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  • Writer's picturePriscilla Low

[Updated: 2024 Edition] Wassup with Piccadilly Grand? An Integrated Development With Direct Access to Farrer Park MRT

Updated: Apr 2


Piccadilly Grand is a new residential development in Singapore's District 8, developed by CDL and MCL. Offering a variety of unit types from 1 to 5 bedrooms, this leasehold property is expected to TOP by August 2026. Located near Farrer Park NE8 and Little India DT12 MRT stations, it offers convenient access to amenities. The average sale PSF over the past 6 months is S$2,008, with a slight decrease in transaction prices. The development is popular among Singaporeans, who make up 89.9% of the buyers.
Frontage 3D Perspective of Piccadilly Grand

Anyone with a mild interest in the property market would have heard about Piccadilly Grand, the only integrated development with direct access to Farrer Park MRT - the first mega launch of 2022. What's the buzz about this development, which had been fully sold since July 2023?


  • Because of the possible attractive prices at the launch?

  • Because of its strong investment and growth potential?

  • Because of the unique features of Piccadilly Grand?

Well, for a development that sold 77% on its launch day in May 2022 and fully sold within a year, well before its TOP date, it is a strong testament of the quality and potential of this development.


Well, we don't have a crystal ball for the first two points, but we can review the third point. Astute buyers are always looking to buy the difference of a development. Let's see if Piccadilly Grand has what it takes to be different.



1. Type of Development - How Rare Is Piccadilly Grand, Integrated Development at Farrer Park?


Piccadilly Grand is a 99-year leasehold residential development which has both commercial amenities and direct access to MRT [See below visuals: MRT exit E will lead directly into the development]. How rare is it? Let's do a check.


Piccadilly Grand is a new residential development in Singapore's District 8, developed by CDL and MCL. Offering a variety of unit types from 1 to 5 bedrooms, this leasehold property is expected to TOP by August 2026. Located near Farrer Park NE8 and Little India DT12 MRT stations, it offers convenient access to amenities. The average sale PSF over the past 6 months is S$2,008, with a slight decrease in transaction prices. The development is popular among Singaporeans, who make up 89.9% of the buyers.
3D Perspective of Farrer Park MRT Sheltered Entrance and Exit at Piccadilly Grand

Piccadilly Grand is a new residential development in Singapore's District 8, developed by CDL and MCL. Offering a variety of unit types from 1 to 5 bedrooms, this leasehold property is expected to TOP by August 2026. Located near Farrer Park NE8 and Little India DT12 MRT stations, it offers convenient access to amenities. The average sale PSF over the past 6 months is S$2,008, with a slight decrease in transaction prices. The development is popular among Singaporeans, who make up 89.9% of the buyers.
Connectivity Map of Piccadilly Grand: Easy Access To MRT, Food Centre, Primary Schools, Retail Malls and More

According to BCA :

  • How many condominiums are there in Singapore? According to BCA's database on data.gov.sg (updated in Feb 21), there are more 4,500 MCSTs. And this number does not include condominiums under construction.

  • How many MRT stations in Singapore? According to LTA, there are over 130 MRT stations. If there is a 'Piccadilly Grand' at every MRT station, which isn't the case, this unique type of condominium will make up less than 3%.

  • Doing a rough check, there should be less than 25 developments of such nature which means there are less than 1% of such developments in Singapore, and Piccadilly Grand is the only one in District 8.


Verdict: This does make Piccadilly stand-out among its peers, which also means it faces little competition and is a natural market dominance in its district. On a daily practical front, this feature offers buyers complete shelter from the natural elements, without having to worry about the rain, sun or dangers of crossing busy roads especially for seniors and young children. Plus its commercial mix, consisting of a childcare centre, dining and retail options, addresses the basic needs of its residents.



