Chuan Park is an upcoming private residential development that is located in the Serangoon estate which is located in the North East Region of the island. The land parcel is in the intersection of Lorong Chuan and Serangoon Avenue 3. Towards its east frontage will be Goldenhill Park Condominium ans Mei Hwan Drive Playground. The west frontage of the development will be facing Chuan Village HDB estate and its south frontage will be facing The Scala and The Springbloom.
The site of Chuan Park has previously belonged to the Chuan Park, a condominium development that was completed in the 1980s. It comprised of 444 private apartment and 2 strata titled commercial units. This leasehold development had its 99 years’ lease started running from June 1980. Chuan Park was first put up for sale in the enbloc market in October 2021 with a price tag of $938 million. The unsuccessful attempt led to the owners putting up in the market for a second attempt in April 2022. There was a 10-week period for private treaty after the closing of the tender in 26th of April which a real estate developer had submitted its express of interest.
The land parcel eventually had a successful acquisition by July 2022. The winning bid was at $890 million which was much lesser than its asking price. The entire plot size of Chuan Park is estimated to be around 400,588 square feet and has a gross plot ratio of 2.1.
The Serangoon estate itself has a total of 7 sub-estates which comprises of the industrial park at Serangoon North, Seletar Hillls, Serangoon North, Serangoon Gardens, Upper Paya Lebar, Lorong Chuan and Serangoon Central. Back in the start of the 19th century, the Serangoon estate was first settled by the traders of Tamil Muslims which crafted their trades in the cattle industry and brick kilns situated here. Although the brick kilns industry had ceased during the 1860s and in 1936 the removal of the cattle farms, many of the cultures from the Indian Muslims still lingered in this estate. Today, Serangoon houses the vivid enclave of the “Little India” with most of the residents here being Indians.
The locality of this neighbourhood which is very centralized and also the convenience of its public transportation system which is served by many bus routes as well as MRT service lines, this makes it a sought-after location for a lot of home buyers. This estate is also home to many primary and secondary schools as well as tertiary education institutions which makes this location one of the top choices for family living.
The Serangoon estate is a well-established residential enclave and has about 70,000 residents. It is home to some of the most popular and biggest suburban retail malls in Singapore. For food lovers, this neighbourhood also houses numerous well-known cafes and eateries and also the traditional food centres that will be able to fulfil any type of gastronomy craving.
With its comprehensive transportation network that is readily available, the availability of healthcare and education facilities, the presence of numerous amenities and coupled with the pleasant mix of comforts of contemporary retail with culturally and local lush retail experiences, it is no doubt this neighbourhood is a vibrant and interesting estate to be living in. This neighbourhood is very popular with expatriates and residents alike. The property in the estate is still relevantly affordable which its appealing for singles, professionals, families and couples who are looking for their forever homes.
Gathering from the past real estate transactions, the private non-landed residentials have shown that its resistance during the downturns of real estate market for the past. From the 2007 financial crisis to the various rounds of rh property market cooling measures that were introduced by the government, the prices of the private non-landed housings here in terms of per square foot has demonstrated little fluctuations. Prices of these properties here has stay constant relatively although the robust forces which should be bringing it down. From this standpoint, the properties in Serangoon estate might be on one of the choices for real estate investors as well as home buyers who long for price stability and capital preservations.
When it comes to future capital appreciation of the private properties here, it might not be suitable for speculators as they might not experience huge spike in prices for the near future. The Serangoon estate has majority of its land comprising of residential zones according to the Master Plan. When there are more zones in an estate for commercial purpose and especially large, the site will be mostly likely be developed into an office block or a retail mall. If it is being developed into a shopping mall, the prices for the surrounding residential properties might experience a spike in their prices as they are often found to be correlated positively as there will be an increase in the number of amenities.
The Serangoon estate might not have rapid transformation in the impending future as compared to other high-growth districts such as Jurong East and Bishan, but it is certainly one of the more prudent districts for investment with the price resiliency and the amount of amenities that are available.
