The Yuan Ching Road Condo Former Park View Mansions Enbloc Has Been Sold

The Yuan Ching Road Condo Former Park View mansions enbloc is now sold to a Chinese investor named Wing Tai. The developer has plans to knock down the current Lakeside Apartments and build a new 24-storey condo with over 300 units. The new development should be well-positioned to benefit from the Jurong Lake District’s improvements, which are aimed at transforming it into a new tourism and commercial hub.

Chip Eng Seng

A group of Singapore developers has taken a stake in a collective sale site in Yuan Ching Road. The company owns 50 percent of KSH Holdings and has plans to redevelop the former Park View Mansions for more than S$260 million. The acquisition is to be financed through internal funds and external borrowing.

The project is located near several MRT stations, the one-north regional hub, Jurong regional hub, and is near various educational institutes. It covers a land area of 17,834.8 square metres and developers plan to build 440 units in total.


Chip Eng Seng, who owns 50 percent of KSH, is planning to redevelop the former Park View Mansions site. The redevelopment will cost more than SG$260 million, which will be financed through internal funds and external borrowings. The site currently contains about 160 units and is a 99-year leasehold.

The joint tenderers plan to form a joint venture to purchase the property, with each party holding 40% of the project. The joint venture will invest the remaining funds to build the project. The site is near the Jurong Lake District and Lakeside MRT station. The property is zoned for residential use. The total gross floor area is expected to be up to 403,145 square feet.


Park View Mansions is one of the newest enblocs in Jurong. Located along Yuan Ching Road, it offers a total land area of 17,834 square metres and a plot ratio of 2.1. The enbloc was listed for collective sale last month but failed to raise 80 per cent of the funds. However, the price of the units has dropped by 30% since then. If you are interested in purchasing one of the units in this development, consider your options carefully and be prepared to pay more than S$260 million.

The Park View Mansions has 99-year leases and a difference premium for the plot ratio. The new project offers unobstructed views of Jurong Lake and is within walking distance of the Lakeside MRT station.

KSH Holdings

KSH Holdings has announced that it has acquired the former Park View Mansions, an enbloc development in Singapore’s CBD, for $260 million. The property was sold through a collective sale conducted via a public tender. It was built in the 1970s and sits on a total area of 191,974 square feet. The project is expected to have 440 units.

The joint tender was won by KSH Holdings, a property developer with 50 percent interest in the development. Chip Eng Seng, who owns KSH Holdings, plans to redevelop the former Park View Mansions. The development will cost more than SG$260 million, and is expected to be completed in four to five years. KSH plans to finance the acquisition with internal funds and external borrowing.

CEL Development

A 99-year leasehold condominium at Yuan Ching Road in Jurong has gone on the market. Its former owner, Chip Eng Seng Corporation, has sold it for $260 million, forming a joint venture with CEL Development, Sing-Haiyi Pearl, and TK 189 Development. CEL Development is a wholly-owned subsidiary of Chip Eng Seng Corp, and Sing-Haiyi Pearl is a 50:50 joint venture between Haiyi Holdings and SingHaiyi Group. TK 189 Development is a partnership firm with KSH Holdings and the Ho Lee Group.

The site has an allowable gross plot ratio of 2.1, meaning that 440 dwelling units could be built on it. The owners hope to generate $320 million from the collective sale, or $1,183 per square foot (ppr). The developer is planning to invest $157 million to intensify the land and top up the 99-year lease.

Jurong Lake District

The Yuan Ching Road Condo Former Park View Mensions Enbloc in Jurong is one of the newest enblocs in Jurong. It has a plot ratio of 2.1 and a land area of 17,834 square meters. Last month, the enbloc was put up for collective sale. However, the developers did not raise the required funds. As a result, the price of the enbloc has declined by almost 30 percent. Still, buyers are likely to get a high premium compared to the individual units.

Yuan Ching Road is located near the Lakeside MRT station. It is close to various amenities, such as Jurong Point and Jurong East Market. There are also nearby educational institutions, including Nanyang Technological University and Jurong Junior College. It is also close to several health facilities, such as Jurong Polyclinic, Jurong Medical Centre and Jurong General Hospital. Therefore, living in Yuan Ching Condo would be a great choice for those who want to enjoy the best of urban living.

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