2. Connectivity - How Well-Connected Is Piccadilly Grand?


Your home is the starting and ending point of your every day routine. Located along the North-East MRT Line [purple] and being a city-fringe location, there are five MRT interchanges within three stops of Farrer Park to connect buyers to all MRT Lines in the network:

  1. 1 stop to Little India for Downtown Line [blue]

  2. 2 stops to Newton for North-South Line [red]

  3. 2 stops to Dhoby Ghaut for North-South Line [red] and Circle Line [yellow]

  4. 3 stops to Bugis for East-West Line [green]

  5. 3 stops to Orchard for North-South Line [red] and Thomson-East Coast Line [brown]

Piccadilly Grand is a new residential development in Singapore's District 8, developed by CDL and MCL. Offering a variety of unit types from 1 to 5 bedrooms, this leasehold property is expected to TOP by August 2026. Located near Farrer Park NE8 and Little India DT12 MRT stations, it offers convenient access to amenities. The average sale PSF over the past 6 months is S$2,008, with a slight decrease in transaction prices. The development is popular among Singaporeans, who make up 89.9% of the buyers.
Singapore MRT Map: Access to all MRT Lines Within 3 Stops Of Farrer Park

For drivers, you are in close driving proximity to city centre e.g. Suntec, South Beach, Raffles City, Central Business District and the up-and-coming Bugis Midtown area.

Piccadilly Grand is a new residential development in Singapore's District 8, developed by CDL and MCL. Offering a variety of unit types from 1 to 5 bedrooms, this leasehold property is expected to TOP by August 2026. Located near Farrer Park NE8 and Little India DT12 MRT stations, it offers convenient access to amenities. The average sale PSF over the past 6 months is S$2,008, with a slight decrease in transaction prices. The development is popular among Singaporeans, who make up 89.9% of the buyers.
Short Drive 10-15mins To Various Parts Of Singapore: CDB, Sports Hub, Lavender MRT etc

And with direct access to Farrer Park MRT and its underpass network, residents are able to head easily to City Square Mall, which is owned and managed by CDL. At this mall, their selection of shops will cater to your every needs (see below). Other amenities in the area also include Pek Kio Market and Food Centre, which boasts a Michelin Bib Gourmand Chee Cheong Fun and other affordable and delicious local fare, Centrium Square and 24-hr Mustafa Centre and more.

Piccadilly Grand is a new residential development in Singapore's District 8, developed by CDL and MCL. Offering a variety of unit types from 1 to 5 bedrooms, this leasehold property is expected to TOP by August 2026. Located near Farrer Park NE8 and Little India DT12 MRT stations, it offers convenient access to amenities. The average sale PSF over the past 6 months is S$2,008, with a slight decrease in transaction prices. The development is popular among Singaporeans, who make up 89.9% of the buyers.
Piccadilly Grand - Minutes Walk To City Square Mall With A Variety of 200 Shops

Verdict: Well, its connectivity is definitely unparalleled. Some may say that this could be a common feature for RCR and CCR developments, but how many would have access to all MRT lines within a 10-min MRT ride.



3. Price Tag: Is Piccadilly Grand Value-For-Money?


Let's zoom straight into the juicy part. How does Piccadilly Grand fare against the recent transacted prices of new launches that are within close proximity to MRT stations? Let's check out the table below for 3BRs:

Name of Condo [Tenure]

No. of Units

Type

Distance to MRT

Latest PSF For 3BR (as at 22/02/24)

Pasir Ris 8

487

Mixed Devt

Direct Access to Pasir Ris

At about $1,891

Sengkang Grand Residences [99]

680

Mixed Devt

Direct Access to Buangkok

At about $1,946

Piccadilly Grand [99]

407

Mixed Devt

Direct Access to Farrer Park

At about $2,122

Lentor Modern

605

Mixed Devt

Direct Access to Lentor

At about $2,153

Woodleigh Residences [99]

667

Mixed Devt

Direct Access to Woodleigh

At about $2,453

The Gazania [FH]

250

Residential Devt

5 mins to Bartley

At about $2,317

J'den [99]

368

Mixed Devt

5 mins to Jurong East

At about $2,540


Verdict: Comparatively, the transacted prices of Piccadilly Grand are in a sweet spot. It is indeed a development worth exploring and worthy of investing. Please contact me if you wish to explore buying a unit at Piccadilly Grand or to know what other undervalued new launch gems there are in the current market.


4. Developers: Who Are The People Behind Piccadilly Grand?


This land was a coveted item during the Government Land Sales with 10 bids, and the winning bid was secured by CDL and MCL Land at $1,129 psf, just barely 5% from the second highest bid.


