Unit at Chuan Park up for auction

Unit at Chuan Park up for Auction

SINGAPORE, 16 September 2019 – EDMUND TIE is pleased to offer a residential unit within Chuan Park, located at 244 Lorong Chuan, which has been scheduled for auction on Wednesday, 25 September 2019.

The subject property is a 2-bedroom unit with a floor area of approximately 108.98 square metres (sq m) or 1,173 square feet (sq ft). Sitting on the 19^th storey of one of the three tower blocks, the subject unit will enjoy pool and landed views, allowing the unit to enjoy excellent light and air circulation. It will be sold with vacant possession, on an “as is where is” basis.

Developed by Golden Development Pte Ltd and completed in circa 1984, Chuan Park consist a total of 444-units across two, 4-storey blocks of apartments, and three tower blocks of 21 to 23 storeys. Located on a sprawling land plot of approximately 37,209 sq m, facilities such as a clubhouse, convenience store, swimming pool and tennis court are available for its residents’ enjoyment. The development is leasehold 99 years with effect 1980.

Situated off Boundary Road and Ang Mo Kio Avenue 1, the property is set in a tranquil environment and nestled within the residential enclave of Lorong Chuan. Lorong Chuan MRT station on the Circle Line (CCL) is found at the doorstep of the development, and residents will enjoy a convenient access to two other MRT interchange stations in just one stop; Bishan and Serangoon MRT stations, which connects to the North-South Line and North-East Line, respectively. With this, residents can also easily access to nearby malls such as Junction 8 and NEX, with other amenities in close proximity at Serangoon Garden Way, Chomp Chomp food centre, and other shops and services at the nearby HDB estates. For drivers, the site is also well-served by the Central Expressway (CTE), enjoying excellent connectivity to the rest of the island.

The property is surrounded by several notable educational institutions, including St. Gabriel’s Primary and CHIJ Our Lady of Good Counsel within a 1-km radius, as well as Maris Stella School and Kuo Chuan Presbyterian Primary within a 2-km radius from the subject site. Other notable educational institutions in the vicinity include Nanyang Junior College, Raffles Institution Secondary and Junior College, Raffles Girls’ School (Secondary) – under construction, Saint Andrew’s Junior, Secondary and Junior College, Australian International School and Stamford American International School.

Head of auction and sales, Joy Tan, commented, “We expect a very healthy response for the subject unit, given its convenient location at the mouth of the Lorong Chuan MRT Station, and its investment potential for rental purposes and perhaps, a potential for future en bloc opportunities.” 

ENDS

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About EDMUND TIE

EDMUND TIE is a full-service, real estate consulting firm with more than 400 skilled professionals in the region. It is headquartered in Singapore and supported by offices in Kuala Lumpur, Malaysia, and Bangkok, Thailand. The firm offers a comprehensive suite of agency and professional services including investment advisory, business space and retail, residential agency, auction and sales, valuation advisory, statutory valuation and property tax advisory, research and consulting, property management, and hospitality management. For more information, please visit www.etcsea.com.