Chuan Park, the latest development by Kingsford Group, has already stirred significant interest among property buyers and investors. When its sales gallery opened on 31 October, it attracted about 5,000 visitors by 8 pm, taking advantage of the Deepavali public holiday. This impressive turnout reflects the strong demand for new condo launch in District 19, particularly as Chuan Park is the first project in over 14 years in the Lorong Chuan area. With anticipation running high, record-breaking sales are expected when Chuan Park officially launches on 10 November.
Preview and launch dates
The Chuan Park preview period and Cheque Cut-off Date will run until 7 November, giving prospective buyers ample time to explore the project and assess its offerings. The official launch date is set for 10 November, when Chuan Park will debut alongside three other high-profile developments. These include the 552-unit Nava Grove at Pine Grove, a joint venture by MCL Land and Sinarmas Land; the 846-unit Emerald of Katong by Sim Lian Group; and Novo Place, a 504-unit executive condo in Tengah by Hoi Hup Realty and Sunway Developments. With these simultaneous launches, November promises to be an exciting month for Singapore’s property market.
Interested in more upcoming new launches for the year? Take a look at your options here: Upcoming new launches: New Launch condos in H2 2024
Expected strong sales
Analysts are anticipating robust sales performance for Chuan Park, expecting it to benefit from high buyer interest and a lack of recent private condo launches in the Lorong Chuan area. The project’s prime location, right next to Lorong Chuan MRT Station on the Circle Line, also makes it highly appealing to buyers looking for convenience and accessibility. With market sentiment shifting toward more favourable outlooks, experts project that at least 50% of Chuan Park’s units may sell on launch day (that’s about 450 units), potentially establishing it as one of 2024’s top-performing condo launches in terms of first-day sales.
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Chuan Park units and pricing
Chuan Park offers a range of units catering to different needs and preferences. The development comprises 916 residential units, featuring two- to five-bedroom layouts with sizes ranging from 700 to 1,841 square feet. Starting prices reflect the project’s upscale appeal, beginning at S$1.5 million for a 2-bedroom unit, S$2.1 million for a 3-bedroom, $3.1 million for a 4-bedroom, and $3.7 million for a 5-bedroom. The average selling price is estimated to be around S$2,500 per square foot, offering potential buyers a unique blend of luxury and convenience in the heart of District 19.
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Chuan Park project details
Developed by Kingsford Development in partnership with MCC Singapore, Chuan Park brings the combined expertise of two developers with proven track records. Past projects by these developers, such as Kingsford Hillview Peak and Normanton Park, have set high standards for quality and design. Set on a 99-year leasehold, Chuan Park spans about 400,588 square feet, equivalent to roughly 37,215 square metres.
The project features a total of five residential blocks – two 19-storey buildings and three 22-storey buildings. With 916 units in total, Chuan Park is designed to suit diverse lifestyles, with options for 2- to 5-bedroom apartments. The project’s expected completion date is around 2028, which adds to its allure as a modern, well-located development.
Chuan Park location and accessibility
One of Chuan Park’s strongest selling points is its strategic location. Situated just a short walk from Lorong Chuan MRT Station on the Circle Line, residents will have convenient access to major parts of Singapore. For those seeking nearby amenities, the NEX shopping mall is just one MRT stop away, offering a variety of shopping, dining, and entertainment options. The area also provides access to the famed Chomp Chomp Hawker Centre and other popular dining spots, enhancing the convenience of life at Chuan Park.
Amenities at Chuan Park
The development has been designed to offer residents a comprehensive lifestyle experience, with a range of amenities that cater to all ages and interests. Within the grounds, you’ll find facilities such as a swimming pool, a gym, BBQ pits, a yoga lawn, children’s playgrounds, and beautifully landscaped gardens. Chuan Park emphasises a garden-centric design, creating a tranquil living space within an urban setting. This harmonious environment offers a peaceful retreat from the city while still providing all the conveniences expected of modern urban living.
Chuan Park community and lifestyle prospects
Chuan Park also focuses on fostering a vibrant community atmosphere. The project is located close to several parks and recreational areas, allowing residents to enjoy nature and outdoor activities. Families and individuals alike will find it easy to strike a balance between the serenity of green spaces and the convenience of city living. The development’s thoughtful layout and emphasis on communal spaces aim to cultivate a friendly, cohesive community that appeals to a wide range of residents.
Market context
The story of Chuan Park’s redevelopment began with an en bloc sale of the former Chuan Park condo, which Kingsford Group acquired for about S$890 million in May 2023. This substantial investment reflects the developers’ confidence in the area’s long-term potential. The decision to redevelop the property with upgraded amenities, modern designs, and improved layouts has generated significant interest among potential buyers. Chuan Park’s relaunch marks an important addition to Singapore’s residential landscape, promising luxurious living within a convenient and well-connected neighbourhood.
The attention it has garnered underscores the development’s appeal, not only as a residential project but also as a community-focused, lifestyle-driven space that meets the needs of today’s urban residents.
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