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696 out of Chuan Park’s 916 units sold on launch weekend at average of S$2,579 psf

Lack of new projects in the area and a large pool of potential buyers looking to upgrade are among the reasons for the strong performance

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Chong Xin Wei

Chong Xin Wei

Published Mon, Nov 11, 2024 · 09:38 AM
    • Chuan Park, a 99-year leasehold development along Lorong Chuan, has three 22-storey and two 19-storey tower blocks, as well as two commercial units.
    • Chuan Park, a 99-year leasehold development along Lorong Chuan, has three 22-storey and two 19-storey tower blocks, as well as two commercial units. PHOTO: KINGSFORD GROUP

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    SOME 76 per cent of the 916 units at Chuan Park were sold on their launch weekend at an average price of S$2,579 per square foot (psf).

    A total of 696 residential units of the 99-year leasehold development were sold, said a spokesperson from developer Kingsford Group in a Monday (Nov 11) morning update.

    Chuan Park is a redevelopment of the former condo of the same name, which Kingsford Group purchased en bloc for S$890 million in May last year.

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