City Developments (CDL) and joint venture partner MCL Land will be developing 99-year leasehold residential property situated in Northumberland Road.
The Piccadilly Grand project is situated in the Farrer Park area. The property is designed for residential use with retail space for commercial use at the bottom. The parcel is able to accommodate 405 apartments that range from 23 stories. The project is scheduled to be completed in 2026.
The area is of Farrer Park MRT and Little India in close proximity, prospective buyers will have access to the convenience of shopping malls, restaurants, and eateries as and delicious food hawkers within the vicinity.
The area is near Farrer Park MRT and Little India MRT on the North-east Line and Downtown Line residents of Piccadilly Grand will have an easy connection to the city’s center in only a few minutes. It is serviced by a variety of buses, with straight routes to orchard Road. Orchard Road shopping belt.
Residents enjoy conveniences in their front yards. This is true especially with the vast array of grocery stores located at Mustafa Centre and City Square Mall which is is the location where Fairprice as well as Donki are located.
Foodies are also spoiled by the variety of dining choices available in the region. It has Tekka Centre and Pek Kio Market and Food Centre for delicious local cuisine as well as the numerous South Asian restaurants along Farrer Park as well as Little India, the famous dim sum restaurant Swee Choon, as well as bars and cafes for breakfast on weekends, and coffee.
In this lively neighborhood, homeowners can also take your children in the fascinating history and culture of The Little India heritage district in just a few steps. Parks with greenery like Fort Canning Park and Botanical Gardens can be reached with an easy MRT trip on The Downtown Line.
Because KK Women’s & Children Hospital is located near the property The Piccadilly grand property is perfect for couples who want to establish families to ensure that parents and children can to get top-quality medical treatment without having for a long journey.
At the edge of the city, properties in Farrer Park are popular among young homeowners seeking an affordable private property close to their work place within Singapore’s CBD and easy access from the remainder of Singapore via public transport.
This property situated on Northumberland Road is a welcome new addition to the region and is particularly suitable for those looking for the opportunity to buy a property in the Farrer Park region.
The schematic diagram of Piccadilly Grand is expected to be released in the near future! Join for a free VVIP to get the most up-to-date details about the project.
Northumberland Condo’s plans for its flooring are set to be announced soon! Sign up for a cost-free VVIP to get the latest information regarding the latest developments.
CDL-MCL was among the top 10 bidders for the land auction conducted of the federal government (GLS) tender, and won with a price of $445.9 million. It’s $1,129 for each square foot per square foot on top of gross floor area (GFA) which is 394,809.46 square feet.
The price is 5.7% higher than the second-highest offer of $422 million, or $1,069 per ppr that was offered through Winrich Investment, and 74.2% over the lowest bid of $256 million from Japura Development. It’s significantly more expensive than the price of the prior GLS site, Uptown @ Farrer situated at Perumal Road, which was transferred by Low Keng Huat (Singapore) Limited for $1,001 per per psf on the 17th of January the 17th of January, 2017.
Based on the $1,129 top bid, the break-even price for an developer could range from $1,800 to $1.900 per square foot. The price of launching each condo can vary from $2,100 for a square foot, up to $2,200 per sq feet.
CDL is a top real estate firm that has the largest network of 112 sites in 30 countries and regions. One of the largest companies in terms of market capitalisation on the Singapore Exchange, CDL’s portfolio comprises offices, residences hotels malls, serviced apartments and also integrated developments.
The most renowned developments within this portfolio of projects is the highly acclaimed South Beach mixed use development. It has a lushly-planted sky garden. The property was designed to become an emblem of sustainable development as well as Singapore’s vision that of “City within Gardens”
A significant homeownership developer in the region, MCL Land has established an impressive track experience of building the highest quality homes throughout the past 50 years. The vast range of properties owned by MCL Land includes top residential properties situated within Hong Kong, Singapore, Malaysia, China, Vietnam, Philippines, Indonesia and Thailand. The most notable developments are The Estuary, UBER 388, Este Villa, Terrasse, Palms @ Sixth Avenue, Hallmark Residences, Ripple Bay, J Gateway, LakeVille, Sol Acres, Lake Grande, Margaret Ville and Parc Esta.
It is a Piccadilly Grand unit located at the Northumberland Road site is suitable for couples of all ages, singles and families, and those looking to invest due to its ease of access and the demand for properties in this area. Farrer Park Primary School is just a short distance of the well-known St. Joseph’s Institution is accessible by on the Downtown Line.
Healthcare facilities of the highest quality are in walking distance. When the project is finished, the property is located near Connexion Singapore’s premier hospital and hotel complex, which provides medical and hospitality, preventive medicine as in medical training and education in one location. Farrer Park Medical Centre is located in the west region of Connexion situated just a five minute stroll from your condo. KK Women’s and Children’s Hospital is just a 10 minute walk.
The Farrer Park station being served by the north-east Line along with it being connected to the Downtown Line residents living on Piccadilly Grand are able to easily commute to work in the city’s center and also travel to the most popular places like Marina Bay, Fort Canning, Chinatown, Clarke Quay and Harbourfront.
If you’re looking to purchase a condo unit as a family or as a single individual and as an investment, brand new condominium located on Northumberland road is an excellent option for capital appreciation as it’s within the Singapore’s Core Central Region (CCR) located in Singapore with a great connection to the rest of Singapore’s city. It’s expected to remain an extremely sought-after property for a long time to come.
The decreasing number of homes for sale in the city-fringe area will likely result in the need for a condo home situated in Northumberland Road. Even though it’s a 99 year leasehold property the property is sought-after by young homeowners searching for a home at a reasonable price which is also private.
If you are an investor looking to invest, leasing leasehold property in this area is the best way to make a profit, particularly from foreigners who want to live on the urban fringes, close to their jobs in the CBD at a moderately affordable method compared to cost of renting condos that are freehold in cities.