Shopping Mall Nex – 0.9km myVillage at Serangoon Garden – 1.5km The Woodleigh Mall – 1.6km Junction 8 Shopping Centre – 1.7km
Kindergarten Pre-School By-the-Park – 0.3km Mindchamps Preschool @ Serangoon – 0.3km Kindercampus – 0.4km My First Skool (306 Serangoon Ave 2) – 0.4km Camelot International Infant Care – 0.5km Bethesda Kindergarten (Bukit Arang) – 0.5km Shaws CDLC @ Braddell Heights – 0.5km Shaws CDLC @ Lorong Chuan – 0.6km PCF Sparkletots Preschool @ Braddell Heights Blk 246 – 0.7km Little Shepherds’ Schoolhouse @ Church of St Francis Xavier – 0.7km
Primary School St. Gabriel’s Primary School – 0.3km Chij Our Lady Of Good Counsel – 0.6km Yangzheng Primary School – 0.6km Kuo Chuan Presbyterian Primary School – 1.0km Townsville Primary School – 1.4km First Toa Payoh Primary School – 1.6km Pei Chun Public School – 1.9km Maris Stella Primary School – 2.0km
Secondary School Zhonghua Secondary School – 0.8km Kuo Chuan Presbyterian Secondary School – 1.0km Peicai Secondary School – 1.1km St. Joseph’s Institution – 1.2km Chong Boon Secondary School – 1.5 km St. Gabriel’s Secondary School – 1.5km Guangyang Secondary School – 1.7km Beatty Secondary School – 1.7km Maris Stella High School – 2.0km
Junior College Nanyang Junior College – 0.3km
Tertiary Curtin University of Technology – 3.0km
International School Australian International School – 0.7km Stamford American International School – 1.7km
Food Centre Serangoon Garden Market – 1.3km Chomp Chomp Food Centre – 1.4km 409 AMK Market & Food Centre – 1.5km Woodleigh Village Hawker Centre – 1.6km Toa Payoh Lorong 8 Market & Food Centre – 1.7km Chong Boon Market & Food Centre – 2.0km
Lifestyle PUB Recreational Club – 1.1km Serangoon Stadium – 1.3km Bishan Stadium – 1.5km MRT Sports & Recreation Club – 1.6km Serangoon Gardens Country Club – 1.6km
Highlights of Chuan Park
Transport Network Future residents of Chuan Park will find that they will be close to anything they will need. The pleasures of life completely well within their reaches. Chuan Park is just next to the Lorong Chuan MRT Station and future residents will not need to worry about rain or shine for their commuting. This fully undergrounded MRT station is completed in 2009 and has been serving the MRT Circle Line.
The MRT Circle Line is of medium capacity and serves 30 MRT stations with 3 more new MRT stations in the pipeline for its extension. It is approximately 35.5 km in length as of 2022 and will add 4 km to its service route once the 3 MRT stations have been completed. The MRT Circle Line is running an incomplete loop currently from the Harbourfront MRT Interchange Station that is located in the Southern part of the island via the Bishan MRT Interchange Station located in the Central areas to the Dhoby Ghaut MRT Interchange Station that is located in the city area. With the completion of the 3 new MRT Station, i.e. the Prince Edward Road MRT Station, the Keppel MRT Station and the Cantonment MRT Station, this will close up the loop that is currently incomplete. With this additional extension, it will cut down the traveling time dramatically from the current both ends of the MRT line and bring greater conveniences to its passengers.
The route of the MRT Circle Line begins at the Dhoby Ghaut MRT Interchange Station which also serves the MRT North East Line and the MRT North South Line. It heads east and parallel to the Raffles Boulevard and joins up with the Promenade MRT Station extension. The MRT service line continues to head north in the direction of east going below Kallang Basin. The MRT service line parallels the Stadium Boulevard at the Stadium MRT Station and continues moving north to the Paya Lebar MRT Interchange Station and the Tai Seng MRT Station. It then curves and move in the west direction to the Bartley MRT Station and the Marymount MRT Station, the Serangoon MRT Station and the Bishan MRT Station. It the passes Bukit Brown which is situated between the route from the Caldecott MRT Station and the Botanic Gardens MRT Station and continues towards Kent Ridge MRT Station. It then curves towards the east and moves parallel to West Coast Highway to terminate at the Harbourfront MRT Interchange Station.
