Chuan Park sells 70% of units at weekend launch

The property achieved an average price of over $2,500 psf.

Chuan Park sold over 70% of its 916 units during its weekend launch.

The developer, Kingsford Group, said that the project achieved an average price of over $2,500 per sq ft (psf).

Chuan Park offers 2-bedroom to 5-bedroom units with a price range of $1.6m to $4.3m.

The most popular units are the 2-bedders and 3-bedders which have sold around 70%, followed by the 4-bedders which have sold over 60%.

“The highly anticipated project in 14 years in Lorong Chuan is estimated to have attracted more than 20,000 visitors during its preview. This could be the highest number of visitorship in recent years. More than 2,800 cheques were collected from interested buyers,” Mark Yip, CEO of Huttons Asia said.

“We think Chuan Park saw record-breaking sales because it ticked many boxes for mass-market homebuyers, who mostly prioritise accessibility to amenities and schools, and having excellent public transport connectivity,” Ismail Gafoor, CEO of PropNex said.