Chuan Park going for en bloc sale for S$938 million 

2 min read

Chuan Park condo has been put up for sale through public tender by ERA Realty Network for an indicative price of S$938 million. This comes after Flynn Park was sold en bloc in September for S$371 million, making it the largest en bloc sale so far this year.

Located at Lorong Chuan, the 99-year leasehold condo comprises 444 residential units and two commercial units. The condo spans 400,588.72 sq ft, with the site having a gross plot ratio of 2.1, stated in the 2019 URA Master Plan.

This means that the site can be redeveloped up to a GFA of 841,236.30 sq ft, translating to 900 to 919 units. According to ERA, the price works out to be S$1,042 per sq ft per plot ratio. The development charge is not payable due to the existing plot ratio as well.

Chuan Park condo en bloc

While this is not Chuan Park’s first en bloc attempt, this marks the first tender exercise as it hit the required 80% vote, according to Stanley Koo, Division Director of ERA Singapore. Due to Covid-19, it took almost a year to get the mandate.

Map of Chuan Park
Chuan Park is located right next to Lorong Chuan MRT. Source: URA

Chuan Park is conveniently located next to Lorong Chuan MRT on the Circle Line. This means that residents are just one stop away to Serangoon MRT (an interchange for the North East Line and the Circle Line) and NEX.

Notably, Serangoon Gardens is in the vicinity, famous for its variety of food in hawker stalls and hipster cafes.

Schools nearby Chuan Park include CHIJ Our Lady of Good Counsel, St Gabriel’s Primary and Secondary, Yangzheng Primary, Zhonghua Primary, Kuo Chuan Presbyterian Primary, Zhonghua Secondary, Maris Stella High, Nanyang Junior College and Australian International School.

The tender for Chuan Park will close on Thursday 18 November 2021 at 3.30pm.


What do you think of the indicative price for Chuan Park’s en bloc attempt? Let us know in the comments section below. 

If you found this article helpful, 99.co recommends What factors are necessary for a possible en bloc or collective sale? and Property Jargon of the Day: En-Bloc Sale. 

Looking for a property?

Find the home of your dreams today on Singapore’s fastest-growing property portal 99.co! If you would like to estimate the potential value of your property, check out 99.co’s Property Value Tool for free. Also, don’t forget to join our Facebook community page or Telegram chat group! Meanwhile, if you have an interesting property-related story to share with us, drop us a message here — and we’ll review it and get back to you.

Note that this content may be reproduced in edited form on our content partner sites. They include AsiaOne and Yahoo South-East Asia but are not limited to these.

Reader Interactions

Leave a comment

Your email address will not be published. Required fields are marked *

Get the latest news in your inbox

  • This field is for validation purposes and should be left unchanged.