Gramercy Park | CDL Condo @ Grange Road | Just T.O.P.!

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Just will like to share the upcoming new launch of the former Lucky Tower called Gramercy Park with everyone.
For more info, you can visit http://goo.gl/Gfwq0O Cheers :cheers4:

Called up CDL for Gramercy Park and they said not released for sale yet. But the building looks ready...

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hear say Gramercy Park Condo is awaiting multiple unit purchasers, thus is holding back purchase for single unit purchase. This is also a good sign as developer show confident of their product... :)

http://www.theedgeproperty.com.sg/co...-sold-2499-psf

Gramercy Park sees units sold from $2,499 psf

By Tan Chee Yuen / The Edge Property | May 31, 2016 10:00 AM MYT


A 1,884 sq ft unit on the fourth floor of Gramercy Park was sold for $4.71 million ($2,499 psf), according to a caveat lodged on May 14. This is the second unit sold at the condominium. Previously, a 1,981 sq ft unit on the 16th floor fetched $5.33 million ($2,689 psf), based on a caveat lodged on May 9.

Gramercy Park is a 174-unit freehold luxury development on Grange Road. It is developed by City Developments (CDL) and scheduled to obtain its Temporary Occupation Permit in 2Q2016. Under the conditions of the Qualifying Certificate, the developer has another two years to sell all the units to avoid paying extension charges.

JLL and Savills have brought the project to Jakarta and Surabaya in Indonesia, while Singapore Christie’s International Real Estate has showcased it in Hong Kong in the first weekend of May.

Gramercy Park has received keen interest from overseas buyers following the overseas roadshows in China (Shenzhen), Hong Kong and Indonesia (Jakarta and Surabaya), according to a CDL spokesperson. Three units sized from 1,250 to 1,980 sq ft were sold at nett prices between $2,500 and $2,700 psf. “These attractive nett prices are offered before the official launch and have factored in considerations such as the additional buyer’s stamp duty (ABSD).” More units are likely to be sold, pending telegraphic transfers of deposits and the issuance of options, the spokesperson adds in an emailed response.

The condo has a mix of two- to four-bedroom units with sizes ranging from 1,184 to 3,122 sq ft. There are also five-bedroom penthouses with sizes of 5,534 to 7,287 sq ft. Indicative prices are said to be in the range of $2,600 psf. This means the starting price of a two-bedroom unit is about $3 million.

At St Regis Residences, a 3,757 sq ft unit on the 17th floor was sold for $8.35 million ($2,223 psf), according to a caveat lodged on May 12. The unit last changed hands for $8.74 million ($2,328 psf) in June 2006. Hence, the seller realised a loss of $393,950 (4.5%) after holding the property for almost 10 years. St Regis Residences is a 999-year leasehold development located behind St Regis Hotel on Tanglin Road. The 173-unit condo was jointly developed by Hong Leong Holdings, CDL and TID (a joint venture between Hong Leong and Mitsui Fudosan).

Meanwhile, Wheelock Properties offloaded five units at Ardmore Park. The units are located on the 11th to 21st floors of Ardmore Three and sized from 1,744 to 1,787 sq ft. They were sold at prices ranging from $5.32 million ($3,048 psf) to $6.08 million ($3,422 psf), based on caveats lodged on May 12 and 13. The developer is said to be offering a 15% discount and an ABSD assistance package, leading to a pickup in activity.

Similarly, the 99-year leasehold OUE Twin Peaks also saw brisk sales derived from offering alternative deferred payment schemes to buyers. Of the 11 caveats lodged from May 10 to 17, nine units sized at 549 sq ft were sold at an average price of $2,606 psf.

http://www.theedgeproperty.com.sg/co...-sold-2499-psf

Gramercy Park sees units sold from $2,499 psf
By Tan Chee Yuen / The Edge Property | May 31, 2016 10:00 AM MYT
Tags: Done DealsGramercy Park

A 1,884 sq ft unit on the fourth floor of Gramercy Park was sold for $4.71 million ($2,499 psf), according to a caveat lodged on May 14. This is the second unit sold at the condominium. Previously, a 1,981 sq ft unit on the 16th floor fetched $5.33 million ($2,689 psf), based on a caveat lodged on May 9.

Gramercy Park is a 174-unit freehold luxury development on Grange Road. It is developed by City Developments (CDL) and scheduled to obtain its Temporary Occupation Permit in 2Q2016. Under the conditions of the Qualifying Certificate, the developer has another two years to sell all the units to avoid paying extension charges.

JLL and Savills have brought the project to Jakarta and Surabaya in Indonesia, while Singapore Christie’s International Real Estate has showcased it in Hong Kong in the first weekend of May.

Gramercy Park has received keen interest from overseas buyers following the overseas roadshows in China (Shenzhen), Hong Kong and Indonesia (Jakarta and Surabaya), according to a CDL spokesperson. Three units sized from 1,250 to 1,980 sq ft were sold at nett prices between $2,500 and $2,700 psf. “These attractive nett prices are offered before the official launch and have factored in considerations such as the additional buyer’s stamp duty (ABSD).” More units are likely to be sold, pending telegraphic transfers of deposits and the issuance of options, the spokesperson adds in an emailed response.

http://www.theedgeproperty.com.sg/co...-sold-2499-psf

Live life on top in this forthcoming ultra luxury Freehold Singapore Condominium, Gramercy Park by more successful developer City Developments Limited (CDL). Designed by reputable architectural company, NBBJ which is among the world’s top 10 most progressive architecture companies, Gramercy Park is situated along Grange Road in district 10 and is composed of 174 apartment units with car parking lots that was 248. All units in Gramercy Park are featured with contemporary designs and spacious layout and are completely fitted with best quality finishes, designers’ wardrobes and first class designer fittings and appliances. Total variety of condominium facilities which include concierge service and private elevators may also be only accessible to residents of Gramercy Park.

Other than being located close to the bustling Orchard shopping eden, Gramercy Park Singapore is also near schools like Alexandra Primary School, River Valley Primary School, Crescent Girls School, Raffles Girls’ College (secondary) and international schools such as Chinese International School and Overseas Family School.

This residential development is attractively designed to nurture a mixture of sculpture garden areas that were contemplative and active outdoor health and wellness. In addition, the whole project can be landscaped with a grand yard of about the size of 4 tennis courts. The grand lawn is about feet and minimises square 11,571 the effect of the surrounding developments around the project, making a serene and within retreat tranquil an urban surroundings.

More info @ http://sgpropertyzone.net/gramercy-park/

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