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Chuan Park sold for S$890m, below reserve price

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Corinne Kerk

Published Fri, Jul 15, 2022 · 04:53 PM
    • There will be an owners’ meeting on Jul 25, at which information will be shared on the preparation for the next stages and the estimated timeline for the sale completion. 
    • There will be an owners’ meeting on Jul 25, at which information will be shared on the preparation for the next stages and the estimated timeline for the sale completion. 
    • There will be an owners’ meeting on Jul 25, at which information will be shared on the preparation for the next stages and the estimated timeline for the sale completion.  photo: BT file
    • There will be an owners’ meeting on Jul 25, at which information will be shared on the preparation for the next stages and the estimated timeline for the sale completion.  PHOTO: BT FILE

    CHUAN Park has finally been sold via private treaty for S$890 million, after the tender for its collective sale closed on Apr 26 without bids.

    A source told The Business Times (BT) that the buyer is a developer that “recently finished a huge residential project”. However, BT is unable to confirm that, as both the marketing agent ERA Realty and the condominium’s Collective Sale Committee (CSC) have declined to comment.

    Reports have since emerged that the buyers are related to developers Kingsford Group and MCC Singapore.

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