Chuan Park Condo Gets Big Red‑Bull‑Style Bid Bonanza!
Three‑quarters of the board gave the green light, and ERA Realty Network is now pulling out the big guns: an indicated price of S$938 million for the 99‑year leasehold gem. This follows Flynn Park’s colossal $371 million en bloc deal earlier this year – the biggest in the market so far.
Why the Buzz? Try This in a Nutshell
- ⌛ 99‑year lease, 444 residents + 2 commercial units.
- 400,588.72 sq ft of living space.
- 2019 URA Master Plan: GRA of 2.1 → up to 841,236.30 sq ft GFA.
- That’s 900‑919 units worth of future fresh vessels.
- Price per plot‑ratio unit: S$1,042 per sq ft.
- No development charge thanks to the current plot ratio.
Getting the Nod Wasn’t a Walk in the Park
It took a full year fighting through Covid‑19 chaos to secure the 80% vote threshold – a true victory for the residents and ERA’s Division Director Stanley Koo.
Location Perks That Make You Want to Move In
- Lorong Chuan MRT just a stop away – your train to Serangoon (NEX/NE Line) is a quick hop.
- Serangoon Gardens on the doorstep: hawker stalls, hipster cafés, endless grub.
- Quick School Pulse: CHIJ Our Lady of Good Counsel, St Gabriel’s Schools, Yangzheng, Zhonghua, Kuo Chuan, Maris Stella, Nanyang Junior College, Australian International School.
Mark Your Calendars
The tender window closes on Thursday, 18 November 2021, at 3:30 pm. Throw the best bid in and watch the condo transform into a brand‑new living legend.
This revamped take is courtesy of 99.co. Enjoy the smoother version of the news!