This is the first partnership between two prominent developers with a very renowned architect, ADDP. Speak to any property investor in the market and this is what you may hear about them:

  • CDL has been around for a long time

  • MCL is very strong in Hong Kong and has been in Singapore for more than 50 years

  • They have built the most number of developments in Singapore, and many received very strong sales on launch day

  • MCL even had a 100% sell-out project aka all units sold within a single launch day

  • ADDP is one of the top architect in Singapore

  • ADDP has won many awards [last check is over 240 awards]


Verdict: With such a winning combination, it is a testament of their confidence in the potential of this development. And we can expect nothing else from such a lethal partnership. Indeed, their site plan and floor plans have been very thorough and considerate.



5. Site Map: What Amenities Does Piccadilly Grand Offer?


For one, Piccadilly Grand is one of the few mixed development that offers a grand arrival lounge for its guest. In most mixed developments, this grandeur is often sacrificed and guests would enter the development via its respective lift lobbies. All amenities and units are located from level 3 or 4 onwards and from this arrival lounge, residents and guests are welcomed by a botanical spa pool featuring a cascading waterfall with bountiful greenery and aquatic plants.


Piccadilly Grand is a new residential development in Singapore's District 8, developed by CDL and MCL. Offering a variety of unit types from 1 to 5 bedrooms, this leasehold property is expected to TOP by August 2026. Located near Farrer Park NE8 and Little India DT12 MRT stations, it offers convenient access to amenities. The average sale PSF over the past 6 months is S$2,008, with a slight decrease in transaction prices. The development is popular among Singaporeans, who make up 89.9% of the buyers.
3D Perspective of Botanical Spa Pool at Piccadilly Grand - One of the 5 Relax Zones

This spa pool is one of the five specially curated lifestyle zones of this development which includes botanical zone, tranquility zone, vitality zone, social zone and arrival zone. With a unit mix of 407 units, this development has three clubhouses, a co-working lounge, children pool, family pool, lap pool and multi-purpose court among others.

Piccadilly Grand is a new residential development in Singapore's District 8, developed by CDL and MCL. Offering a variety of unit types from 1 to 5 bedrooms, this leasehold property is expected to TOP by August 2026. Located near Farrer Park NE8 and Little India DT12 MRT stations, it offers convenient access to amenities. The average sale PSF over the past 6 months is S$2,008, with a slight decrease in transaction prices. The development is popular among Singaporeans, who make up 89.9% of the buyers.
3D Perspective of Piccadilly Grand's Clubhouse, Vitality Pool and The Dining Room

The site map is also thoughtfully conceptualised where there are hidden gems in almost every corner. All units are north-south facing and none faces direct west sun. The blocks are intentionally staggered to offer better vantage view and there is a good block distance of at least 22m to allow good airflow.


Patio units have PES that opens up to the garden areas, instead of walkways, to create a private resort feel and a soothing ambience to unwind after a hard day's work.


Every stack is able to enjoy a beautiful downward view and it is one of the few developments where certain smaller units have premium views or are corner units [Spy stack 16, 17, 06 and 19].

Piccadilly Grand is a new residential development in Singapore's District 8, developed by CDL and MCL. Offering a variety of unit types from 1 to 5 bedrooms, this leasehold property is expected to TOP by August 2026. Located near Farrer Park NE8 and Little India DT12 MRT stations, it offers convenient access to amenities. The average sale PSF over the past 6 months is S$2,008, with a slight decrease in transaction prices. The development is popular among Singaporeans, who make up 89.9% of the buyers.
Site Map of Piccadilly Grand - Locations Of The Various Unit Type And Its View Facing

Verdict: While it may not have full condominium facilities which often include a tennis court, its facilities are adequate for the residents to relax, recharge and rejuvenate. Its site map is indeed maximised and strategically planned to offer best views, functionality and practicality for its buyers.



6. Layout: What Floor Plans Does Piccadilly Grand Offer?


Piccadilly Grand has a unit mix of 1BR to 5BR, and many of their floor plans offer outstanding efficiency to maximise usable space and functionality. Let's review some of it.


All units boasts a comfortable ceiling of 2.8m with the penthouse units having a higher ceiling of 5m at the living and dining areas. Elevated from the ground with the commercial units on the ground floor, and the carpark located above, the lowest units start from 3rd/4th storey which is sufficiently high enough compared to its nearby buildings.


