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.