Kingsford and MCC Land behind $890 mil bid for Chuan Park in biggest en bloc deal of 2022 so far

Since Normanton Park is totally offered, Kingsford has just another upcoming development, particularly the 142-unit brand-new project at Slim Barracks Rise. It had won the site in a government land tender last September with a bid of $162.388 million ($ 1,210 psf per plot proportion).

Word on the street is that Chinese designers Kingsford Development and also MCC Land are the parties behind the $890 million offer for Chuan Park. Previously on July 15, a notice was sent out by the cumulative sale board chairperson of Chuan Park condo to all strata proprietors, announcing that a meeting will certainly be held on Monday, July 25 at 7.30 pm “to offer information concerning the cumulative sale”.

Market conjecture has actually been swarming that Kingsford is the buyer of Chuan Park given that it completely offered all 1,862 devices at Normanton Park as at end June. And also this was achieved in …