Piccadilly Grand is a new residential development in Singapore's District 8, developed by CDL and MCL. Offering a variety of unit types from 1 to 5 bedrooms, this leasehold property is expected to TOP by August 2026. Located near Farrer Park NE8 and Little India DT12 MRT stations, it offers convenient access to amenities. The average sale PSF over the past 6 months is S$2,008, with a slight decrease in transaction prices. The development is popular among Singaporeans, who make up 89.9% of the buyers.
Piccadilly Grand - Floor Plan Comparison of the 2-Bedroom and 2-Bedroom + Study

These are two of the 2BR layouts. One distinctive feature is that the layouts have C-shape kitchens which offer the flexibility for buyers to install a sliding door and enclose the kitchen if they do loads of heavy cooking. This 2BR layout [left layout] left a deep impression in many buyers as it does not include balcony, and its dumbbell layout with bedrooms on the both sides of the living area allows every inch of space to be maximised.


For those who adore privacy, the 2BR+S unit [right layout] will appeal to you. Apart from having the bedrooms on one side which allows privacy of the sleeping areas, this unit is also a corner unit. For buyers who like the dumbbell layout, there is also a 2BR + S layout in the dumbbell layout. You can view this dumbbell layout at the show flat.


Piccadilly Grand is a new residential development in Singapore's District 8, developed by CDL and MCL. Offering a variety of unit types from 1 to 5 bedrooms, this leasehold property is expected to TOP by August 2026. Located near Farrer Park NE8 and Little India DT12 MRT stations, it offers convenient access to amenities. The average sale PSF over the past 6 months is S$2,008, with a slight decrease in transaction prices. The development is popular among Singaporeans, who make up 89.9% of the buyers.
Piccadilly Grand - Floor Plan Comparison For The 4-Bedroom and 5-Bedroom

Next, let's take a look at the bigger 4BR and 5BR units. For those looking for dual key, looks no further. This is possibly the few 4BR dual key unit among the new condominiums. Its dual key unit is a well-equipped studio with bath, kitchenette, washer and balcony. It is perfect for a multi-generation home, your home office or to be put up for rental to create an extra stream of passive income, without incurring any ABSD charges.


The other 4BR and 5BR units showcase ensuite bath for all bedrooms. This is also very rare in most developments. And this is cleverly achieved through the use of jack-and-jill toilets where buyers need not have pay excessively for unnecessary toilet space.


This is just a quick glance of some of the floor plans. Click HERE for a full set of the floor plans.



7. Investment Potential: Are There Any Growth Potential For Piccadilly Grand?


Very often, developments that are located within or near growth hotspots are likely to see higher possibility of profits due to the Government's effort to rejuvenate the area. And Piccadilly Grand is strategically located within not one, but a few of such hotspots.


Why does it matter to be part of these hotspots? Very often, it could mean:

  • more buzz and awareness of the area thus making it more attractive to buyers and tenants

  • more land sales which could bring higher prices in the future

  • a larger pool of tenants and buyers

  • transforming the profile and character of the area

Novena Transformation [2km walk from Piccadilly Grand]


Image showcasing Novena Health Hub, a modern healthcare facility located in the heart of Novena, District 11, Singapore. The hub is part of the vibrant Novena medical cluster, offering a range of medical services and facilities. It's conveniently located near residential developments like Neu At Novena and Novena Suites, and is easily accessible via Novena MRT station
Piccadilly Grand - 2KM walk to nearby Novena Health Hub and its Transformation

By 2030, the entire landscape at Novena would have been transformed as new buildings and facilities are added. Named Health City Novena, it will extend beyond healthcare to include health services, research and education, commercial, leisure and public spaces.


Furthermore, with the moving-out of the Communicable Disease Centre, that land has since been categorised for residential purpose and this will be a prized gem in the rough. With more land sales in the Novena area, it is likely to fetch higher prices for its neighbouring developments as the overall area transforms itself. This health hub will also bring about a steady demand for rental as foreign medical professionals and healthcare workers often stay near their workplaces due to their work demands.


