It's expected house around 1,040 private homes and it's just a short-walk away to Dakota MRT station.
It’s been more than 10 years since a brand-new, “proper” condominium development launched in the area around Old Airport Road.
I’m very excited about the opening of Dunman Grand because this area is near and dear to my heart.
Even though I don’t live in the area, this is where I went to school and spent most of my teen years.
Dunman Grand looks set to be the biggest private residential development in the area. It will be built on the former old site of Broadrick Secondary School.
Not only that, but it will also be the largest condominium project built in District 15 in the last decade.
If you know this area well enough, you will know that Waterbank at Dakota and Dakota Residences were the last condominiums to be completed.
They were both completed in 2013 and 2010 respectively.
Hence, it’s highly likely that there’s a huge pent-up demand for new private homes in the area.
I’m pretty sure that Dunman Grand will be the most talked-about new launch condo in 2023 because of where it is and how close it is to an MRT station and several good schools.
But what really surprised me was that only 2 property developers were bidding for this piece of land back in 2022.
They were SingHaiyi Group and a group of three companies led by City Developments Ltd.
The Dunman Road GLS site was eventually sold to SingHaiyi Group, whose bid of $1.284 billion was the highest. That was around 20 percent more than what CDL had bid.
So, is there something wrong with the site? Do developers think they won’t be able to sell the units quickly enough? Should buyers or people who want to invest be worried?
I’m sure that the main reason you’re reading this is to find out if Dunman Grand is a good buy and what the project’s pros and cons are.
So, let’s get started.
Dunman Grand Project Overview
Before diving deeper into the intricacies of this new launch condo, here is some background on Dunman Grand.
|Project Name||Dunman Grand|
|Site area||271,622 sq ft|
|Total number of units||Est. 1,040 units in total|
|Total number of parking lots||N.A|
|Number of blocks||N.A|
|Number of storey||N.A|
|Expected TOP date||End 2027|
Dunman Grand is being developed by SingHaiyi Group, based in Singapore.
To dispel a common misconception, Sing Haiyi is actually a wholly Singaporean enterprise.
Despite being a considerably new entrant to Singapore’s real estate scene, SingHaiyi Group has been widely recognised as a reputable real estate development and investment firm locally.
It was all down to the firm’s unwavering dedication to both excellence and innovation.
SingHaiyi Group is mostly active in both the residential and commercial market segments with cutting-edge creations that adapt to their changing requirements.
Since its founding in 2008, SingHaiYi Group’s portfolio of remarkable projects has garnered numerous awards for its design, construction, and overall excellence.
Despite Pasir Ris One DBSS, the company’s first and, mercifully, only public relations disaster in 2015, it has consistently proved over the years that it can build innovative, sustainable, and high-quality environments that please a wide range of stakeholders, from high-end residential buildings to commercial properties to serviced apartments.
SingHaiyi Group has become one of Singapore’s most reputable real estate companies thanks to its dedication to providing excellent service and products.
Some of their most well-received recent private residential projects include Parc Clematis, The Gazania, The Lilium, and The Vales (executive condominium).
More to follow …