In May 2023, the High Court granted a sale order to Chuan Park’s S$890 million collective sale, after its initial sale via private treaty in July 2022 to developers Kingsford and MCC Land.
This sprawling land plot occupies an excellent location, being right beside Lorong Chuan MRT Station and close to many good schools.
It is slated to transform from a 444 unit to a mega development with over 900 units.
Chuan Park Master Plan View
26 May 2023
THE High Court granted a sale order to Chuan Park’s S$890 million collective sale on Friday (May 26), with the judge concluding that there is no evidence the deal was not arrived at in good faith by its collective sales committee (CSC).
Justice Kwek Mean Luck said the six minority owners who submitted grounds of objection before the High Court had also failed to show evidence for why Chuan Park’s gross floor area (GFA) should be higher than the plot ratio of 2.1.
Owners will now head to court to settle the outcome of the collective sale
9 Dec 2022
THE collective sale of Chuan Park has been met with a stop order by the Strata Titles Board (STB) on Friday (Dec 9), after a group of six minority owners did not withdraw their objections to the transaction.
28 Nov 2022
THE Strata Titles Board (STB) has conducted three mediation sessions over the collective sale of Chuan Park condominium, with the matter remaining unresolved.
29 Sep 2022
REPRESENTATIVES of Chuan Park owners are set to meet for their first mediation session on Oct 18, to see if they can resolve disagreements over the condominium's en bloc sale.
14 Sep 2022
DISSENTING owners of the Chuan Park en bloc sale have filed their objections to the Strata Titles Board (STB), alleging that its Collective Sale Committee (CSC) and marketing agent ERA Realty failed to disclose material facts relating to a higher development baseline for the condominium - which translates into a "deep discount" for the buyers - among other issues.
27 Jul 2022
THE ink has barely dried on the Chuan Park en bloc deal - which is subject to various approvals - but social media posts have already appeared concerning a supposed new development that will take its place.
26 Jul 2022
Owners of the 444 homes at Chuan Park condominium, which was sold en bloc on July 5, will receive gross proceeds of about S$1.16 million for a 710 square foot (sq ft) unit and up to S$2.53 million for a 2,045 sq ft unit.
15 Jul 2022
CHUAN Park has finally been sold via private treaty for S$890 million, after the tender for its collective sale closed on Apr 26 without bids.
21 Jun 2022
The collective sale committee (CSC) of Chuan Park condominium, a 99-year leasehold project in Lorong Chuan, has received an expression of interest (EOI) from a developer for $860 million, below its reserve price of $938 million.
15 Mar 2022
Chuan Park at Lorong Chuan has been relaunched for sale at the same indicative price tag of $938 million.
The 99-year leasehold condominium was last put up for tender from Oct 5 to Nov 18, 2021, before the latest cooling measures were rolled out by the Government in December. After the tender closed, it went into private treaty negotiations.
5 Oct 2021
Chuan Park Condominium, 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.