# Serenity Park condo, Pek Chuan Building back on en bloc market at lower $440 mil and $77 mil

- **Source:** EdgeProp Singapore
- **Published:** 2026-09-16T01:01:24.000Z
- **Author:** Fiona Lam
- **Original:** https://www.edgeprop.sg/property-news/serenity-park-condo-pek-chuan-building-back-en-bloc-market-lower-440-mil-and-77-mil
- **Topics:** Private Residential, New Launches, Government & Policy

## Featured rationale

The price reductions signal sellers are adjusting expectations to attract developers, potentially supporting transactions while reflecting differing redevelopment economics across residential and commercial sites.

## AI summary

Serenity Park and Pek Chuan Building were relaunched for collective sale at reduced prices of $440 million and $77 million, down 12.9% and 3.8%, respectively.

## Original article

En bloc hopefuls Serenity Park, a 179-unit freehold condo off Yio Chu Kang Road, and Pek Chuan Building, a leasehold commercial development on Lavender Street, have both been put on the market again, with lower price tags this time.

Serenity Park now carries a reserve price of $440 million, which works out to $1,266 psf per plot ratio (ppr), said Dillon Loi of Mount Everest Properties, which is marketing both sites, in a Sept 15 release.

That is about 12.9% less than its previous asking price of $505 million, or $1,453 psf ppr. It had been launched for collective sale in late February this year, with the tender closing in March.

Read also: Trendale Tower in Newton launched for collective sale at $168 mil

The condo has 10 five-storey blocks occupying a 248,173 sq ft freehold site. Under URA’s Master Plan 2025, it is zoned for residential use with a plot ratio of 1.4 and a height restriction of up to five storeys.

Based on an assumed average unit size of 85 sq m (915 sq ft) for new non-landed projects in the Outside Central Region (OCR), the site could potentially be redeveloped into a low-rise condo with about 380 units.

Completed in 1995, Serenity Park is situated on Tamarind Road in District 28, nestled in a landed housing enclave that mostly comprises semi-detached homes.

Within a 2km radius of the condo are Fernvale Primary School, Sengkang Green Primary School, Anderson Secondary School and Anderson Serangoon Junior College. ITE College Central, Nanyang Polytechnic and Rosyth School are a seven- to 12-minute drive away.

Amenities in the vicinity include Greenwich V, The Seletar Mall and AMK Hub.

The private treaty exercise for Serenity Park will end at 11am on Sept 30.

Meanwhile, Pek Chuan Building has been relaunched for collective sale with an asking price of around $77 million, or $1,073 psf ppr.

It is a slight decrease of about 3.8% from the earlier guide price of $80 million, when it was offered for sale last October. That previous tender had closed on Nov 10.

Read also: High Point back on market at $580 mil in sixth collective sale attempt

The four-storey retail and office building at 116 Lavender Street sits on a corner plot with a land area of 28,700 sq ft.

It is zoned for commercial use with a 2.5 plot ratio and a height restriction of up to 12 storeys, subject to planning approval, according to Mount Everest Properties.

“The purchaser can apply for a change of use to hotel or mixed-use development, subject to URA approval,” said Loi. He added that the eventual buyer will have naming rights to the future refurbished development.

The marketing agent noted that the property’s balance lease term is about 56 years, with the state lease expiring in May 2081.

Pek Chuan Building has the longest standalone full frontage among commercial properties along Lavender Street, according to Loi.

Retail units take up the building’s first to third floors, with office units on the fourth floor.

It is next to CT Hub and CT Hub 2, which are light industrial properties with retail and F&B spaces.

Read also: Gilstead Court makes fourth collective sale attempt at $198 mil

Bendemeer MRT Station is a three-minute walk from Pek Chuan Building, while Lavender MRT Station is 10 minutes away on foot.

Numerous hospitality developments are close by, including Hotel 81 Lavender, Fragrance Hotel Lavender, Arcadia Hotel, Meadows Hostel, Aqueen Prestige Hotel Lavender, and Ibis Budget Singapore Imperial.

