If you’re in the market for a new condo, Yuan Ching Road could be the perfect option. The development is being developed by Chip Eng Seng and sits on 191,974 sq ft of land. Estimated gross floor area (GFA) is 403,145 square feet.
Yuan Ching Road Former Park View Mansions
Yuan Ching Road Condo is a brand new development that is located near Lakeside MRT station. It is a new development that offers a variety of amenities. The property has a floorplan, video and gallery that showcases the amenities offered. A showflat is also available to view.
It is one of the latest enblocs in Jurong. Located along Yuan Ching Road, the property has a plot ratio of 2.1 and a total land area of 17,834 square metres. Park View Mansions was previously listed for collective sale, but the project was unable to raise the 80 per cent needed to complete the deal. As a result, the price of these units has fallen by 30% since then. Nevertheless, they still represent a premium over individual units.
Developer: Chip Eng Seng
The Yuan Ching Road Condo Former Park View Mensions Enbloc is being redeveloped by CEL Development, a Singapore-based property development company. The firm is the largest shareholder in the project with a 40% stake, while the other three developers each hold a 30% stake. The redevelopment is expected to yield 403,145 square feet of GFA, at an average price of S$1,023 per square foot. The total land price is estimated to be S$1083 million. The price includes differential premiums for maximizing plot ratios and topping-up 99-year leases.
This project is located near Lakeside MRT station. Other nearby developments include the Lakeside Towers and Lakeside Apartments. The property has a total of 440 units.
Land area: 191,974 sq ft
The enbloc market is booming in Singapore. In the first two months of 2019, KSH closed two residential en bloc deals with partners. The prices for new private houses are going up and the en bloc market is growing. In this context, Yuan Ching Road Condo, formerly Park View Mansions, has been listed at an average price of S$1,023 psf.
The new project has a 2.1 gross plot ratio, which means that it could yield as many as 440 dwelling units. Park View Mansions is under a 99-year lease. The developers are aiming to sell the property for $320 million collectively. The price includes differential costs to optimize the plot proportion and a top-up lease to 99 years.
Estimated gross floor area (GFA): 403,145 sq ft
The newly launched Yuan Ching Road Condo is located in the Lakeside area, near the Lakeside MRT station. The development’s brochure is now available for download and comes with a video, gallery, and floorplan. You can also check out the showflat for a first-hand look.
The Yuan Ching Road condominium is one of the latest enblocs in Jurong. It is situated adjacent to Jurong Lake Gardens and is within the Jurong Lake District, which is set to grow into Singapore’s largest business district outside the CBD. The Singapore Tourism Board has announced plans for an integrated tourism development next to the lake in 2022.
Yuan Ching Road is a newly developed development located close to Lakeside MRT station. This development is near a number of amenities, including schools and shopping malls. The project is also within close proximity of major highways and MRT stations. It is also located near local educational institutions, including Rulang Primary School. The development is planned to offer up to 440 units.
Schools nearby Yuan Ching Road Condo Former – Park View Mansions Enbloc in District 22 are highly ranked by the Ministry of Education. This development is part of the Jurong Lake District, one of the fastest-growing parts of Singapore outside the CBD. It also sits next to Jurong Lake Gardens.
Transport hub: two new train lines
Yuan Ching Road is a prime location in Tampines, near public transport and major employment areas. It is also close to the Tampines Hub, Singapore’s first integrated community hub. The district is also close to major multinationals and financial services firms.
The Park View Mansions comprises 160 units. It is a 99-year leasehold project. CEL Development holds a 40% stake in the joint venture. The other two companies, TK 189 Development and Sing-Haiyi Pearl, own a 30% stake each. The three entities are controlled by Gordon Tang and his wife Celine.