Piccadilly Grand Condo Review
The Urban Redevelopment Authority (URA) has awarded a tender for the Piccadilly Grand site listed under the Government Land Sales (GLS) Programme to a joint venture of City Development Limited (CDL) and MCL Land. This comes after the two developers submitted a joint winning bid of $445,888,000 or $1,129 psf ppr beating other bidders.
Today, I'm going to give my verdict about this new launches in the city fringe - Piccadilly Grand, an integrated development. Piccadilly Grand is a 99 Years development located at Northumberland Road in D08 - Farrer Park / Serangoon Road of Singapore. The development is brought to you by CDL / MCL. Piccadilly Grand comprises a total of 407 units. Piccadilly Grand is targeted to be completed in 01/08/2026.
A good investment
Piccadilly Grand has the trappings of a good investment on paper. Its integrated nature means immediate connectivity to Farrer Park MRT and its city fringe location means that getting to Orchard Road, shopping belt or Centra Business District (CBD) by car or MRT is both very convenient.
This Northumberland site was won by first-time JV partners CDL and MCL via a Government Land Sales (GLS) tender in 2021 for $445.9 million. The tender was well sought after and attracted 10 bidders as new private residential supply ran thin and the winning margin over the second highest bidder was a mere 5.7%.
Piccadilly Grand's main selling point lies in its integrated development with direct access to Farrer Park MRT, a retail component named Piccadilly Galleria downstairs, and a childcare centre for both residents and the neighbourhood.
The Piccadilly Grand complete with communal facilities, is set out in 3 towers, each 23 storeys high. These house a total of 407 units, ranging from one bedders to 5 bedroom units.
Just below half (49%) of the apartments are one- and two-bedroom units. One-bedders of 484 sq ft make up 85 units in the development, and they are priced from $1.058 million ($2,186 psf). Two-bedroom units of 646 to 678 sq ft account for 120 units, and they are priced from $1.348 million ($2,087 psf). The two-bedders are said to have a “dumbbell” layout with the two bedrooms and bathrooms on either side of the living and dining area.
Three-bedders with sizes from 883 to 1,076 sq ft make up 101 units, including those with flexi space. Prices for these units start from $1.788 million ($2,025 psf). Four-bedroom types make up 61 units, with four-bedroom dual-key units of 1,378 sq ft priced from $2.738 million ($1,987 psf). Five-bedroom and premium units make up the remaining 40 units. They have sizes from 1,582 to 1,679 sq ft and come with private lifts. Prices for five-bedroom units are upwards of $3.028 million ($1,914 psf).
Nestled in a desirable city fringe location with Farrer Park MRT station a few steps away, Piccadilly Grand offers a good investment opportunity. Living here means quick access to amenities of all kinds from schools, food places, shopping malls, supermarkets to hospitals.
If you want to live in a convenient neighbourhood or invest in an area with promising returns, you should consider Piccadilly Grand.