{"id":46827,"date":"2017-03-06T11:44:13","date_gmt":"2017-03-06T04:44:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/grandeur-park-residences-sells-420-units-at-weekend-launch\/"},"modified":"2017-03-06T11:49:10","modified_gmt":"2017-03-06T04:49:10","slug":"grandeur-park-residences-sells-420-units-at-weekend-launch","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/grandeur-park-residences-sells-420-units-at-weekend-launch\/","title":{"rendered":"Grandeur Park Residences sells 420 units at weekend launch"},"content":{"rendered":"


\nStrong sales have been recorded at the first two private condo launches this year. Image source: CEL Development\u00a0 \u00a0
\nGrandeur Park Residences in Tanah Merah sold 58 percent, or 420 of its 720 units at an average price of $1,350 psf during its first weekend launch, reported the Straits Times.
\nLocated near Tanah Merah MRT station, the condominium comprises one- to five-bedroom units, with prices starting from $550,000 for a one-bedroom unit and $700,000 for a two-bedroom unit.
\nIn a statement, its developer CEL Development, a subsidiary of Chip Eng Seng Corporation, revealed that the sales performance is within expectations.
\nMost buyers were drawn to the project\u2019s location, citing the potential pool of tenants from Changi Business Park and its proximity to various amenities.
\n\u201cI hope the rental situation and prices will pick up in the coming years but no one can tell where the market is going \u2013 you need to try your luck,\u201d said Wong Koh Hoi. The 58-year old Managing Director purchased a 560 sq ft two-bedroom unit for around $821,000.
\nGrandeur Park Residences offers a wellness theme and includes a partnership with Amore Fitness to offer spa facilities and fitness classes.
\nIt is the second private condominium to be launched this year after The Clement Canopy in Clementi sold close to 200 units during its first weekend launch last month.
\nBut while Grandeur Park Residences\u2019 sales performance was better than expected, analysts said this does not signal an improvement in the property market.
\n\u201cI would be cautious because a lot of the sales are driven by the take-up of smaller units, which have lower overall quantum,\u201d noted Ku Swee Yong, Key Executive Officer at International Property Advisor.
\nMeanwhile, home buyers will be spoilt for choice with the upcoming launch of two new projects \u2013 the 429-unit Park Place Residences at Paya Lebar Quarter, which is set to launch on 31 March, followed by the 843-unit Seaside Residences in April.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Grandeur Park Residences sells 420 units at weekend launch<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Strong sales have been recorded at the first two private condo launches this year. Image...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-46827","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-cbh","jetpack-related-posts":[{"id":44788,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/overwhelming-crowds-reported-at-grandeur-park-residences-preview\/","url_meta":{"origin":46827,"position":0},"title":"Overwhelming crowds reported at Grandeur Park Residences preview","date":"February 20, 2017","format":false,"excerpt":"\r Artist\u2019s impression of Grandeur Park Residences, a new condominium in Tanah Merah. Source: CEL Development Grandeur Park Residences, CEL Development\u2019s latest condominium in Tanah Merah, received very strong interest from buyers, with 10,000 people turning up at its showflat over the weekend, reported the Straits Times. With sales set\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43595,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-highly-anticipated-condos-to-launch-in-coming-weeks\/","url_meta":{"origin":46827,"position":1},"title":"Two highly anticipated condos to launch in coming weeks","date":"February 10, 2017","format":false,"excerpt":"\r Artist\u2019s impression of Grandeur Park Residences, a new condominium in the east. Source: CEL Development\u00a0 Following the Chinese New Year lull period, developers are gearing up to launch two private residential projects in Singapore. One of them is The Clement Canopy, the first condominium to be launched this year,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107156,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/parc-komo-in-changi-opens-for-preview-this-weekend\/","url_meta":{"origin":46827,"position":2},"title":"Parc Komo in Changi opens for preview this weekend","date":"May 16, 2019","format":false,"excerpt":"\r Parc Komo is pipped to be the most affordable freehold project with an average price of $1,450 psf. The Parc Komo mixed-use development in Changi will open for preview this Saturday (May 18), said its developer CEL Development. Sitting on a 202,000 sq ft freehold site, the project is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42349,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-project-launches-set-to-boost-home-sales\/","url_meta":{"origin":46827,"position":3},"title":"Four project launches set to boost home sales","date":"January 31, 2017","format":false,"excerpt":"\r Artist\u2019s impression of Park Place Residences at Paya Lebar Quarter. New private home sales are expected to get a boost with four project launches expected by April, reported the Straits Times. These are Clement Canopy in Clementi by Singland Homes and UOL Group; Park Place Residences at Paya Lebar\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52343,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/best-selling-projects-in-march\/","url_meta":{"origin":46827,"position":4},"title":"Best-selling projects in March","date":"April 20, 2017","format":false,"excerpt":"\r Clear skies for Singapore\u2019s private property market. \u00a0 Private home sales here soared to its highest monthly level in March since June 2013 thanks to a more positive economic outlook, according to a report from Colliers International. \u00a0 Based on data from the Urban Redevelopment Authority (URA), transaction volume\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52686,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/392-units-sold-at-seaside-residences-over-weekend\/","url_meta":{"origin":46827,"position":5},"title":"392 units sold at Seaside Residences over weekend","date":"April 24, 2017","format":false,"excerpt":"\r Large crowds were seen at the Seaside Residences show suite over the weekend. (Photo: Chang Hui Chew) The 843-unit Seaside Residences condominium at Siglap Link has attracted strong buyer interest, with 392 of the 560 released units (70 percent) sold during the first weekend of its official launch on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/46827"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=46827"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/46827\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=46827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=46827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=46827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}