Chip Eng Seng and KSH Holdings Team Up for Yuan Ching Road Condo

EdgeProps believes that the Park View Mansions project will be well-received by the market due to its prime location, rare land shape and commanding views of Jurong Lake. However, Chip Eng Seng is wary of a potential market slowdown and rising interest rates. These risks may delay construction work and hamper supply of necessary materials. Moreover, analysts at Maybank warn that the Fed remains hawkish and will continue on its aggressive tightening path.

The former Park View Mansions in Jurong is being converted into a mid-sized new condominium with 440 units. The development is located next to Jurong Lake Gardens. This area is poised to develop into the country’s CBD, as well as an integrated tourism hub. For this reason, the property is likely to sell at a premium.

This project is near the Jurong Region Line and the Tengah MRT station, making it a convenient choice for commuters. It is also near the Kranji Expressway and the Pan-I expressway. Moreover, it is one of the few executive condominiums in the western part of the city.

Residents can choose from a number of floor plans that suit their needs and preferences. The units are available in various sizes and are suited for families, professionals, and couples. The development is close to several shopping malls and good schools. It is convenient to commute to the city.

KSH Holdings

KSH Holdings and Chip Eng Seng are collaborating on several high-profile real estate projects. They bought the Peace Centre/Peace Mansions en bloc last December for $650 million, and are also partnered on the TK 189 Development, which will have 440 units. The development will be built on a 17834.8-square-foot plot, with a plot ratio of 2.1. It is located near Lakeside MRT and offers unobstructed views of Jurong Lake. KSH Holdings will hold a 99-year leasehold on the development.

The development is owned by KSH Holdings, one of Singapore’s largest property developers. The firm has experience in a range of sectors, including residential, industrial, mixed-use, and commercial. It is currently one of the most active developers in the city, with a pipeline of new projects in prime locations.

KSH Holdings owns 50 per cent of the Yuan Ching Road condominium, which is located on Yuan Ching Road. It is expected to cost more than SG$260 million when fully developed. It is expected to be financed through a joint venture between KSH and CEL Development, which will raise the funds internally and through external borrowing.

SingHaiyi

The Sing Haiyi Group and Chip Eng Seng Corporation have successfully bought the former Park View Mansions. These developers will be redeveloping the site into a condominium complex with up to 440 units. The property will be located near several MRT stations and is a short drive from major highways. It is also close to local educational institutions. The property is situated on a 17,834.8 square metre site. It is expected to be completed by 2022.

The former Park View Mansions condominium is set to relaunch at a $320 million reserve price. This is based on the fact that the property has a 2.1 plot ratio and could produce 440 units. The new owners will probably sell off some units, but will retain the majority of the property value. Construction work on the project is expected to start in Q3 2019.

SingHaiyi Yuan-Ching Road Condo Former Park View Mansions will be located in a prime area near Lakeside MRT station and Jurong Lake District. The project will feature three and four-bedroom apartments, each with an unobstructed view of Jurong Lake. Additionally, the project is a short walk from the Lakeside MRT station.

Chip Eng Seng

Yuan Ching Road Condo is a new development in the vicinity of Lakeside MRT Station. You can download the brochure for more information, including floorplans, video and gallery. You can also visit the showflat. There are several amenities in the vicinity, such as a swimming pool and gym.

The park view mansions were first put up for collective sale at $320 million in March 2018. They are located near major shopping malls, primary schools, and public transport. The site has about 191,974 square feet of land, making it an ideal location for future development.

The enbloc at Yuan Ching Road is the latest in Jurong. It has a permissible plot ratio of 2.1. The units are approximately 1,119 square feet in size. Besides being close to the Lakeside MRT station, the enbloc is located within walking distance to the lake.

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