Piccadilly Grand

CDL-MCL Land make a $445.9 million bid for Farrer Park land parcel:

Developers’ hunger for land was evident in the fierce bidding for the 1st residential government land sales (GLS) tender for year 2021, which closed on 27th April 2021. There was a total of 10 bids and an attractive bid price for the Northumberland Road GLS site. It is named Piccadilly Grand and the commercial component is called Piccadilly Galleria.

This Northumberland Road 99-year leasehold new launch condo parcel falls under the 2nd half 2020 GLS programme. After the Covid-19 pandemic lockdown began on 7 April 2020 in Singapore, this is the 2nd GLS tender to conclude.

The winning bid for this Farrer Park new condo launch was placed by City Developments (CDL) along with MCL Land through their subsidiaries, Maximus Residential SG and Maximus Commercial SG. In comparison, this is just 5.7% more than the second-highest bidder, who offered $421.9 m.

The awarded bid is $1,129 per square foot per plot ratio (psf ppr). In the vicinity, there was an earlier GLS site whose tender closed on 10 Jan 2017. It is now home to Uptown @ Farrer at Perumal Road with a bid of $1,001 psf ppr.

Uptown @ Farrer is a mixed-development that is 24-storey tall comprising 116 residential units, 7 commercial shop lots and 240 serviced apartments. The Singapore condo is developed by Low Keng Huat (Singapore) Limited. Currently, it is 91% sold with only 4 units left in the inventory at this point of writing. Through this new GLS purchase at Northumberland Road, CDL is able to have a healthy stock level.

A mixed-use building with the first storey commercial will be developed on this Farrer Park Singapore new condo site. There will be 23 storeys with 405 residential units and commercial retail shops. Additionally, the ground level will host a childcare and an infant care centre.

The site is located near Farrer Park MRT station, Mustafa Centre and City Square Mall. A short walk away is Connexion which is an integrated hotel and medical building.

Analysts estimate the project’s price at $1,900 to $2,100 per square foot (psf).

Two other sites in the Outside Core Region (OCR), namely Ang Mo Kio Ave 1 and Lentor Central in subsequent GLS tenders closed on May 25 at $1,118 psf and Jul 29 at $1,204 psf respectively. The Ang Mo Kio Ave 1 site was hotly contested by 15 bidders, with UOL Group Limited, Singapore Land Group Limited and Kheng Leong Company awarded the top bid at $381.4 million. The Lentor Central mixed-use land parcel sits next to the Lentor MRT station and was won by the highest bidder, GuocoLand at S$784.1 million amongst nine bids submitted.

With declining private housing supply in the city-fringe area and strong demand for new condo launches, Piccadilly Grand new launch condo tender might have faced robust competition in the bidding war.

Any enquiries, please call our hotline: +65 61002500 | Return to HOME | CENTRAL EAST (KALLANG, GEYLANG)

 

Piccadilly Grand Location

Northumberland Road Condo New Launch CondoPiccadilly Grand Northumberland Location Map

Piccadilly Grand Project Factsheet

Project Name Piccadilly Grand
Developer Maximus Residential SG and Maximus Commercial SG (subsidiaries of City Developments (CDL) along with MCL Land)
Address 1, 3, 5 Northumberland Road
District 8
Tenure 99 years LH wef Aug 2021
Gross Floor Area (GFA) 36,679 m2
Plot Ratio 4.2
Expected TOP 2026, 2nd Aug
Expected Date Of Legal Completion TBA
Total No. of Blocks & Storeys 3
Total No. of Units 407
Land Area Approx. 8,732.9 m2 / Approx. 94,000.94 ft2
No. of Car Park Lots
  • 330 Residential Carpark Lots (includes 4 accessible lots + 3 EV lots) 80% provision
  • 14 Commercial Carpark Lots (includes 1 accessible lot)
Architect ADDP Architects LLP
Landscape Consultant Tinderbox Pte Ltd
Interior Designer 2nd Edition Pte Ltd
M&E consultant TBA
Structural Consultant TBA
Main Contractor China Construction  (South Pacific) Development Co Pte Ltd
Solicitor TBA
Piling Contractor TBA

 

Piccadilly Grand Unit Type & Mix

No. Of Bedrooms Size (sqft) No. Of Units Piccadilly Grand Est. Price
1 Bedroom 484 42 $TBA
1 Bedroom + Study 484 43 $TBA
2 Bedroom 646 40 $TBA
2 Bedroom + Study 678 80 $TBA
3 Bedroom 883 20 $TBA
3 Bedroom + Flexi 1076 81 $TBA
4 Bedroom + Flexi 1410 20 $TBA
4 Bedroom Dual Key 1378 41 $TBA
5 Bedroom 1582 20 $TBA
5 Bedroom  Premium 1679 20 $TBA
Total No. Of Units Estimated 407

(Sizes subject to change)

Piccadilly Grand Developers: CDL & MCL


Piccadilly Grand Developer CDL

Piccadilly Grand Developer MCL

 

Piccadilly Grand Facilities Site Plan

COMING SOON

Why Piccadilly Grand is a Must-Buy:
  • √ RENOWNED DEVELOPERS: 2 big and well-known names in the real estate industry with many accolades under their belts
  • √ PLUMP CITY-FRINGE SITE: Lies in district 8 which is just next to one of the most prime districts of Singapore
  • √ MIXED-USE DEVELOPMENT: Residential with 1st level commercial facilities to cater to the convenience of residents
  • √ DIRECT LINK TO MRT STATION: It is the only development in the area to be directly connected to the Farrer Park MRT station
FACILITIES FACILITIES
 

  • 1. TBA
  • 1. TBA

PICCADILLY GRAND EBROCHURE & FLOOR PLAN


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COMING SOON

 

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