Yuan Ching Road New Development by Chip Eng Seng and SingHaiyi Developer

Yuan Ching Road is a new development located at Jurong West, on Lentor Mansion the site of the former Park View Mansions. It offers a range of food establishments and is the perfect place to call home. In addition, it is located in a prime location, just minutes away from the city.

Yuan Ching Road

If you are considering a new condo in the Jurong West area of Singapore, you may want to check out the Yuan Ching Road New Development by Chip Eng Seng and SingHaiyi Developer. This new project will offer 440 units with an eco-friendly design and thoughtfully curated facilities. The project is conveniently located close to the Jurong Point MRT station and is close to major institutions and hospitals like the Nanyang Technological University, Jurong Polyclinic and Jurong General Hospital.

ERA Realty Network’s managing director for investment sales Tay Liam Hiap said the new project is a great opportunity for investors. It will offer unobstructed views of Jurong Lake, as well as an excellent location near the Lakeside MRT station.

Former Park View Mansions

Park View Mansions, which are located at Yuan Ching Road, are up for sale. The former Park View Mansions are being sold for $80 million. The developer of the new development will turn the former Park View Mansions into 440 residential units. The project will be located near Jurong Lake District and Lakeside MRT station.

The property is near several MRT stations and is a few minutes away from major highways. It is also close to local schools. The development is set on 17,834.8 square metres. Approximately 440 units will be built.

Location

The Yuan Ching Road condo is located in Jurong Lakeside District. This Lumina Grand EC district is known for its greenery and is surrounded by lakes, parks, and other natural attractions. Nearby is the Jurong Bird Park, Chinese Garden, and Japanese Garden, and it will soon be home to a world-class science centre. It is also very near the High Speed Rail terminus.

This development is situated near a number of other developments, including Lakeside Towers and Parkview Mansions. These are all positioned close to each other, and the area is highly accessible by car. A number of schools and cultural institutions are also within the vicinity of the new development.

Price per square foot

If you are looking for a new home in Jurong West, you might consider the recently launched Yuan Ching Road development. This development is located near the Lake Side MRT station and features a variety of amenities. It is also near the Lakeside Apartments and Lakeside Towers, two other developments in the area.

Several reasons are behind the high price tag. One of the reasons may be that the prevailing supply and labour shortages have contributed to higher costs. Another factor could be the macroeconomic uncertainties. Nonetheless, Chip Eng Seng believes that it is prudent to manage risks, particularly in the current scenario. The price of the landed plots in Park View, a development in Jurong West by Chip Eng Seng, stands at S$1,023 per sq ft, per plot ratio.

The joint-tendering group intends to sell the landed estate in a joint venture, with each partner having a 40 per cent stake in the project. The joint-tenders paid S$100,000 as tender fee and will use the rest for the development of the project. The development is expected to have a gross floor area of up to 403,145 sq ft and is near Lakeside MRT station.

Future plans

The Government’s latest master plan for the Jurong Lake District (JLD) reveals the future plans for the area. The area will eventually be connected to other parts of the city with four main rail lines by 2030. The plan also calls for the EC Yuan Ching Road to be transformed into a transportation hub.

Park View Mansions enbloc in Jurong is a recent example of this type of development. The enbloc comprises four 10-storey residential blocks with 160 units. They will have unobstructed views of the Jurong Lake and will be situated within easy reach of the Lakeside MRT station.

The development is located next to Jurong Lake and is accessible by AYE and PIE. Its proximity to the lakeside MRT station makes it an excellent choice for residents who want to live in a prime location but still be close to city life.