CDL partnership with MCL Land will be developing 99-year leasehold residential property

Piccadilly Grand Northumberland Road is situated within the Farrer Park area. The property is intended to be used for residential purposes and commercial retail spaces are situated within the center. The land could be developed into 405 apartments, ranging from 23 to 24 stories. The project is anticipated to be completed by 2026.

City Developments (CDL) and its joint with a joint venture partner MCL Land will be developing 99-year leasehold residential property located on Northumberland Road.

CDL-MCL competed against the top bidders at the auction for land that was held in GLES. Government (GLS) tender and was awarded the amount in the range of $445.9 million. It's $1.129 per square foot per pound more than the floor area (GFA) which amounts to 394,809.46 sq. feet.

The cost will be 5.7% higher than the second highest offer of $422 million, which is $1,069 in ppr by Winrich Investment, and 74.2% over the lowest offer of $256 million made by Japura Development. It's more expensive than prices at the previous GLS site, Uptown @ Farrer located in Perumal Road, which was transferred by Low Keng Huat (Singapore) Limited for $1,001 per PSF on the 17th of the 17th of January the 17th of January, 2017.

Based on the most expensive price of $1,129 the break-even point for a developer could range from $1,800 and $1.900 in square feet. This is because the price of launching each condominium can be as little as $2,100 per square foot, and up to $2,200 for a square foot.

CDL is an elite real estate firm with a vast collection of over 112 sites across 30 states and countries. One of the largest companies globally by market capitalisation, the Singapore Exchange, CDL's portfolio includes offices, residential homes, and malls that have apartments that are serviced and integrated developments.

The area is located near Farrer Park MRT and Little India MRT located on the North-east Line. Downtown Line residents of Piccadilly Grand are able to access the city's central part within a matter of minutes. The area is serviced by a variety of buses, including straight routes leading to the Orchard Road. Orchard Road shopping belt.

The region in the area of Farrer Park MRT and Little India within close proximity potential buyers enjoy the advantage of shopping malls, food outlets , and eateries, along with tasty food hawkers in the area.

The residents can have conveniences within their own front yards. This is especially applicable to the huge selection of stores for groceries located at Mustafa Centre and City Square Mall which is in which Fairprice and Donki are located.

The floor plan diagram for Piccadilly Grand is expected to be revealed shortly! Join for a totally free VVIP to receive the latest information on the progress.

Farrer Park Station being served by the North-East Line as well as The Downtown Line residents living on Piccadilly Grand are able to effortlessly commute to work from the city's central area and get to the most popular places like Marina Bay, Fort Canning, Chinatown, Clarke Quay and Harbourfront.

In the event that you're buying condo units for the entire family or for a single and for investment purposes, an all-new condo on Northumberland road is a fantastic choice for capital appreciation since it is located in area of Singapore's Core Central Region (CCR) located in Singapore and has a fantastic connection to the city of Singapore. It's expected to be a highly sought-after property for years to be.

Foodies are also spoiled by the wide array of eating options available within the region. It is the home of Tekka Centre along with Pek Kio Market and Food Centre for a taste of delicious local cuisine as in addition to the many South Asian restaurants along Farrer Park and Little India, the famous dim sum restaurant, Swee Choon along with cafes and bars serving breakfast on weekends, as well as coffee.

In this vibrant neighborhood residents are also able to engage their children in the intriguing history and culture that is The Little India heritage district in just two steps. Green parks such as Fort Canning Park and Botanical Gardens are easily accessible through the simple MRT journey along The Downtown Line.

because KK Women's & Children Hospital is located within the property The Piccadilly Grande property is ideal for couples who are planning to start families in order to ensure that both parents and children are able receive top-quality medical treatment without having to travel further.

In the outer reaches of Singapore's city. properties are located within Farrer Park are extremely popular with young homeowners looking for a low-cost private property near their work area close to the Singapore's CBD as well as easy accessibility to the whole city of Singapore via public transportation.

The property is located in Northumberland Road is a welcome new addition to the area and is perfect for people seeking to purchase an property within the Farrer Park region.

The most well-known development within this project portfolio is the highly-acclaimed South Beach mixed use development. It is a beautiful, well-groomed green roof garden. The property was planned to be an illustration of sustainable development, as well as Singapore's dream was "City with Gardens".

Its Piccadilly Grand unit located at the Northumberland Road site is suitable for couples of all age groups, singles and families, and people looking to invest due to its ease of access and the high demand for properties within the vicinity. Farrer Park Primary School is only a few steps away from the renowned St. Joseph's Institution is accessible via The Downtown Line.

The most reputable medical facilities are located within close proximity. When the project is completed, it will be a property is located near Connexion Singapore's first hotel and hospital complex, offering healthcare and hospitality, as well as preventive medical services, as along with medical training and education in one place. Farrer Park Medical Centre is located in the west in Connexion and is only five minutes walking distance from our apartment. KK Women's and Children's Hospital is only a 10 minutes walk.

A major homeownership developer in that region. MCL Land has established an impressive track record in the construction of high-quality homes over the last 50 years. The extensive assortment that is MCL Land includes top residential properties that are located in Hong Kong, Singapore, Malaysia, China, Vietnam, Philippines, Indonesia and Thailand. The most well-known developments include The Estuary, UBER 388, Este Villa, Terrasse, Palms @ Sixth Avenue, Hallmark Residences, Ripple Bay, J Gateway, Sol Acres, LakeVille Lake Grande, Margaret Ville and Parc Esta.