Kingsford and MCC Land behind $890 mil bid for Chuan Park in biggest en bloc deal of 2022 so far
Market supposition has been swarming that Kingsford is Orchard Boulevard Residences Condo the purchaser of Chuan Park considering that it fully sold all 1,862 devices at Normanton Park as at end June. And this was achieved in just 18 months given that its launch in January 2021
The brand-new get cost of $890 million is simply 5% below the initial cost of $938 million. The initial cumulative sale attempt made by the owners of Chuan Park was on Oct 5, 2021, at $938 million. This latest collective sale attempt was a relaunch at the same asking rate of $938 million, with a tender The Myst CDL that closed on April 26. This was followed by a 10-week private treaty period that closed on June 26, throughout which an expression of rate of interest from a programmer was received.
Now that Normanton Park is fully offered, Kingsford has simply another upcoming …