Kallang Transformation [3km walk from Piccadilly Grand]


Discover the exciting transformation of Kallang, a vibrant district in Singapore. Experience the blend of residential, commercial, and recreational developments, as well as the rejuvenation of historical sites. Enjoy easy access to the city with enhanced connectivity through the upcoming Stage-6 of the Circle Line. Explore the lifestyle opportunities in this dynamic district, a testament to Singapore's urban planning and development
Piccadilly Grand - 3KM walk to Kallang Transformation and The Upcoming Stage-6 Circle Line

Kallang Bahru Industrial area is another hotspot that was announced in 2017. This Kallang transformation focuses on injecting life and building communities along the Singapore’s longest river, Kallang River.


The existing Kallang Industrial Estate will also be transformed, in the longer term, into an attractive mixed-use precinct along the waterfront. This also brings about another pool of professionals, especially those in the arts, design and architect industry, and add demand for rental and buying in District 8.


HDB Prime Location Public Housing [1km walk from Piccadilly Grand]


Another rejuvenation is the HDB's Prime Location Public Housing (PLH) at the Kallang Whampoa precinct. These HDB units are priced from $353,000 to $462,000, without grants, for a three-room flat, and $488,000 to $675,000 for a four-room flat.


Owners of the Kallang/Whampoa flats will have to pay 6% of the resale price or valuation, whichever is higher, to HDB when they sell their home on the open market for the first time. This also shows the confidence of the resale prices in District 8 in the upcoming years.


Reviewing the current HDB resale prices in the area, most are transacting over $1m. In Nov 2021, The Straits Times have also reported that more HDB upgraders are buying condominiums as resale prices rise. This trend will also form the exit strategy for buyers for Piccadilly Grand.


Piccadilly Grand is a new residential development in Singapore's District 8, developed by CDL and MCL. Offering a variety of unit types from 1 to 5 bedrooms, this leasehold property is expected to TOP by August 2026. Located near Farrer Park NE8 and Little India DT12 MRT stations, it offers convenient access to amenities. The average sale PSF over the past 6 months is S$2,008, with a slight decrease in transaction prices. The development is popular among Singaporeans, who make up 89.9% of the buyers.
Piccadilly Grand - HDB Upgraders Could Be Your Exit Strategy

Bugis Transformation [2km walk from Piccadilly Grand]


Bugis is another area that will be revitalised, especially with the upcoming Guoco Midtown plans. Guoco Midtown is a mega integrated which will comprise two condominiums, three retail clusters, a 30-storey office tower, a five-storey social networking club, and over 20 concept gardens and public spaces.


According to EdgeProp and the GuocoLand press release, the developer GuocoLand intends to build an underground link at Guoco Midtown, which will increase its accessibility to Bugis Interchange MRT Station, as well as Esplanade MRT Station via South Beach, and Promenade MRT Station as well as City Hall MRT Interchange Station through Suntec City.


In a recent Jan 2024 article, Guocoland announced that there was a 100% take-up rate of the retail spaces at Guoco Midtown. We can expect 50,000 sqft of retail space and lifestyle space with almost 30 dining options!


Looking at the sales of Midtown Modern, its PSF has increased significantly from an average of $2,800 psf during its launch where the 1BR and 2BR units were the most popular, and today's listed price of $3,760+PSF for 1BR and $3,150 PSF for their recent 2BR subsale.


When the plan comes into fruition, this is likely to add more upward price pressures and create spill-over effect for developments in its vicinity. Furthermore, the growing commercial activities in this area will also bring in a strong pool of white-collar tenants for Piccadilly Grand.


Dhoby Ghaut Transformation [2km walk from Piccadilly Grand]


The Government has plans to develop transform the various Orchard Road segments and specifically, Dhoby Ghaut would become a Green Urban Corridor.


Orchard District's transformation into a vibrant lifestyle hub with mixed developments for living, working, and leisure activities, as per Singapore's Master Plan 2019. Enhanced connectivity with the upcoming Stage-6 of the Circle Line in 2025. New housing projects in Marina South Area with community facilities and amenities.
Piccadilly Grand - 2KM to Orchard Transformation With More Family Friendly Attractions

The plans include building a continuous green oasis comprising Istana Park, Dhoby Ghaut Green and Plaza Singapura. One possibility is to pedestrianise the section of Orchard Road at this location, which will link up existing green spaces with the surrounding developments, and open up more spaces for activities in the area.


