If you are looking for a place to live in Singapore, you might have heard of Chuan Park, a condominium complex located near Lorong Chuan MRT station. But do you know the history of this development, and how it has changed over the years?
Chuan Park was built in 1985 by the developer Allgreen Properties, which is part of the Kuok Group, one of Asia’s largest conglomerates. The project was designed by the renowned architect Timothy Seow, who also designed other iconic buildings in Singapore, such as The Concourse and The Gateway. Chuan Park consists of 452 units, ranging from one-bedroom to four-bedroom apartments, as well as penthouses and maisonettes. The units are spacious and well-ventilated, with large windows and balconies that offer panoramic views of the surrounding greenery and city skyline.
One of the main attractions of The Chuan Park is its location
It is situated in a quiet and serene neighbourhood, surrounded by landed properties and low-rise buildings. It is also close to many amenities, such as NEX shopping mall, Serangoon Garden Village, Bishan-Ang Mo Kio Park, and several schools, such as Australian International School, St Gabriel’s Primary School, and Nanyang Junior College. Moreover, it is well-connected to other parts of the island, with easy access to the Central Expressway (CTE), the Pan Island Expressway (PIE), and the Circle Line MRT.
Another highlight of Chuan Park is its facilities
The development boasts a wide range of recreational and leisure options for its residents, such as a swimming pool, a tennis court, a squash court, a gymnasium, a sauna, a barbecue area, a playground, a function room, and a mini-mart. The complex also has a 24-hour security system and ample parking spaces. Furthermore, Chuan Park has a strong sense of community, with many residents forming close bonds and friendships over the years.
Chuan Park has undergone several enhancements and upgrades since its completion. In 2007, the development underwent a major renovation that cost $6.5 million. The project involved repainting the exterior walls, replacing the roof tiles, upgrading the lifts and electrical wiring, and refurbishing the common areas. In 2015, Chuan Park also installed solar panels on its rooftops, becoming one of the first condominiums in Singapore to adopt green energy. The solar panels generate about 10% of the electricity needed for the common facilities, reducing the carbon footprint and utility bills of the residents.
Chuan Park is currently one of the most sought-after properties in the area
With high demand and low supply. According to data from EdgeProp.sg, the average transacted price of Chuan Park units in 2020 was $1,098 psf, which is higher than the average price of $1,052 psf for non-landed properties in District 19. The rental yield of Chuan Park units was also above average at 3.4%, compared to 2.9% for non-landed properties in District 19. The high value and returns of Chuan Park units can be attributed to its prime location, quality design, ample facilities, and strong reputation.
Conclusion
Chuan Park is a condominium that has stood the test of time and remained relevant and attractive to many homebuyers. It has a rich history that reflects its evolution and improvement over the years. It also has a bright future that promises more growth and value for its residents.
