77% of units at Piccadilly Grand sold on weekend launch
Units were sold at an average selling price of $2,150 psf.
A total of 315 units (77%) of the 405-unit Piccadilly Grand were sold at an average selling price (ASP) of S$2,150 per square foot (psf) during its launch on 7 May.
The property’s developers, City Developments Limited (CDL) and MCL Land said 90% of the buyers were Singaporeans, whilst 10% were foreigners from China, India, Malaysia, the USA, Hong Kong, and Indonesia.
The two and three-bedroom units which are priced at $1.35m and $1.79m, respectively, were the most popular amongst the buyers, according to the developers.
Other buyers also opted for the four-bedroom dual-key which costs $2.74m due to its “flexible layout,” according to CDL.
Piccadilly Grand comprises three 23-storey towers with units ranging from 484 sq ft to 1,679 sq ft.
The property located on Northumberland Road is also connected to Piccadilly Galleria, which houses about 1,500 square metres (sqm) of F&B and retail space and a 500 sqm childcare centre on the ground floor.
“With Piccadilly Grand, we have created a future icon in this rapidly transforming neighbourhood and we are excited to be part of the district’s rejuvenation into a vibrant residential estate with integrated sports and recreational facilities,” Sherman Kwek, CDL Group CEO, said.
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