Upcoming changes could include:

  • family-friendly features and play areas for children within a lushly landscapes

  • new sheltered event space will allow for a variety of public events to take place

  • rejuvenation of Istana Park with themed gardens inspired by the botanical and horticultural traditions and practices seen throughout Singapore’s history

Overall, this will further increase the overall appeal of Orchard Road as a vibrant destination for families and bring about price appreciation of this area and those in its proximity. As a lifestyle, these gardens will be right at your backyard for your family's enjoyment.



8. Rentability: What Is The Expected Rental Prospects For Piccadilly Grand?


Farrer Park has a very rich history and heritage in Singapore. In the mid 19th century, Farrer Park was a sports and recreational hub where many affluent English men would hold regular horse racing competitions. Due to the influence of British culture, many streets in Farrer Park are named after places in London, including Northumberland, Gloucester and Dorset.


Within District 8, there is also the Big Four aka the four developments that often dominate the search engines when people are looking for the developments at District 8 - City Square Residences, Kerrisdale, Sturdee Residences and the newest TOP condo - Uptown@Farrer.


Let's check out the average rental for the 1 year [as at Feb 22] of these developments:

Explore Piccadilly Grand, a new launch residential development in Singapore's District 8, offering a variety of unit types from 1 to 5 bedrooms. Developed by CDL and MCL, this property promises quality living in a prime location. With an average sale price of S$2,170 psf and a diverse buyer profile, Piccadilly Grand presents a promising investment opportunity. Its proximity to Farrer Park NE8 and Little India DT12 MRT stations, and amenities like schools and shopping malls, make it an attractive choice for tenants, potentially leading to good rental yields.
Table of Median Rental Yield of District 8

With the forthcoming of Piccadilly Grand, it is likely to dominate the District 8 and claim the leadership position of the Big Four. Firstly, it will be the newest development. Secondly, it is the only mixed development with direct access to the MRT. Thirdly, its amenities are comprehensive and modern e.g. a co-working lounge for those who require privacy for their WFH arrangements. Median PSF rental should be able to command beyond $7.00 psf.



9. Upcoming Trends: How Does Piccadilly Grand Stand Among The Upcoming Launches?


One of the common questions in buyer's heads is whether to wait for the next launch. What if there is something better or cheaper in the next few months?


Here's three reason why you shouldn't wait:


ONE: Current inflationary market


Put yourself in the shoes of the developer. Singapore has gone through two rounds of GST hikes. Oil prices are increasing. Construction costs are rising. The Harmonisation of Floor Area policy is hurting your bottom line and adding pressure for developers to increase prices. The Government has implemented foreign work quota on construction and the developers have to employ more local talents at higher salary. Would you, the developer, be selling your units at a cheaper price or higher price in order to maintain a similar margin to answer to your stakeholders?


There you go. This means that the upcoming launches ahead are likely to peg at higher prices because of higher costs.


TWO: Estimated prices of upcoming launches


If anything is certain to increase, it is inflation. This is why the prices of basic necessities have rising over the years. Coffee is no longer $0.80. McDonald value meals are no longer $4.50. Even the prices of HDB BTOs have been priced higher. When Pinnacle BTO was first launched in 2004, it was one of the priciest BTO where they were priced from $289,000 and $380,000 for 4-room flats and S$345,000 to S$439,000 for 5-room flats. Those were the days and they won't be back.


Land sale prices are no exception. Let's look at the recent prices of the land sale transactions and their estimated sale prices ahead:


  • Those with estimated PSF below Piccadilly Grand (left of green column), there are mostly in the OCR regions of Tampines, Woodlands and Lentor.

  • Those with estimated PSF above Piccadilly Grand (right of green column), we see recent land prices reaching Pine Grove and Clementi etc.

