\nAround 76 percent of sales at the freehold project in Grange Road were to non-Singaporeans, with average prices up from over $2,600 psf to about $2,800 psf. (Photo: Christopher Chitty)<\/p>\n
Property developer City Developments Limited (CDL) has sold 81 of the 174 available units (47 percent) at its Gramercy Park condominium along Grange Road in District 10.
Around 76 percent of sales at the freehold project in Grange Road were to non-Singaporeans,...<\/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-51647","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-dr1","jetpack-related-posts":[{"id":108222,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tee-land-sells-15-of-48-units-at-lattice-one-preview-weekend\/","url_meta":{"origin":51647,"position":0},"title":"Tee Land sells 15 of 48 units at Lattice One preview weekend","date":"June 18, 2019","format":false,"excerpt":"\r The units were sold at an average price of $1,800 psf, and buyers of these units were all Singaporeans. Tee Land has sold 15 of the 48 units at its Lattice One condominium project at Seraya Crescent, at an average price of $1,800 per sq ft (psf) during its\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8201,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/strong-indonesian-interest-for-cairnhill-nine\/","url_meta":{"origin":51647,"position":1},"title":"Strong Indonesian interest for Cairnhill Nine","date":"March 4, 2016","format":false,"excerpt":"\r Artist\u2019s impression of CapitaLand\u2019s latest development at Cairnhill. A significant number of condo units have been reserved at the 268-unit Cairnhill Nine development in the Orchard area, after its developer CapitaLand held a VIP preview in Jakarta on 20 to 21 February, reported The Business Times. Potential buyers deposited\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113602,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/koh-brothers-sells-10-van-holland-units-at-launch\/","url_meta":{"origin":51647,"position":2},"title":"Koh Brothers sells 10 Van Holland units at launch","date":"January 14, 2020","format":false,"excerpt":"\r Koh Brothers revealed that a good mix of one- to three-bedroom apartments were sold. Luxury residence Van Holland moved 10 units or 15% of its 69 freehold units at an average selling price of $2,975 per sq ft (psf) during its launch over the weekend. Koh Brothers revealed that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2020\/01\/Van-Holland-Unit-Types.png?fit=600%2C559&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":122698,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jervois-mansion-sells-99-of-units-launched\/","url_meta":{"origin":51647,"position":3},"title":"Jervois Mansion sells 99% of units launched","date":"October 20, 2021","format":false,"excerpt":"\r 104 of the 105 units of the Jervois Mansion condominium project has been sold, with Singaporeans forming the majority of buyers. Source: Jervois Mansions Jervois Mansion, Kimen Group\u2019s condominium project in Jervois Close within the River Valley area, sold 99% or 104 of the 105 units launched, reported The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/jervois-mansions.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":91370,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-to-launch-new-condo-after-good-sales-at-amber45\/","url_meta":{"origin":51647,"position":4},"title":"UOL to launch new condo after good sales at Amber45","date":"June 14, 2018","format":false,"excerpt":"\r Artist\u2019s impression of The Tre Ver, an upcoming condominium project in Potong Pasir. (Photo: UOL Group) UOL Group\u2019s freehold Amber45 condominium in District 15 continues to draw buyers, with about 65 percent of the 139 units already sold, up from 55 to 60 percent during the launch in mid-May,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84846,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/149-units-at-park-place-residences-sold-at-average-2000-psf\/","url_meta":{"origin":51647,"position":5},"title":"149 units at Park Place Residences sold at average $2,000 psf","date":"April 9, 2018","format":false,"excerpt":"\r A large crowd of buyers at the Phase 2 sales launch of Park Place Residences at PLQ. (Photo: Lendlease) Two residential projects launched over the weekend (7-8 Apr) drew an overwhelming response from buyers, further boosting property market sentiment. Lendlease\u2019s Phase 2 sales launch of Park Place Residences at\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\/51647"}],"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=51647"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/51647\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=51647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=51647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=51647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nSingapore Permanent Residents and foreigners make up 76 percent of the buyers at the project, while Singaporeans account for just 24 percent.
\nThe luxury freehold condo sits on an approximately 170,000 sq ft site and was completed in May 2016.
\nIt comprises two curvilinear towers of two- to five-bedroom units. Apartment sizes range from 1,184 sq ft for a two-bedder + study to 7,287 sq ft for a five-bedroom penthouse.
\nTo date, its 87-unit North Tower launched last year has sold 70 units. CDL revealed that all the two-bedroom + study units in the block were sold and there was a good take-up of three- and four-bedders. A 5,533 sq ft five-bedroom penthouse also found a buyer for $16.88 million, which works out to about $3,050 psf.
\nMeanwhile the South Tower, which also contains 87 units, was soft launched on 30 March with viewings by appointment only. So far, 11 of the 20 units released under phase two have been sold. Early bird prices start from $3.4 million for a two-bedroom + study, $5.1 million for a three-bedder and $6.8 million for a four-bedroom type.
\nAccording to CDL, average prices are up to about $2,800 psf from over $2,600 psf previously.
\nChia Ngiang Hong, CDL Group General Manager, said: \u201cWith prices of high-end properties showing signs of bottoming out, there has been an increase in buying interest for luxury developments. For certain premium upmarket projects like Gramercy Park, we have even seen a pick-up in pricing.\u201d
\nGramercy Park is located close to shopping malls in Orchard Road, two hospitals and established schools.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Gramercy Park mostly bought by non-Singaporeans at an average of ,600 to ,800 psf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"