WILL CEL CONTINUE THE POWERFUL SALES RECORD WITH
GRANDEUR PARK RESIDENCES?
During the first weekend of launching, 1,100 of 1,390 units were sold by CEL
720 housing units will be yielded by Grandeur Park Residences, with a broad range of option from 1 to 5-bedroom unit type.
As a subsidiary of Chip Eng Seng Corporation, CEL Development reveals the quite powerful track record in local developments. The developments include My Manhattan, Alexandra Central, 100 Pasir Panjang, Belvia (DBSS Public
Home), Junction Nine and Nine Homes, Oasis @ Elias, CityVista Residences, Splendor 8, Grange Infinite, The Parc Condominium, The Suites at Central, Ventuno Balmoral, Riviera Residences, One Fort, Bishan Loft, Fulcrum and High Park Homes.
From the developer of High Park that are extremely successful, Grandeur Park Residences offers similar attributes, sizes and facilities that are even more exciting.
GRANDEUR PARK RESIDENCES PROJECT FAST FACTS
|PROJECT NAME||GRANDEUR PARK RESIDENCES|
|Developer||CEL Development (Chip Eng Seng Corporation)|
|Address||New Upper Changi Road/Bedok South Avenue 3 (Tanah Merah MRT Station)|
|District||D16 Bedok / Tanah Merah|
|Property Type||High Rise Residential Towers comprising 720 apartments, ranging from 1-Bedroom to 5-Bedroom Unit Type.|
|Tenure||99 Years Leasehold|
|Unit Mix||1 Bedroom / 1 + Study
2 Bedroom Classic / Deluxe / Study
3 Bedroom Classic / Deluxe
4 Bedroom Classic / Deluxe / Luxury
5 Bedroom with private lift
|Expect TOP Date||2021|
GRANDEUR PARK RESIDENCES LOCATION
Nestled in the blossoming area in the East of Singapore, Grandeur Park Residences is situated at rock throw distance from the Tanah Merah MRT Station Interchange.
Connectivity and Estimated Travel Time from Grandeur Park Residences to many destinations:
IMPROVING THE PUBLIC TRANSPORT IN THE EAST REGION
Future residents in Grandeur Park Residences will reap the benefits of significant improvements to public transport and roads, with new MRT connections cutting journey times and road improvements to reduce traffic congestion and boost connectivity between and within towns.
The existing East-West MRT line (green line) in the East Region will join 3 new MRT lines later on, the Downtown Line (DTL), the Eastern Regional Line (ERL) and also the Cross Island Line (CRL). The green line system will be upgraded in
2018 to let 6 trains every 10 minutes instead of 5 now.
Connectivity and Estimated Travel Time from Grandeur Park Residences to several destinations:
The East Region enjoys a rich tradition and identity, from storied Changi to the food oasis of Siglap; spaces, places and buildings that have historical value and hold particular meaning. Amenities that reinforce town squares, along with the identity of the East and new hawker centres that support social interaction will be implemented to rejuvenate mature estates like Tampines and Bedok.
Grandeur Park Condo Amenities
Residents in the East Region can look forward to an exciting new group of commercial, social, sports and recreational activities in the rejuvenated Bedok and Tampines town centre, for instance, brand new Integrated Transport Hub (ITH) after the Downtown Line completion with the Bedok Mall and Tampines Mall. Both shopping malls provide a broad range of . F&B outlets & clothes
Singapore’s fourth university, the Singapore University of Technology and Design (SUTD) was finished in 2015.
All these increase the demand for rent in Tanah Merah vicinity.
New industrial and commercial developments are set to open in Changi Business Park Pasir Ris Wafer Fab Park, Loyang Industrial Park and Changi Airport.
The opening of Project Jewel and Terminal 4 in Changi Airport will supply thousands of new job opportunities that are attractive. Project Jewel will be the new attractions and exciting retail choices to travellers transiting at Changi Airport.
The attractions bring new leisure, retail and F&B choices for residents in the East and the remainder of Singapore. and will additionally be open to the people The new Terminal 4, such as the other present terminals, will be a full service terminal, offering attractive aviation related occupations to Singaporeans while enlarging Changi Airport’s passenger handling capacity.
All these developments will produce a range of further jobs, meaning residents
will be able to work nearer to their homes and appreciate reduced commuting times.
In conclusion, there is going to be plenty of job opportunities nearby Grandeur Park Residences and eventually boost the demand of lease for the condo.
Grandeur Park Condo Price
The property was sold at $419.38 million, which translates to $761 psf on the gross floor area.
Grandeur Park Residences is anticipated to challenge the nearest project, The Glades that’ll soon obtain TOP. On the basis of the caveat lodged as on 22 November 2016, there are not approximately 150 units sold at The Glades. The average cost of transacted sale in the last 6 months signals $1,422 psf.
Hence, we estimated that Grandeur Park Residences could be established in the average price of $1,400 psf.