In this article, you will learn more about the Site of the former Park View Mansions. You will learn about the price, the developers involved, and the location of the property. This article will provide you with the information you need to make an informed decision.
Site of former Park View Mansions
A new development called the Yuan Ching Road is currently under construction near Lakeside MRT station. To know more about this project, you can view its brochure online. It features a floorplan, gallery and video. You can also visit a showflat. The redevelopment project is estimated to fetch SG$260 million, assuming all plans go according to plan. The site has a 99-year leasehold tenure and is expected to have redevelopment potential of more than 400 thousand square feet.
The developers are partnering with KSH for the project, which will have 440 units. The site covers an area of 17834.8 square feet. Its plot ratio is 2.1, and it will have unobstructed views of Jurong Lake. The project is scheduled for completion this year.
The site’s gross plot ratio (GPR) is 2.1, which means it can yield 440 units of residential space. The owners have a 99-year lease on the land and are hoping to receive at least $320 million from the collective sale. With the sale price down 22 per cent, it is an opportunity for developers to replenish their land bank.
The Park View Mansions in Jurong, Singapore is being transformed into a mid-sized new development. Upon completion, the project will have 440 units and be located adjacent to the Jurong Lake Gardens. The property will be developed by a joint venture between KSH Holdings and CEL Development. The project will be financed with internal funds and external borrowing.
The new owners of the former estate are planning to redevelop the site with a new residential complex. As a result, some units may be sold to increase the development’s value. However, the majority of the units will remain in the same ownership. The redevelopment is scheduled to commence in Q3 2019.
The development is located near the Lakeside MRT station. It features four 10-storey blocks, with around 160 units. The development will also boast unobstructed views of Jurong Lake.
The price paid for Yuan Ching Road condos was S$468 million. The development is located next to Jurong Lake Gardens. The Park View Mansions is also in an area that will soon become the largest business district outside the Central Business District (CBD). According to Singapore Tourism Board, this area will be developed into a cosmopolitan destination in 2022.
The Park View Mansions property is a 99-year leasehold and has a gross plot ratio of 2.1. The site can yield up to 440 units. It is on a 191,974 sq ft plot. Developers hope to net at least $320 million from the collective sale of the properties. They are also planning to spend $157 million to enhance the land’s density and increase the amount of land available for development.
The price paid for Yuan Ching Road condos is a premium on the price of individual units. The price paid for Yuan Ching Road is S$1,023 psf ppr, including the difference premium based on plot ratio. However, a buyer would still need to obtain planning permission from the Urban Redevelopment Apec 2009 Properties (URA) and the Joint-Tenancy Commission (JTC) to complete the project.
Yuan Ching Road is a new development located near the Lakeside MRT station. Its brochures are now available. They include a video, gallery, and floorplan. You can even visit a showflat to view the units in person.
Developers involved in the project include Sing-Haiyi Pearl, KSH Holdings, and CEL Development. The property is on a 17,834.8 square metre piece of land and will feature 440 residential units. It is located within walking distance of several major roads and educational institutions.
The three developers have previously collaborated on joint projects, including the Peace Centre and Peace Mansions collective sales. They plan to offer an average of S$1,023 psf for the entire site. The price tag includes a differential premium for optimizing plot ratio and a top-up lease to 99 years.
The Government Land Sales programme has a limited supply of residential land. This will affect collective sale activity. In addition, land banking will likely continue to occur. However, there will be some sites for collective sale that are bigger than this.