76% or 696 out of 916 units of Chuan Park’s sold on launch weekend at average of S$2,579 psf

Chuan Park is a redevelopment of the former condo of the same name, which Kingsford Group purchased en bloc for S$890 million in May last year.
The units sold ranged from two-bedroom, two-bedroom+study, and three-to-five-bedroom units, says a spokesman for Kingsford. Singaporeans comprised about 93% of the total number of homebuyers, while permanent residents and foreigners accounted for the remaining 7%.

About 92% of the units transacted were two- and three-bedroom units, while the remaining 8% were four- and five-bedders, says Ismail Gafoor, CEO of PropNex.

The transacted prices across all units sold ranged from $1.6 million (for two-bedders) to $4.3 million (for a five-bedroom unit). "Generally, we think the developer has priced the project sensitively in view of the overwhelming demand, including from prospective buyers within District 19," he adds.