Day: July 17, 2022

Kingsford and MCC Land behind $890 mil bid for Chuan Park in biggest en bloc deal of 2022 so far

Now that Normanton Park is completely marketed, Kingsford has just one other upcoming development, specifically the 142-unit new project at Slim Barracks Rise. It had actually won the website in a government land tender last September with a bid of $162.388 million ($ 1,210 psf per story ratio).

Chuan Park has 444 condominium systems and 2 shop devices in the development. It is located beside Lorong Chuan MRT terminal
Finished in 1984/85, the existing Chuan Park has 444 condo devices and also 2 strata business systems remaining on a 400,588 sq ft website with a plot proportion of 2.1. Under the URA Master Plan 2019, the website can be redeveloped into a new condominium with a gross flooring area (GFA) of 841,236 sq ft. This converts to regarding 900 domestic systems, based on URA and Land Transport Authority approval. The site has a 99-year lease beginning with June 6, 1980. …

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