Stellar sales at Grandeur Park Residences with 420 units sold


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.

Grandeur Park Residences at Tanah Merah Facade
Grandeur Park Residences at Tanah Merah Facade

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.

195 units sold at the Clement Canopy
195 units sold at the Clement Canopy

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.

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