Singapore has consistently maintained its position as a global frontrunner, even amid the pandemic and worldwide uncertainty. In the first half of 2021, real estate investment activity surged—doubling from the previous year with a 97% increase. The government’s measured and systematic approach in managing COVID-19 is a key reason Singapore continues to be one of the most desirable places to live, work, play, and invest.
Through prudent fiscal measures such as calibrated lending limits and stamp duties, the property market has remained resilient—avoiding any major downturn. Instead, home prices have steadily appreciated, reinforcing Singapore’s reputation as a safe and rewarding investment destination with strong mid- to long-term prospects.
The buy-to-let segment is also expected to perform well as the nation’s economy continues to expand and diversify, attracting both global talent and regional investors. Additionally, Singapore’s established reputation as a medical and educational hub for ASEAN further enhances its property investment appeal.
Buying “Off-Plan” Properties in Singapore
Purchasing property under construction—commonly known as “off-plan”—is a well-regulated and widely accepted practice in Singapore. Buyers can invest with confidence, as stringent legislation ensures comprehensive protection.
Developers building more than four units must be licensed and follow prescribed sales processes, including standardized contracts. Payments are made progressively, based on a fixed schedule, and only after certification by a qualified architect confirming the completion of each construction phase.
All funds are deposited into a regulated project account held by an approved bank, safeguarding buyers’ money. Developers are also bound by deadlines to obtain the Temporary Occupation Permit (TOP)—which allows buyers to occupy or rent out their units—and to issue the title deed, transferring legal ownership.
It is rare for completed developments in Singapore to deviate from their approved building plans. However, any discrepancies are detected during government inspections. If a unit’s final size is more than 3% smaller than stated in the contract, buyers are entitled to a price adjustment on a per-square-foot basis. Furthermore, developers are required to rectify any defects that surface within 12 months of possession.
These robust safeguards make buying “off-plan” property in Singapore a secure and appealing investment option.
Chuan Park: A Landmark of Luxury and Connectivity
One such exceptional “off-plan” opportunity is Chuan Park — formerly known as Chuan Park Residences / Chuan Park en bloc — an iconic redevelopment by Kingsford Group located in the heart of Serangoon, District 19.
Set on the expansive 400,588 sq ft site of the former 446-unit Chuan Park condominium, this new development will feature approximately 916 thoughtfully designed units across two 19-storey towers and three 22-storey blocks. Every residence has been meticulously planned to create a tranquil retreat infused with modern sophistication.
Boasting full condominium facilities, north-facing units enjoy unblocked views of surrounding landed estates. Amenities are expected to include a swimming pool, gym, landscaped gardens, BBQ areas, and multiple leisure zones—catering to both relaxation and recreation.
Unmatched Convenience and Lifestyle
Perfectly positioned right next to Lorong Chuan MRT Station on the Circle Line, Chuan Park offers seamless connectivity to the rest of Singapore. The Serangoon Bus Interchange and NEX Mall are less than a 10-minute walk away, while the vibrant Serangoon Gardens—home to beloved hawker fare and trendy cafés—is just minutes by car.
Families will appreciate the abundance of reputable schools nearby, ensuring convenient daily commutes. Shopping enthusiasts will find themselves surrounded by retail options—from nearby Junction 8 and NEX to iconic malls like Plaza Singapura, ION Orchard, and Ngee Ann City in the city centre.
A Modern Haven for Every Lifestyle
At Chuan Park, every detail has been designed to elevate daily living. The grand arrival lobby welcomes residents with a sense of prestige, while a variety of themed zones offer spaces for both active and leisurely pursuits.
Fitness enthusiasts will find well-equipped gym areas and open-air spaces for workouts and recreation. Nature lovers can enjoy serene walking trails surrounded by lush greenery—perfect for unwinding after a long day.
This upcoming development promises a holistic living environment that balances comfort, nature, and modern design. More detailed information about Chuan Park’s final features will be announced upon the official developer’s release.
Prime Location, Seamless Connectivity
Nestled in a peaceful enclave along Lorong Chuan, District 19, Chuan Park enjoys proximity to both tranquility and convenience. With Lorong Chuan MRT, Serangoon Interchange, and major expressways like CTE and PIE just minutes away, residents can reach any part of Singapore with ease.
Nearby neighborhoods such as Serangoon Gardens, Bishan, and Kovan provide a wealth of dining, retail, and community options—ensuring that every lifestyle need is within easy reach.