Explore Piccadilly Grand, a new launch residential development in Singapore's District 8, offering a variety of unit types from 1 to 5 bedrooms. Developed by CDL and MCL, this property promises quality living in a prime location. With an average sale price of S$2,170 psf and a diverse buyer profile, Piccadilly Grand presents a promising investment opportunity. Its proximity to Farrer Park NE8 and Little India DT12 MRT stations, and amenities like schools and shopping malls, make it an attractive choice for tenants, potentially leading to good rental yields.
Table Showing Recent Transacted PSF of Piccadilly Grand Vs Possible Launch Price of Land Sold in 2023 - 2024

If the cost of flour keeps increasing, the price of bread will inevitably go up. This is why many realtors look at transacted land sale prices as the crystal ball - because it gives an idea of the estimated price point that would come two years later. So, if Clementi, Pine Grove and Media Circle are going to transact much higher above $2,000 PSF in the next two years, then what would the prices be for Piccadilly Grand - a mixed development with direct access to MRT at a city fringe location, with five interchanges within 10mins MRT ride?


THREE: The return of the foreign buyers


In the early 2020s, Singapore was looking forward to the lifting of the travel bans to welcome the return of the foreign investors and buyers to give more upward pressure to the property prices.


But their return was abruptly halted in April 2023 when the Government announced a new round of cooling measures - one that stopped the plans of many foreign buyer because their ABSD had doubled from 30% to 60%.


Explore Piccadilly Grand, a new launch residential development in Singapore's District 8, offering a variety of unit types from 1 to 5 bedrooms. Developed by CDL and MCL, this property promises quality living in a prime location. With an average sale price of S$2,170 psf and a diverse buyer profile, Piccadilly Grand presents a promising investment opportunity. Its proximity to Farrer Park NE8 and Little India DT12 MRT stations, and amenities like schools and shopping malls, make it an attractive choice for tenants, potentially leading to good rental yields.
Straits Time Article in Apr 23 About Changes To ABSD

It is clear from The Straits Time article that ABSD was raised to pre-emptive dampen property investment demand. This is a good sign. It is an indication of our stable property market and its growth would be too much, too high and/or too fast with the influx of this group of buyers. To keep property prices rising affordably, this measure was necessary.


Every time there is a cooling measure, we hear of buyers waiting for property prices to drop to pick up good bargains. After multiple rounds of cooling measures, it is clear that the general aim of the cooling measures wasn't meant to make prices fall drastically, because it does not benefit the economy.


Cooling measures are in place likely to slow down the fast or high growth. If the property prices rise too fast and/or too high, this is when property market may become unaffordable to the masses and its prices could really crash thereafter. And this is likely why the Government had to dampen this surge to manage the inflationary environment.


Without the foreign buyers, our Singapore citizens and Singaporean PRS have the advantage of picking gems in the market. In 2023, our local demand make up 96% of new sales and resale demand. And the property market is still poised to be growing steadily.


Explore Piccadilly Grand, a new launch residential development in Singapore's District 8, offering a variety of unit types from 1 to 5 bedrooms. Developed by CDL and MCL, this property promises quality living in a prime location. With an average sale price of S$2,170 psf and a diverse buyer profile, Piccadilly Grand presents a promising investment opportunity. Its proximity to Farrer Park NE8 and Little India DT12 MRT stations, and amenities like schools and shopping malls, make it an attractive choice for tenants, potentially leading to good rental yields.
Table About Breakdown Of Buyer Profiles In 2023 Non-Landed Private Market


We have covered extensively about the unique differences of Piccadilly Grand, its growth potential and macro environment ahead. For those who are looking at owning a home at Piccadilly Grand, there are sub-sale units available. Contact me to find out more.

 

In conclusion, Piccadilly Grand does have various differences that make it an attractive buy for home stay or investment. Why not come to the show flat and take a look? Contact me today for a VVIP Preview slot.


 

ABOUT THE AUTHOR

PrisLowxProperty - Clients' Interest Over Mine. Always

Before the change to real estate, Pris Low was in the non-profit sector for close to 20 years, helping distressed consumers, disadvantaged families, children with special needs, persons with disability and frail seniors.


Now she finds it equally meaningful to be able to work directly with individuals, couples and families to plan their property path, find a right home within their comfortable finances and help them build resilient families that can flourish and overcome challenges.


Each property path is unique to the family, and there is no right and wrong path as long as it guides the family towards achieving their goals at its own pace.


You may hear many agents saying, 'Now is the best time to buy a property'. Pris Low believes that, 'Now is the best time to start your property planning'.


Every journey starts with a single step. Contact me for a non-obligatory chat!


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