Chuan Park (demolished)
Overview & Key Facts
CHUAN PARK (DEMOLISHED) is a 99 yrs lease commencing from 1980 condominium located at LORONG CHUAN in District 19 (OCR), developed by GOLDEN DEVELOPMENT PTE LTD (FAR EAST ORGANIZATION), comprising 452 units, completed in 1985.
Location & Connectivity
Unit Sizes & Layout
| Bedrooms | Transactions | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 1 | $1,126 | $800,000 |
| 4 BR | 3 | $1,053 | $1,610,000 |
| 5 BR | 2 | $1,158 | $445,900,000 |
Pricing & Market Position
Based on 6 recorded transactions, sale prices range from $800,000 to $890,000,000, averaging $149,571,667.
Rents range from $1,650 to $7,500 per month across 255 rental transactions. Current rental yield sits at approximately 2.1%.
Price Appreciation
From 2021 to 2022, the average PSF has appreciated by 25.7% (from $1,014 to $1,274 psf).
Neighbourhood Comparison
| Development | Tenure | TOP | Units | ~Avg PSF |
|---|---|---|---|---|
| CHUAN PARK (DEMOLISHED) | 99 yrs lease commencing from 1980 | 1985 | 452 | — |
| CHUAN PARK | 99 yrs lease commencing from 2024 | 2024 | 916 | $2,596 |
| THE FLORENCE RESIDENCES | 99 yrs lease commencing from 2018 | 2021 | 1,410 | $1,746 |
| RIVERFRONT RESIDENCES | 99 yrs lease commencing from 2018 | 2021 | 1,451 | $1,589 |
| AFFINITY AT SERANGOON | 99 yrs lease commencing from 2018 | 2021 | 1,012 | $1,699 |
| SERANGOON GARDEN ESTATE | Freehold | 2021 | — | $1,735 |
Lease Decay Analysis
The 99-year lease runs from 1980, meaning approximately 46 years have already been consumed. Roughly 53 years remain.
| Year | Lease remaining | Implication |
|---|---|---|
| 2026 (now) | ~53 years | CPF restrictions may apply |
| 2039 | ~39 years | Significant financing restrictions for next buyer |
| 2079 | Expiry | Lease reverts to state |
ShiokNest Scores
Our proprietary scoring system evaluates CHUAN PARK (DEMOLISHED) across multiple dimensions.
Strengths & Weaknesses
- OCR location offers more competitive entry prices
- PSF in the lower quartile — potential value buy in the district
- Below-average gross yield of 2.1%
- Below-average transaction volume — may take longer to sell
- Ageing development (TOP 1985) — may require higher maintenance
Verdict
CHUAN PARK (DEMOLISHED) is a OCR condominium.