Former Chancery Court by Far East at Dunearn Road near Newton MRT and ACS
In 2018, Chancery Court (a former Housing And Development Urban Company) was sold for $401.78 million.
In its place, a posh new condo at Dunearn road will be built, and is currently scheduled for launch in the 2nd quarter of 2020.
Located at a premium location with entertainment, food and schooling options aplenty, the new condo at Dunearn road is an ideal place for both quality family living and investment.
Residents will also get to enjoy convenience at its finest. Just one station away from the upcoming Orchard Interchange Station in 2021, this centrally located new condo at Dunearn Road will provide easy access to all parts of the island.
It is also close to major expressways CTE and PIE, allowing residents to enjoy fast travel by both public transport and car.
As for schooling options, residents will be spoiled for choice.
The new condo at Dunearn road, former site of Chancery Court, is within 1km to Anglo Chinese Primary School and Anglo Chinese Junior School; and within 2km to St Joseph’s Institution, Singapore Chinese Girls School, Saint Margaret’s Primary School, Raffles Girls Secondary School, Catholic Junior College and National University Of Singapore.
Nearby malls include the plethora of shopping, entertainment and food options at the Orchard shopping belt (less than 1km away). Popular malls like Plaza Singapura, Shaw House, Far East Plaza and many others are within close proximity.
In addition, residents can enjoy delightful hawker fare at the nearby Newton Food Centre and Pek Kio Market.
In terms of investment, even though the price has not been announced, upcoming developments in District 11 (where the condo is located) and its strategic location will likely lead to high potential capital appreciation in the future.
Residents will be proud owners of a condo in one of Singapore’s most premium locations, and that their units are likely to rise significantly in value over time.
Former Chancery Court Project Summary
Developer: Far East Organization
Condo Name: To Be Announced
TOP Date: 2023
Total Units: To Be Announced
Tenure: 99 Years Leasehold
Address: 36A Dunearn Road 309426
Development: Full Condo Facilities Including Swimming Pool, BBQ Pits, Gym, Function Rooms
Former Chancery Court Location
The new condo at Dunearn Road is located within the heart of Penrose condo. Its strategic location provides unparalled convenience for travelling to all parts of the island.
Just one MRT station from the upcoming Orchard Interchange Station, and with easy access to major expressways like CTE and PIE, residents will enjoy ease of travel by both public and private transport.
The new condo at Dunearn road, located at the former site of Chancery Court, is located close to many elite primary and secondary schools, JC and university.
They include Anglo Chinese Primary School, Anglo Chinese Junior School, St Joseph’s Institution, Singapore Chinese Girls School, Saint Margaret’s Primary School, Raffles Girls Secondary School, Catholic Junior College and National University Of Singapore.
Entertainment options come in the form of the multitude of malls located at the nearby Orchard shopping belt, less than 1km away. Popular malls like Plaza Singapura, Shaw House, Far East Plaza and many others are within 5-10 minutes away.
For residents with a fondness for local delights, Newton Hawker Centre and Pek Kio Market are nearby options that will satisfy hawker food cravings.
Comparative Market Analysis
Pricing Overview of D11 projects
As of Oct 2019
Even though the cooling measures implemented in 2018 has affected Singapore property prices, the value of District 11 properties has remained robust and competitive.
This is due to an ongoing influx of property sales in the area from both affluent locals and foreign buyers.
As one of Singapore’s most premium locations, District 11 properties have largely been shielded from the cooling measures fallout.
In order to accurately gauge the value of the new condo at Dunearn road, 2 factors will be key in determining its launch and future worth: Sales Volume Of Surrounding Properties and Rental Demand.
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