Amenities are also accessible at Aperia Mall and at specialty shops and lifestyle concepts along King George's Avenue, which are about a five-minute walk away.

The public tender for Pek Chuan Building closes on Oct 7.

Check out the latest listings for Serenity Park properties

## Chinese translation

> Translation model: grok_cli

### Serenity Park公寓与Pek Chuan Building再度挂牌集体出售，开价下调至4.40亿新元和7700万新元

该永久地契住宅地段占地248,173平方英尺，而位于劳明达的商业大厦则坐落于28,700平方英尺的街角地块。

寄望集体出售的Serenity Park（一座位于杨厝港路附近、共179个单位的永久地契公寓）以及劳明达街上的租赁地契商业项目Pek Chuan Building，均已再次挂牌，此次开价更低。

营销这两处地块的Mount Everest Properties的Dillon Loi在9月15日的新闻稿中表示，Serenity Park目前的底价为4.40亿新元，相当于每平方英尺容积率（ppr）1266新元。

这较此前5.05亿新元、即每平方英尺容积率1453新元的要价低约12.9%。该项目于今年2月下旬推出集体出售，招标于3月截止。

另读：牛顿的Trendale Tower以1.68亿新元推出集体出售

该公寓共有10栋五层楼，占据一幅248,173平方英尺的永久地契地块。根据市区重建局《总体规划2025》，该地块规划为住宅用途，容积率为1.4，限高最多五层。

若以中央区以外（OCR）新建非有地项目假设平均单位面积85平方米（915平方英尺）计算，该地块或可重建为一座约380个单位的低层公寓。

Serenity Park于1995年竣工，位于第28区的Tamarind Road，坐落在一个以半独立式洋房为主的有地住宅区。

公寓2公里范围内有芬微小学、盛港绿地小学、安德逊中学和安德逊实龙岗初级学院。工艺教育学院中央学院、南洋理工学院和乐斯小学车程约7至12分钟。

附近配套包括Greenwich V、The Seletar Mall和宏茂桥中心（AMK Hub）。

Serenity Park的私人协议出售将于9月30日上午11时截止。

与此同时，Pek Chuan Building已重新推出集体出售，要价约7700万新元，即每平方英尺容积率1073新元。

这较去年10月挂牌时8000万新元的指导价略降约3.8%。上次招标于11月10日截止。

另读：High Point以5.80亿新元第六次尝试集体出售，再度挂牌

这座位于劳明达街116号的四层零售及办公楼，坐落于一幅土地面积28,700平方英尺的街角地块。

据Mount Everest Properties称，该地块规划为商业用途，容积率为2.5，限高最多12层，须获规划批准。

Loi表示：“买家可申请将用途变更为酒店或混合用途发展项目，须获市区重建局批准。”他补充说，最终买家将拥有未来翻新项目的命名权。

营销代理指出，该物业剩余租约约56年，国有地契将于2081年5月到期。

据Loi称，Pek Chuan Building在劳明达街沿线商业物业中拥有最长的独立完整临街面。

零售单位占据大厦一至三层，办公单位位于四层。

它毗邻CT Hub和CT Hub 2，这两处为设有零售及餐饮（F&B）空间的轻工业物业。

另读：Gilstead Court以1.98亿新元第四次尝试集体出售

明地迷亚地铁站步行3分钟即可抵达Pek Chuan Building，劳明达地铁站则步行10分钟。

附近有多家酒店，包括Hotel 81 Lavender、Fragrance Hotel Lavender、Arcadia Hotel、Meadows Hostel、Aqueen Prestige Hotel Lavender和Ibis Budget Singapore Imperial。

配套也可在Aperia Mall，以及步行约5分钟即可抵达的乔治王道沿线特色商店和生活方式概念店获得。

Pek Chuan Building的公开招标将于10月7日截止。

查看Serenity Park物业的最新挂牌