The Much Rave About - Chuan Park, would it be worth your money?

The Chuan Park: Why Singapore is Buzzing About This New Leasehold Launch

The highly anticipated launch of Chuan Park has captured the attention of Singaporeans, promising a unique blend of modern luxury and community living in the established District 19 of Lorong Chuan. This leasehold development has been a hot topic in recent months, and it’s no surprise why—it checks all the boxes for a highly sought-after property. From its developer and design team to its prime location and extensive amenities, Chuan Park has created a buzz that’s hard to ignore.

Prime Location and Connectivity

Situated just a short walk from the Lorong Chuan MRT station on the Circle Line, Chuan Park enjoys excellent connectivity to major parts of Singapore, making it a convenient location for residents working in the central or western parts of the island. Accessibility to both the Central Expressway (CTE) and the Pan-Island Expressway (PIE) enhances its appeal, offering quick and easy access to the CBD, Orchard Road, and beyond.

The project’s location is ideal for families, with proximity to prestigious schools like St. Gabriel’s Primary, Kuo Chuan Presbyterian Primary, and Nanyang Junior College, catering to a broad demographic. With nearby shopping centers, including NEX and Junction 8, residents have access to various shopping, dining, and entertainment options, all within a short commute.

Developed by Kingsford Development: A Renowned Name

Kingsford Development, known for its high-quality residential projects in Singapore after the successful construction of Normanton Park amidst concerns about quality build after Kingsford Waterbay and Kingsford Hillview Peak, has brought its expertise to Chuan Park. Kingsford has a made a come-back in delivering thoughtfully designed, well-constructed properties that balance functionality and aesthetics. Its involvement has bolstered confidence among prospective buyers, especially buyers who loves mega developments..

With a landsize of 37,215.60 sqm / 400,600 sqft, Kingsford only had 916 units planned, Chuan Park offers a mix of unit types to cater to various needs—from compact units for young professionals to spacious layouts suitable for families.

This large-scale development will create a thriving community within Lorong Chuan, enhancing the vibrancy of the neighborhood and adding to its appeal as a residential hotspot.

AGA Architect Pte Ltd as the main architect and Built by China Communications Construction Company (CCCC)

Kingsford has enlisted a team of reputable names in the architectural and construction sectors. AGA Architects is well-known for its work on several high-profile projects in Singapore, with one of its most notable being Sky Habitat in Bishan. Designed in collaboration with renowned architect Moshe Safdie, Sky Habitat is famous for its distinctive design, featuring connected sky bridges that form a “stepped” architectural structure. This project has become iconic for its unique aesthetic, lush sky gardens, and innovative approach to high-rise residential living, making it one of AGA Architects’ most celebrated projects in Singapore. Chuan Park is set to showcase this expertise through a modern, sleek aesthetic that complements the area’s established character.

China Communications Construction Company (CCCC), the main contractor for Chuan Park, brings extensive construction experience, known for its precise and robust building practices. CCCC’s involvement ensures that Chuan Park will be built to the highest standards of durability and quality, which resonates well with buyers seeking peace of mind and long-term value in their investment.

Comprehensive Amenities for a Balanced Lifestyle

Chuan Park’s extensive amenities play a big role in its appeal. The development will include multiple swimming pools, a tennis court, fitness zones, children’s playgrounds, and community spaces for gathering and relaxation. For professionals, the inclusion of co-working spaces within the development is a welcome touch, aligning with the growing trend of remote work.

These facilities cater to diverse lifestyles and promote a well-rounded, balanced living experience. The lush landscaped gardens and open spaces provide an inviting environment where residents can unwind, exercise, and socialize. Chuan Park has been thoughtfully designed to offer a resort-like experience within the comforts of home.

Strong Investment Potential and Leasehold Value

Although Chuan Park is a leasehold property, its strategic location, size, and quality make it an attractive investment option. The Lorong Chuan area has consistently seen strong demand and stable property values due to its location within a mature estate. Leasehold developments in prime areas often attract both investors and homeowners who appreciate the affordability and potential for steady rental income or resale value over the medium to long term.

The mix of modern amenities, strong architectural design, and reputable developer and contractor involvement further bolster Chuan Park’s standing as a viable investment in Singapore’s dynamic property market. Kingsford Development’s proven track record and the strong construction quality expected from CCCC mean that buyers can feel assured of the long-term potential and quality of their investment.

Chuan Park: A New Landmark in District 19

With its thoughtfully curated amenities, exceptional location, and strong development team, Chuan Park is shaping up to be a landmark addition to District 19. The excitement surrounding its launch highlights Singaporeans’ enthusiasm for developments that offer a holistic lifestyle within a well-connected neighborhood. For buyers and investors alike, Chuan Park is an enticing opportunity to be part of a thriving community in one of Singapore’s most desirable areas.

Is Chuan Park Worth Parking Your Money In? Here’s what we think.

With Chuan Park’s new launch in District 19, there’s a lot of excitement—yet the question on every potential buyer’s mind is, is it really worth the investment? On one hand, Chuan Park offers a mix of modern amenities, good connectivity, and reputable developers; on the other, it’s a leasehold property with high entry price in an already mature estate. Let’s break down the key points for and against investing in Chuan Park.

