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Pitch‑Perfect Deal: Park View Mansions Made a Sweet Move!
TL;DR
Three savvy developers – Chip Eng Seng Corp., KSH Holdings, and SingHaiyi – closed the bid for $260 million on a 160‑unit condo that just went on tender a month ago. The trio plans to flip the slab into a 440‑unit community next to the serene Jurong Lake Gardens.
Key Facts (in plain‑spoken, spoiler‑free vibes)
- ▶ Price tag: $260 M, as announced on July 28.
- ▶ What’s the haul? 160 current units, 440 coming soon.
- ▶ Location love: Yuan Ching Road, right beside Jurong Lake Gardens.
- ▶ Tenure: 99‑year lease starting Oct 1, 1976.
- ▶ Plot size: 191,974 sq ft @ $1,023/sq ft (per plot ratio).
- ▶ GFA potential: Up to 403,141 sq ft given a 2.1 plot ratio.
Why this move is a buzz cocktail
Ever heard of “prime location + rare land shape”? ERA Realty’s group director pitched that this property’s unobstructed views of Jurong Lake and Lakeside Garden should make every development enthusiast hop on the wagon. It’s like having a front‑row seat at a rock concert.
Market vibes & chill strategy
With rates climbing, inflation thundering, and global tension brewing, the consortium’s core feel‑good motto: “We’re mindful of construction hiccups, but we’re ready to roll.” They fetched a tender lunch‑called from “familiar parties” – partners who’ve already baked plenty of projects together.
Big‑ticket siblings
- People’s Park Centre storms the market at a guiding price of $1.8 B – a 33.3% bump from its first 2019 try.
- Even “most expensive en bloc” whispers aren’t enough to shake our plans.
In the words of the net audience
“Looks like an upbeat launch for the future homeowners. Let’s see the calls!
Contact the news team at [email protected] if you want the inside scoop.
