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Gramercy Park mostly bought by non-Singaporeans

Gramercy Park mostly bought by non-Singaporeans

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Around 76 percent of buyers at the freehold project in Grange Road are non-Singaporeans, with average prices up from over $2,600 psf to about $2,800 psf. (Photo: Christopher Chitty) Property developer City Developments Limited (CDL) has sold 81 of the 174 available units (47 percent) at its[URL=" https://sg-property.sg/properties/gramercy-park/"] Gramercy Park condominium along Grange Road [/URL] in District 10. Singapore Permanent Residents and foreigners make up 76 percent of the buyers at the project, while Singaporeans account for just 24 percent. The luxury freehold condo sits on an approximately 170,000 sq ft site and was completed in May 2016. It comprises two curvilinear towers of two- to five-bedroom units. Apartment sizes range from 1,184 sq ft for a two-bedder + study to 7,287 sq ft for a five-bedroom penthouse. To date, its 87-unit North Tower launched last year has sold 70 units. CDL revealed that all the two-bedroom + study units in the block were sold and there was a good take-up of three- and four-bedders. A 5,533 sq ft five-bedroom penthouse also found a buyer for $16.88 million, which works out to about $3,050 psf. More info [URL=" https://sg-property.sg/properties/gramercy-park/"] click here [/URL] or [URL=" https://sg-property.sg/"] sg-property.sg [/URL]

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