Completed in 1994, Bishan Park Condo is a twenty-eight year old Singapore Condominium that has recently been released for en-bloc sales by its owners. This development is situated along Sin Ming Walk in the Bishan housing estate. The development is made up of five towers of 10 storey tall. Currently there are 320 residential apartments inside the development. The land of the development measures 268,796 sq ft in size and has a plot ratio of 2.1.
Situated in District 20, Bishan Park Condo is also a highly sought after developments due to its location in a mature estate and its proximity to several established schools such as Ai Tong Primary School, Catholic High School, Raffles Institution, Ang Mo Kio Primary School and CHIJ St Nicholas Girls’ School. It is also located within 5 minutes’ walk away from Bright Hill MRT Station and is just a short drive away to the city centre. The Bright Hill MRT Station is part of the Thomson-East Coast Line and will also be an interchange station for the Cross-Island Line when it starts operating in 2029.
Bishan Park Condo is also surrounded by recreational facilities such as Ang Mo Kio – Bishan Park. It is also just minutes away from the popular Upper Thomson Food Enclave. Nearby shopping malls include Junction 8 and Thomson Plaza.
With a remaining lease of seventy one years, the owners of Bishan Park Condo are aiming to sell this huge piece of land at approximately $680 millions and above. It is estimated that the developers who will be buying over the land will have to spend at least another $70 million dollars for the premium to intensify the land use and top-up the tenure to 99 years. The selling price of the land translates to approximately $1,122 psf ppr.
It is estimated that if the deal goes through successfully, the owners of each residential unit will get to receive a sales proceed of at least $1.9 million.
Do visit the website page below for more information regarding the collective sales of Bishan Park Condo,
https://www.straitstimes.com/business/property/bishan-park-condo-up-for-collective-sale-with-owners-expecting-680m-to-688m
Jadescape (Shunfu Condo) is another new launch condo that is nearby that has went through a collective sales.
