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.
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.