Chuan Park Residences, a 99-year leasehold project in Lorong Chuan, has secured an 80 per cent mandate for its third collective sale bid, after raising its reserve price to $938 million from $900 million.
The owners of the development's 710 sq ft units stand to get $1.22 million each, while owners of the 2,045 sq ft units may receive as much as $2.66 million each, according to a July 13 letter from the Chuan Park collective sales committee (CSC) to owners seen by The Straits Times.
Key Selling Points
Chuan Park offers a total of 452 units.
Chuan Park condominium is located right beside Lorong Chuan MRT and about less than 10 mins walk to Serangoon Bus Interchange or NEX mall.
In its vicinity are hawker centres such as Serangoon Garden Market and Food Centre as well as neighbourhood cafes and bars.
Schools in the area also include CHIJ Our Lady of Good Counsel, St Gabriel's primary and secondary schools, Raffles Girls' Secondary School, Nanyang Junior College, the Australian International School as well as several others.