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Chuan Park owners to get S$1.16m to S$2.53m each; some unhappy with lack of timely updates

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Corinne Kerk

Published Tue, Jul 26, 2022 · 05:50 AM
    • The 99-year leasehold development was sold via private treaty for S$890 million - 5.1 per cent below the S$938 million reserve price
    • The 99-year leasehold development was sold via private treaty for S$890 million - 5.1 per cent below the S$938 million reserve price PHOTO: BT FILE

    OWNERS of the 444 homes at Chuan Park condominium, which was sold en bloc on July 5, will receive gross proceeds of about S$1.16 million for a 710 square foot (sq ft) unit and up to S$2.53 million for a 2,045 sq ft unit.

    The 2 commercial units will receive S$1.09 million for a 474 sq ft unit and S$2 million for a 1,238 sq ft unit.

    The numbers were revealed to Chuan Park’s owners at a Zoom meeting last night (July 25), where marketing agent ERA Realty and the condominium’s Collective Sale Committee (CSC) again declined to reveal the name of the buyers. They said that under the terms of their agreement, they were not allowed to disclose the buyers’ identity without their permission.

    Singapore propertyCollective sale

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