For future residents of Chuan Park., they just need to travel 1 MRT Station towards the direction of the Dhoby Ghaut MRT Interchange Station to arrive at the Serangoon MRT Interchange Station where future residents can easily transit to the MRT North East Line available there. The Serangoon MRT Interchange Station is also integrated with the Serangoon Bus Interchange were numerous of bus services can be found there. The Lorong Chuan MRT Station is also 1 MRT station away from the Bishan MRT Interchange Station which is in the direction towards the Harbourfront MRT Station. The Bishan MRT Interchange Station is also running the MRT North South Line and it is conveniently located close to the Bishan Bus Interchange where future residents can also access to numerous bus routes.
For drivers, the development is approximately 18 minutes’ drive away from the Central Business District. It is also less than 15 minutes of driving for future residents to get down to the Orchard Shopping Belt. The site of the development also enjoys easy accessibility to major expressways such as the Kallang Paya Lebar Expressway, the Pan Island Expressway and the Central Expressway. This extensive coverage in its road network is certainly very appealing to many property buyers and for them, it is a breeze to get to the downtown areas as well as various parts of the island from Chuan Park.
Amenities Chuan Park is approximately 600 m away or a mere 7 minutes’ walk away from Nex Mall. This retail and lifestyle destination is the biggest retail mall in the North East Region. It is a popular shopping haven for residents from its vicinity residential estates. The mall also has good catchment of visitors from other regions of the island as it offers patrons a plethora of dining, entertainment and shopping options. This retail mall has positioned itself as a recreational, social and vibrant hub for the community living in North East. Its eclectic blend of dining, entertainment and retail offerings include enduring likes such as Anytime Fitness, Fairpice Xtra, Cold Storage, and Isetan. The mall also houses a Public Library as well as the Shaw Theatres. As for fashion concepts, they include Kiehl and Laneige, M.A.C. Origins, Swarovski, Pandora, Sephora, Cotton On, Uniqlo and H&M. The rooftop of the mall will be a sky garden, a play area which has the playground and a park for the dogs. The kid’s playground comprises of wet and dry play equipment that are inactive with the children. The K9 Park is also the first dog park that is built in a retail mall in Singapore. The dogs are allowed into the park via lifts that are designated for them and unable to access to other parts of the mall.
The Serangoon estate is not just well-established and also self-sufficient as it has many amenities that will pertain to its residents’ daily needs. When it comes to getting fresh market produce and local hawker fares, future residents can head down to the Serangoon Avenue 3 Market and Food Centre that is just stone throw away. Other nearby options include the Serangoon Market and Hawker Centre and the Chomp Chomp Hawker Centre that are located in the popular rustic and laidback enclave, Serangoon Garden. These 2 food centres are no strangers to foodies all around Singapore and have sufficient options to satisfy anyone’s crave. They also have a few stalls that are featured frequently in famous food blogs. The Chomp Chomp Hawker Centre is one of the top options for food-lovers with many of its famous local delights and barbecued fares. Though it is not big in size, diners here will not be disappointed as it offers and astounding deal of good food.
Schools This neighbourhood is certainly one of the top choices for home buyers with school-age kids. As a matter of fact, Serangoon is also home to some of the most popular schools in Singapore. For those looking to invest, this will be also relevant as prospective tenants or buyers with kids that are of school-going ages might be willing to pay premiums if the development is just short walk from the desired schools.
Primary Schools that are within 1 km from Chuan Park include CHIJ Our Lady of Good Counsel, Kuo Chuan Presbyterian Primary School, St Gabriel’s Primary School and Yangzheng Primary School. Primary Schools that are within 1 to 2 km include First Toa Payoh Primary School, Maris Stella Primary School, Pei Chun Public School, Teck Ghee Primary School, Townsville Primary School and Zhonghua Primary School.
Secondary schools that are nearby include Zhonghua Secondary School, Kuo Chuan Presbyterian Secondary School, Peicai Secondary School, St. Joseph’s Institution, Chong Boon Secondary School, St. Gabriel’s Secondary School, Guangyang Secondary School, Beatty Secondary School and Maris Stella High School. The development is also close to Nanyang Junior College, Australian International School and Stamford American International School.
Chuan Park Factsheet
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