Grandeur Park Residences

Grandeur Park Residences will be the next Tanah Merah new condo to be launch.  This new residential site at New Upper Changi Road/Bedok South Avenue 3 (parcel B) was originally on the Reserve List of the Government Land Sales (GLS) programme.  The URA had on 7 January 2016 accepted a successful application for the site to be triggered for sale.  It attracted a total of 8 bids at the close of tender.  Chip Eng Seng‘s CEL Residential Development offer the highest bid of S$419.38 million.  This translates to about S$8,186.54 per square meter which is around S$761 per square ft.  The second highest bid came from Allgreen Properties at S$415.89 million which was less than S$4 million from the top bid.  China Construction (South Pacific) Development was third with a bid of S$395.92 million.

This Tanah Merah new launch site is 24,394 sqm and can yield a maximum Gross Floor Area (GFA) of 51,228 sqm.  Grandeur Park Residence will benefit from its close proximity to the Tanah Merah MRT station.  

tm residences

CEL Development Pte Ltd is a wholly owned subsidiary of Chip Eng Seng Corporation Ltd.  It has been actively acquiring sites for property development and investment since the year 2000.  Their current portfolio includes mid-market to high-end prime properties.  These include residential, commercial and industrial properties.

Their fully sold projects include My Manhattan, Alexander Central, 100 Pasir Panjang, Junction Nine and Nine Residences etc.  Current Project for sale is Fulcrum and High Park Residences.

Chip Eng Seng said that about 500 sqm of the gross floor area will be used for a childcare center.  It also proposed to build about 720 residential units with full condominium facilities. 

Grandeur Park Residences will be launching in 1st week March 2017.  

Grandeur Park Residences Indicative Price (For Preview Day Only)

1 bedrm / 1+study – from $557k 

2 bedrm/ 2+study – from $729k 

3 bedrm – from $1.073m

4 bedrm – from $1.609m 

5 bedrm – from $1.876m

 

For the latest info and invitation for Grandeur Park Residences Preview of Show Unit.

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