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ABOUT THE EN BLOC SALES
How Sun Park en bloc is one of the finest and in-demand plot in the area. It was listed on the 2nd Half of the year 2017 Collective Sales. The property was put on sale at a reasonable reserve price of $70 million, making it potentially attractive to bidders. The plot has been a home to the How Sun Park which is comprised of 20 townhouses and has a freehold tenure.
The plot was eyed by various developers but they were topped off by the SingHaiyi Group Ltd with a fair bid of $81.09 million or equivalent to about $1,092 psf ppr. With the site’s acquisition, SingHaiyi Group Ltd has come to its second plot around the Hougang area together with the Sun Rosier en bloc.
The How Sun Park en bloc has been on two previous collective sales but has failed to be sold. It attracted various developers due to its appealing reserve price. The plot measures 54,942.7 square feet and is zoned as residential with an allowable building height of 5-storeys. The price of the bid includes a $2.92 million development charge.
HOW SUN PARK LOCATION
How Sun Park is located at How Sun Avenue in the District 19, Singapore. Within the area are different businesses that provide the services needed by the inhabitants of the surrounding neighborhood. Schools like St. Gabriel’s Secondary School, Paya Lebar Methodist Girls’ School, Bethel Preschool, Maris Stella High School, and Bartley Secondary School.
The nearby area flourishes with various shopping malls and an array of supermarkets for the different shopping needs and freshest grocery items. Enjoy shopping in a variety of shops at malls like Macpherson Mall, ICB Shopping Centre, Hougang Mall 1 and Upper Serangoon Shopping Centre. You can grab your favorite grocery items at the nearby supermarket like Prime Supermarket, Cold Storage, and Giant Express. The vicinity is also surrounded by a great number of dining amenities such as Saturday House, Char Sticks & Grill, Geylang Prawn Noodle and The Boiler.
To ensure that the residing community can easily reach the different destinations easily, bus and MRT stations are within a few meters away. Some of the stations you’ll find are Bartley MRT, Bartley Station (Bus: 28, 93, 129, 158), Serangoon MRT and Woodleigh MRT among the few. The surrounding routes like Central Expressway (CTE), Upper Paya Lebar Road, Upper Aljunied Road and Macpherson Road are available to get you to your far chosen destination around the country.
MODE OF TRANSPORT
- Bartley MRT
- Woodleigh MRT
- Central Expressway (CTE)
- Clementi Road
- Upper Serangoon Shopping Centre
- St. Gabriel’s Secondary School
- NEX Shopping Centre
- Cedar Girls’ Secondary School
POTENTIAL OF THE SITE
The site of the How Sun Park has an excellent site area which measures a wide 54,942.7 square feet. The plot which has been listed in the 2014 Master Plan as residential zone can potentially be a home to a 5-storey residence where the future residents can enjoy the luxury haven that will soon rise on the site.
The plot that has successfully sold on its third attempt on the collective sale was acquired by the SingHaiyi Group Ltd. The site will house a diverse type of units that and is expected to be priced at a very competitive range that will attract buyers and investors.
The site has a good chance to obtain a high rental yield as it is within the immediate distance to a number of conveniences that are essential for the daily activities of a diverse type of residents. Schools, shopping malls as well as medical institutions are readily accessible to the future inhabitants.
This ensures a good potential of possible ROI within a brief span of time which is great for the property-investors. Property-seekers will have a home that is truly worthy of their money.
HOW SUN PARK NEW CONDO REGISTRATION OF INTEREST
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