Table of Contents
ABOUT THE EN BLOC SALES
Brookvale Park is a contemporary residential development in District 21. This 160-unit residence is built back in 1983 and has since served an exemplary home service to its current occupants. It was put into a collective sale and has since attracted the attention of various developers.
The en bloc site is comprised of a residential building with various enjoyable facilities that have to provide the utmost comfort and joy to its then-current residents. It has a site area of 373,008 square feet with a gross plot ratio of 1.6 based on the 2014 Master Plan.
The en bloc sale which has been concluded is acquired by a joint venture of Sunway Developments and Hoi Hup Realty. The sale closed at a $530 million deal for this iconic property. It was approved by 80% of the current unit owners.
Hoi Hup Realty’s chairman said that this has been one of the biggest joint venture done by the company for the past 11 years they’ve been partnered with Sunway Developments.
According to the site’s marketing agent, JLL, the unit owners will receive an amount ranging from $2.5 to $4.4 million each. The amount of $26 million will then be for the land development.
This 999-year leasehold property provides a great potential once it is redeveloped into a modern residence.
BROOKVALE PARK LOCATION
Brookvale Park is addressed at Brookvale Drive in District 21. This property is close to shopping malls and food centers that provide a fantastic leisure and dining services. Some on the list are Nature Cafe, The Clementi Mall, Chin Huat, West Coast, Plaza, Ghim Moh Market & Food Centre and Star Vista Mall.
Numerous schools are also within reach. These schools have the ability to provide the best educational service to its students. Commended for their excellent faculty, schools like Henry Park Primary School, Singapore Polytechnic, ACS International, Nexus, Nan Hua High School, Ngee Ann Polytechnic and SIM Global Education.
With the nearby amenities present, there is an excellent chance to gather a high rental yield for the future development.
Parks and other recreational hubs such as Sunset Way Park, The Rainforest, Temasek Club, Bukit Batok Nature Park and Amped Trampoline Park-Jurong. These provide an excellent place to unwind and get relaxed.
The area is also known to be a home to various private residential developments in the district.
MODE OF TRANSPORT
- King Albert Park
- Pan Island Expressway (PIE)
- Clementi MRT
NEARBY AMENITIES
- Ngee Ann Polytechnic
- West Coast Vale
- Bukit Timah Nature Reserve
- Clementi Mall
POTENTIAL OF THE SITE
The site of Brookvale Park is known for a number of iconic private residences in the District. This is a perfect spot to develop a luxurious residence that will soon be a notable sight to the area. The developers who have acquired the site plans to redevelop the area into a residence that will surely be inviting to the eyes of property-seekers.
The future development will have a fantastic clear view of the neighbouring estates and luscious greenery. An enjoyable sight to view with.
According to JLL, the Brookvale Park’s tally on collective sale for the past years have exceptionally surpassed with an unmistakable momentum on the market.
With its location along the various amenities, and within a few minutes drive from the Orchard Shopping District and Central Business District (CBD), there is a great opportunity for Brookvale Park to deliver a powerful sale once the new development is launched.
There is an estimated high interest from property-seekers and investors as well as the site has been a great home to an iconic development.
The traffic is good and is well connected by a network of major roads and MRT stations which makes Brookvale Park accessible in and out the district. A great capital appreciation will also be achieved as the market track for the previous development had shown.
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Brookvale Park
Brookvale Park is a contemporary residential development in District 21. This 160-unit residence is built back in 1983 and has since served an exemplary home service to its current occupants. It was put into a collective sale and has since attracted the attention of various developers.
Product SKU: Brookvale Park
Product Currency: SGD
Product Price: 530000000
Product In-Stock: InStock
