EdgeProps, the developer of Yuan Ching Road Condo, believes the Park View Mansions project will be well-received by buyers, thanks to the site’s prime location, rare land shape, and views of Jurong Lake. However, the developer is aware of rising interest rates, inflation rates, and geopolitical tensions. He is also concerned about delays and disruptions in construction work and deliveries of supplies. In addition, analysts at Maybank caution that the Fed remains hawkish and will continue its aggressive tightening cycle.
Chip Eng Seng Corporation
The Yuan Ching Road Condo is one of the newest launches in District 22. Located close to Lakeside MRT station and Chinese Garden Mrt, this new development offers residents the convenience of being in the heart of the Western part of Singapore. The upcoming development will offer unobstructed views of Jurong Lake and Lakeside MRT station.
The Park View Mansions has 160 units and a 99-year leasehold, and is expected to launch at $2050 per square foot. The site has potential for up to 403,145 sq ft of floor space. The property is located near Jurong Lake District and Lakeside MRT station, and is zoned for residential use.
SingHaiyi Group
The SingHaiyi Group has acquired the former Park View Mansions Enbloc, a development that consists of four residential blocks with a total of 160 units. The developer plans to redevelop the site to create a new residential development with unobstructed views of Jurong Lake. It will also be within easy reach of the Lakeside MRT station.
The property has been up for sale since last year. It has been sold to the Sing Haiyi Group, KSH Holdings and Chip Eng Seng Group for a sum of S$260 million. The developers will redevelop the site into a residential complex with up to 440 units. They are partnering with KSH Holdings and TK 189 Development to build the complex.
KSH Holdings
KSH Holdings owns Yuan Chin Road Condo Former Park View Mansions En Bloc Chip Eng Seng, a residential development in Singapore’s downtown core. The Park View Mansions were up for sale last year, and a joint venture led by Chip Eng Seng and Sing Haiyi Group successfully bid to acquire the property. Together with KSH Holdings and TK 189 Development, the three companies are redeveloping the mansions into a residential complex.
The joint tender included Sing-Haiyi Pearl and TK 189 Complex, which are both indirectly owned by KSH Holdings. The joint venture plans to redevelop the site and sell it back to the public. The joint venture will finance the purchase through internal funds as well as external borrowing.
Gordon Tang
The Gordon Tang Yuan Ching Road Condo is located along the Lakeside and is surrounded by a number of amenities, including a shopping mall and a MRT station. There are also several nearby eateries and hawker centres. In addition, you can find many local educational institutions in the area. The development is set on a 17,834.8 square metre site, and the developers plan to build 440 units.
The site is relatively flat and has a gross plot ratio of 2.1. This means that it is well-suited for the development of a luxury condominium. The property is also near Jurong Lake Gardens, which means that residents will have unobstructed views of the lake. The new project is also within walking distance of the Lakeside MRT station.
Parkview Mansions to be redeveloped into a residential complex
A group of property developers is getting ready to transform the former Park View Mansions enbloc into a residential complex. The new project will be a mixed-use project with 440 residential units. The development will have unobstructed views of Jurong Lake and will be within walking distance of the Lakeside MRT station. The developers expect to sell the site at a price of S$1,023 psf ppr, assuming they can get planning permission and JTC approval.
The development will include a prestigious lakefront location in the middle of Lakeside. The project will also be near some of the city’s iconic hawker centres, such as Boon Lay Place Food Village. Yuan Ching Road Condo’s brochure is now available for download and contains information about its amenities, floorplan, and VVIP dates. You can also visit a showflat to get a feel for the condo’s amenities.