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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

    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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