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
Add BT as a preferred source
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.
TRENDING NOW
Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage
Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now
Record Singapore-US rate gap may widen further on inflows and hawkish Fed outlook
Marco Polo Marine shares plans to unlock value as boutique fund manager becomes substantial shareholder
