Over the 1st weekend launch of Grandeur Park Residences at Tanah Merah, property developer CEL Development (real estate arm of Chip Eng Seng Corporation) has managed to sell a total of 420 units – with the 1-bedroom units being the most popular among all unit types.
Grandeur Park Residences was widely anticipated by market watchers to draw strong interest from potential buyers – given the fact that around 10,000 visitors viewed the showflat during the opening preview for the past 2 weekends.
The stellar sales figure was pretty much due to the fact that there hasn’t been any new launch condo projects within the area for the last 3 years. As majority of the units are the smaller types of 1-bedroom and 2-bedroom, some analysts had already suggest that development will receive a strong take-up rate.
From the 420 units sold at Grandeur Park Residences, the 99-year leasehold private residential condo – situated near Tanah Merah MRT Station is averagely priced at S$1,350 psf.
Just less than 10 days ago, the Clement Canopy at Clementi Avenue 1 have also performed remarkably – with almost 200 units out of the 505 units available, during the 1st weekend of sales.
Home hunters will be in for a line of choices – with at least 3 more exciting new launch projects be earmarked for launch before May 2017.
One of them will be Park Place Residences at Paya Lebar Quarter – a 429-unit private residential project by Australian property group Lendlease and ADIA. This mixed-development is expected to launch by the end of March, with an estimated starting price of S$780,000.
It will likely be followed by another mixed-development named ARTRA by Tang Skyline, a 400-unit private apartment next to Redhill MRT station and also Seaside Residences at Siglap by Frasers Centrepoint Singapore, a 843-unit condo offering 1 to 5-bedroom units – with majority fronting the eastern coastal shoreline.