Grandeur Park Price | Grandeur Park Indicative Pricing
The Grandeur Park indicative price ranges have just been announced, as follows:
|DESCRIPTION||PRICE RANGE||SQ FT||SQ M|
|1 Bedroom||$557K – $695K||420||39|
|1BR + Study||$645K – $780K||452 – 474||42 – 44|
|2BR Classic||$729K – $945K||549 – 581||51 – 54|
|2BR Deluxe||$803K – $1.01M||592 – 624||55 – 58|
|2BR + Study||$913K – $1.07M||667 – 678||62 – 63|
|3BR Classic||$1.073M – $1.315M||883 – 893||82 – 83|
|3BR Deluxe||$1.269M – $1.44M||969 – 980||90 – 91|
|4BR Classic||$1.498M – $1.65M||1,130||105|
|4BR Deluxe||$1.609M – $1.775M||1,238||115|
|4BR Premium||$1.64M – $1.835M||1,238 – 1,270||115 – 118|
|5BR Premium w Pte Lift||$1.876M – $2.05M||1,453||135|
|Shops||From $3,500 PSF up||269 & 291||25 & 27|
The above Grandeur Park price ranges look pretty reasonable for a location right next to an MRT station, and certainly lower than the nearest neighbouring launch.
If you have a very limited budget and would like one of the lowest priced units here, do sign up below to be one of the early birds, as such units tend to be snapped up on the first day of launch.
Grandeur Park Price · Grandeur Park Pricing Outlook
The URA land sale for this Grandeur Park site was pretty hotly contested by 8 bidders. In fact the top bids came in rather close, and it’s easy to see why. There are only so many sites that can fit immediately around an MRT station. In addition, land around stations are mostly already built up.
Tanah Merah is possibly one of the few to still have virgin land left on the East-West MRT line. Much of it is already taken up. There is only one small land parcel left across the road, and another plot between Grandeur Park and The Glades.
Analysts are expecting the last plots to be fiercely contested when URA finally releases them for sale, perhaps a couple of years down the road. In which case, it would be good for Grandeur Park buyers, as that would drive values further up.
Grandeur Park Price · Comparative Market Analysis
Where new launches are concerned, there is little competition to Grandeur Park. There have been no new launches around this location since the Glades launched in 2013.
The earlier launches like Urban Vista and eCo have sold out. The nearest developer sales on the East West MRT line with units still available are either Coco Palms in Pasir Ris, or Sims Urban Oasis at Aljunied.
Nearby, the Glades is now 93% sold, and remaining choices are limited. Average pricing for Glades was around $1,425 PSF, with one bedders starting from $700K up, 2 bedders from $840K up, and 3 bedders from $1.25M up, for similar sizes.
In comparison, the Grandeur Park price ranges look lower.
GRANDEUR PARK PRICE · SHOWFLAT VIEWING · VIP PREVIEW
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