Pro: Prime Location with Excellent Connectivity

One of Chuan Park’s biggest selling points is its location. Situated near Lorong Chuan MRT on the Circle Line, the development offers seamless connectivity across Singapore. Quick access to major expressways like the CTE and PIE makes commuting convenient for both residents who work in the CBD and those who travel frequently. The area is also close to prominent schools, such as St. Gabriel’s Primary School and Nanyang Junior College, making it ideal for families looking for top-notch educational options nearby.

Con: Leasehold Status in a Competitive Market

However, Chuan Park’s leasehold status with a high entry price point in PSF can be a point of contention. Freehold properties are generally more desirable for their lasting value and potential to maintain higher long-term resale prices, whereas leasehold properties tend to see diminishing returns as the lease term decreases. However, in reality, many projects that are within close vincinity to MRT stations are Leasehold status, as such buyers do not really have a choice on the lease period if they are looking at properties with great accessibility options, Eg MRT stations

Pro: Reputable Developer and High-Quality Design, Fair Asking Price

Kingsford Development has a solid reputation for delivering quality projects, eg Normanton Park. This development is also set to feature a range of lifestyle amenities, such as swimming pools, tennis courts, fitness centers, and co-working spaces, catering to diverse resident needs. China Communications Construction Company (CCCC), a reputable main contractor, adds further assurance that the project will be completed with quality and durability in mind. For potential buyers, these factors may mitigate concerns about the leasehold status, making Chuan Park a safer investment option within this category.

A sweetener to the project, Developer for Chuan Park has just announced the guide price for booking day, with an starting price point of $21XX PSF, this could well be a sell out project if average pricing ends within $24XX Psf on the premium levels and stack.

Con: Saturation of Nearby Developments

Some buyers may view Chuan Park as simply another entry in an already saturated market in District 19. The Serangoon and Lorong Chuan area has seen multiple residential developments over the years, and while Chuan Park brings a fresh take, it competes against many established properties nearby. For investors, this competition may result in lower rental demand or slower capital appreciation, especially as other new launches continue to emerge in areas with similar amenities.

Pro: Strong Amenities for a Lifestyle-Driven Market

The range of amenities at Chuan Park is a significant draw. With features like landscaped gardens, family-friendly playgrounds, and even co-working spaces, the project appeals to a lifestyle-driven demographic that values convenience and recreation. The inclusion of co-working spaces, in particular, reflects the shift towards flexible working, adding a modern edge to the project. For those looking to live in a property that offers a comprehensive lifestyle experience, Chuan Park certainly holds appeal.

Con: Potential Investment Uncertainty Due to Leasehold Limitations

Despite the appealing lifestyle offerings, Chuan Park’s leasehold nature might be a limiting factor for long-term investment potential. As a leasehold property, Chuan Park may face depreciation in value over time, especially once it nears the halfway point in its lease. While it could still hold appeal as a home, buyers considering it for pure investment purposes might question the long-term return on investment compared to freehold alternatives or even leasehold projects with longer leases.

Pro: Potential for Capital Appreciation in an Established Estate

Another point in favor of Chuan Park is its location in a mature estate, which typically provides more stable property values and demand. Lorong Chuan and the surrounding areas have shown consistent interest from buyers and tenants due to the area’s convenience, schools, and community. Even as a leasehold property, Chuan Park’s strategic positioning and the demand for well-located properties might yield capital appreciation in the medium term, especially if new commercial or infrastructural developments arise nearby. With pent-up demand, a fresh new condo would certaintly appeal to buyers be it families for own stay or investors looking to invest in a property at a fantastic location

Con: More Appealing Options for Investors Seeking Rental Yield

When it comes to rental yield, Chuan Park might face a tough crowd. With the higher competition from nearby developments and high entry price, rental rates may not stand out in the current market. Investors seeking high rental yield might consider freehold options in fringe areas or areas with less market saturation, which could offer a better return on investment. Additionally, with new developments emerging in other parts of Singapore, tenants might lean towards newer or more centrally located options especially in RCR locations like Union Square Residences.

The Verdict: To Park Your Money or Not?

For homebuyers looking for a convenient, well-designed, and lifestyle-driven residence, Chuan Park holds a strong appeal. Its location, reputable development team, and thoughtful amenities are all positives that can justify the investment. However, for investors strictly focused on long-term capital appreciation or high rental yield, the leasehold status and market competition might prompt a second thought.

Ultimately, Chuan Park’s worth as an investment depends on what you prioritize. If lifestyle and accessibility are high on your list, this development is certainly worth a look. But if long-term appreciation or rental income is your primary focus, weighing the leasehold limitations against other options in the market is crucial. Whatever your options, it would be wise to speak to real estate consultants who are well-versed in market trends. Feel free to contact us to gain more insights or to schedule a consultation with our panel of real estate agents.

Visit the showflat now

New Launch Blog by David & Audrie

Disclaimer: This article are written solely from the views of the aurthor, and it does not represent the whole market sentiment and analysis