Piccadilly Grand sells 315 units at average $2,150 psf on first weekend launch
This is equivalent to a 77 percent take-up rate at this 407-unit residential development.
The first mega launch of 2022, Piccadilly Grand, saw 315 out of its 407 units sold on the first weekend of sales.
This represents an impressive take-up rate of 77 percent, and units were sold at an average per square foot (psf) of $2,150.
It is also one of the first major private residential launches since the latest property cooling measures were announced by the Government in Dec 2021.
The first-weekend showflat preview drew an overwhelming total of around 5,400 visitors.
Piccadilly Grand is a mixed-use project jointly developed by City Developments Ltd (CDL) and MCL Land, situated along Northumberland Road – next to Farrer Park MRT station.
According to the developers, 90 percent of the buyers were Singaporeans while the rest were Singapore, permanent residents, and foreigners.
Units were sold from $1.06 million onwards for a 1-bedroom apartment unit.
As of 09 May 2022, all 1-bedroom to 3-bedroom units are fully sold. The remaining unsold condo unit types are more than 1,000 square feet in size.
The strong take-up at Piccadilly Grand does showcase buyers’ confidence in Singapore’s residential property market and economic outlook.