Grandeur Park Residences is a 99-year leasehold private condominium located at New Upper Changi Road and Bedok South Ave 3. This exquisite development is situated right beside Tanah Merah MRT Station and is developed by renowned developer Chip Eng Seng (CEL). This development is set to launch in early 2017 and will be a hot favourite for Easties. Grandeur Park Residences is estimated to yield around 500-600 residential units.
Grandeur Park Residences: Location
PROXIMITY TO MRT STATION
Located just 100m away from Tanah Merah MRT Station, Grandeur Park Residences is just 5 minutes MRT ride away from Changi. Moreover, the journey to Raffles Place will only take 20 minutes via MRT. Grandeur Park Residences is well-connected to amenities, with shopping centres such as Expo, Bedok Mall and the upcoming Jewel@Changi just a stone throw away.
LAND BID LOWER THAN NEIGHBOURS
There were a total of 8 bids for this land parcel and developer CEL managed to clinch the site at $419million. This translate to a $580 ppr which means the development could be launch for sale from around $1,200 – $1,300PSF. The average price for neighbouring development The Glades stands at $1,422PSF.
CHANGI JEWEL – $1.7BN PROJECT
Grandeur Park Residences is located within 5 minutes commute from the upcoming Jewel@Changi. Changi Jewel is a mega-mall with 5 levels above ground as well as 5 basement levels. Over $1.7 billion has been invested into this massive project which will be completed in 2018. Over 70% of the 134,000 sqm of land will be utilized for retail, which means that tenants will be flooding in.
CHANGI AIRPORT TERMINAL 5
Grandeur Park Residences will also be completed around the same time as the upcoming Changi Airport Terminal 5. This is a further extension to the current airport is is estimated to further create jobs and vibrancy around the Changi region. Just for your information, Changi Airport Terminal 5 will be 10 times bigger than Vivo City. It is going to be massive.
Bukit Batok West Avenue 6
Grandeur Park Residences @ Tanah Merah
|Tenure:||99 Years Leasehold|