A Successful En-Bloc in Chancery Court
Walking distance to Newton MRT Station
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Chancery Court, a former HUDC (Housing and Urban Development Company) was sold in a collective sales in the 2nd quarter of 2018 for S$401.78 million. The winning bid for this Dunearn Road site translates to a land price of about S$1,610 per square foot per plot ratio (psf ppr), after factoring in a differential premium and lease upgrading premium of some S$182.4 million. This is to redevelop the site to a gross plot ratio (GPR) of 1.4, based on the maximum permissible gross floor area (GFA) of 362,788 sq ft, and to top up the lease to a fresh 99 years.
Chancery Court estate comprises a 16-storey tower block and seven blocks of four-storey walk-up maisonettes on a site area of approximately 259,134 sq ft.
New Condo at Dunearn Road, former site of Chancery Court, is approximately 500 m away from Newton North South Line Station. Come 2021, residents will be able to enjoy fast and efficient travel when the Orchard Interchange Station, which is just 1 train station away, has its Thomson Line up and running. This provides its future residents a conduit of convenience when commuting to downtown Singapore and also parts of the island. New Condo at Chnacery Court is just minutes’ drive to Orchard Shopping Belt and 6 minutes’ drive to Shenton Way. It is also well linked to the CTE and the PIE which allows fast and efficient driving to various parts of the island.
New Condo at Dunearn Road, will be a favourite for families with school going children as it is near to various reputable and esteemed schools such as Anglo-Chinese Primary School, Singapore Chinese Girls’ School, Anglo-Chinese Junior School, St. Joseph’s Institution Junior, Saint Margaret’s Primary School, Anglo-chinese School (Barker Road), Raffles Girls Secondary School, St. Joseph’s Institution. Post secondary school also include the famous Catholic Junior College and National University of Singapore at Bukit Timah Campus.
There are also a number of International schools that are near New Condo at Dunearn Road i.e. the Korean Church Kindergarten, the Chinese International School, the Italian Supplementary School, the Chatsworth International School at Orchard Campus, International School Singapore (ISS) at Paterson Campus, Finnish Supplementary School, Overseas Family School and Swedish Supplementary School. New Condo at Dunearn Road will be one of the favourite developments when it comes to rental for expat families.
When it comes to getting their retail, dining, leisure and entertainment options, New Condo at Dunearn Road future residents can also head down to Orchard Shopping Belt which is less than 1 km way. Some of the nearby shopping malls include Balmoral Plaza, Far East Plaza, DFS Galleria Scottswalk, Pacific Plaza, Shaw Centre, Orchard Towers, Scotts Square, Palais Renaissance, Shaw House, Delfi Orchard, Tangs Plaza and Forum The Shopping Mall. Future residents also will be able to enjoy the local delights at the nearby famous Newton Food Centre and Pek Kio Market and Food Centre where many famous local hawker stores are located.
Singapore Botanic Gardens, which is within a short drive from new condo at Dunearn Road, will be able to offer pockets of greenery, jogging track and various outdoor activities for New Condo at Dunearn Road at former site of Chancery Court's future residents. New Condo at Dunearn Road future residents can also take their dogs for a walk there. For its future residents whom wishes to indulge for the game of golf, the Tanglin Golf Course is just a short drive away from Goodwood Grand. Other prestigious clubs such as The Pines Club, The Tanglin Club, The American Club, Raffles Town Club, Celebrities Resort Club and The Singapore Polo Club which provides lots of recreation facilities are just minutes’ drive away.
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Project | New Condo at Dunearn Road, former site of Chancery Court |
Developer | To be announced |
Location | Dunearn Road |
District | 11 |
Tenure | 99 years leasehold |
Site Area | 24,074 square metres/ 259,134 square feet |
GFA: | |
Plot Ratio | 1.4 |
Expected TOP: | |
Total Units | Approximately residential apartments |
Total Carpark | |
Development | Private condominium comprising of communal facilities |
Unit Type: | |
Architect | |
Eligibility | SC, SPR and Foreigners can buy |
The Facilities and Site plan of new condo launch at Dunearn Road are currently seeking approval from relevant authorities.
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CHANCERY Court, a privatised HUDC estate across the road from Anglo-Chinese School (Barker Road), has fetched S$401.78 million in a collective sale tender or 6 per cent higher than its reserve price, its sole marketing agent OrangeTee Advisory said on Thursday.
The identity of the buyer was not disclosed.
The winning bid for the Dunearn Road site translates to a land price of about S$1,610 per square foot per plot ratio (psf ppr), after factoring in a differential premium and lease upgrading premium of some S$182.4 million. This is to redevelop the site to a gross plot ratio (GPR) of 1.4, based on the maximum permissible gross floor area (GFA) of 362,788 sq ft, and to top up the lease to a fresh 99 years.
The estate comprises a 16-storey tower block and seven blocks of four-storey walk-up maisonettes on a site area of approximately
259,134 sq ft.
The owners of the 136 apartments and 8 commercial units stand to receive a gross sale proceeds of S$1.8 million to S$3.5 million and S$934,000 to S$4.7 million respectively.
The 99-year leasehold site in prime District 11 is also a five-minute walk to Newton MRT station, near landed estates and Good Class Bungalows, within 1km of St Joseph's Institution Junior and less than 2kmof Singapore Chinese Girls' Primary School.
Subject to authorities’ approval, the site can be redeveloped into a 5-storey residential development with a maximum of 481 units, based on average size of 70 square metres, said OrangeTee Advisory.
"A pre-application feasibility study on traffic impact was commissioned by us and it has provided certainty to developers during the bidding process," said the firm.
It added that the recent collective sale sites sold along Bukit Timah Road, Dunearn Road and Balmoral Road have exhibited developers’ confidence in the prime locality.
With the sale of Chancery Court, only five of 12 former HUDC estates remain for now - Ivory Heights, Pine Grove, Laguna Park, Braddell View and Lakeview. All five are in various stages of the collective sale process.
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