On the other hand, East and North facing units have more unblocked views as there are a number of shophouses in the area. To give you a clue, City Square Mall (450,000 sqft of NLA and by the same developer CDL) and Mustafa (400,000 sqft of retail space) are almost 25 to 30 times larger than Piccadilly Galleria. What do you think of the stigma in the area? Space for a study has also been thoughtfully considered here, with a tiny corner beside the built-in wardrobe for your use. It is also near the Mustafa Centre and Connexion, an integrated medical centre and hotel development. Interestingly, while the plan for the site is now completely residential, the initial one in 2008 seems to have envisioned the site to also include offices, hotels, and retail/entertainment facilities as one of 3 commercial hubs outside of the city, with the other 2 being Jurong and Paya Lebar. In that way, you should have enough space here for an 8-seater dining table which would make more sense for a multi-gen family (if you are utilising the studio space as well). As we know, many units these days do not come with a storeroom, so if you wanted to convert this space into one, it could be an option as well. Its estimated indicative PSF is 15.3% higher than the highest-priced resale condo: City Square Residences. Apartments are priced from $1.06 million for a 1-bedroom unit to $1.35 million for 2-bedroom, $1.79 million for 3-bedroom, $2.74 million for 4-bedroom dual key units, and over $3 million for a 1,582 sq ft 5-bedroom unit. Interesting - 41 units of 4BR dual key at 1378 sqft. Being the newest kid on the block, I would say that a 10% price differential for Piccadilly Grand is still acceptable, especially since one could also argue that CDL and MCL are developers with a longer history and reputation than the other 2 new launches. Well, at least you will arrive at the proper Arrival Clubhouse, ready to welcome you home on the 1st floor. With neighbouring plots being slated for residential development, be prepared for ongoing construction as and when the plots are launched for sale in the future . This is after Singapore residential prices climbed 5% in 4Q 2021, its seventh straight consecutive quarterly price increase, which pushed the overall market up a heady 10.6% for the whole of 2021. Its somewhat triangular in shape, and measures about 16m by 13m and aptly named the Family Pool since you will probably not be doing many proper laps here. For those wondering where the washer would be, the washer-dryer will be located just across from the kitchen instead. There are definitely plus points to this show flat layout, with a dumbbell layout, a study that doubles up as a storeroom, and a jack-and-jill bathroom for the common bedroom. Thank you for subscribing to the newsletter. CDL is a leading global real estate company with a network spanning 106 locations in 29 countries and regions. It also has a 1,500 sq m retail and space for food and beverage (F&B), Piccadilly Galleria, and a 500 sq m childcare centre on the ground floor. That's fairly large, I wonder what would be the quantum. Again, it comes down to your preferences as some people prefer a large balcony to accommodate al-fresco dining. Its city fringe location means super convenient access to important parts of Singapore whether by MRT or car. Nevertheless, some may find the area a little crowded and boisterous despite the condo development being situated away from the main node of activities. It may not display this or other websites correctly. Judging between both, it would seem that while City Square Residences is more expensive overall, the quantum could be worth it given the more family-friendly layout with its service yard. Ground floor units will have quick access to the pool. Below are the charts of their yearly average price trend. In short, a dual key unit allows you to gain rental income with the smaller or larger unit while staying in the other. The one here has a co-working lounge, which has become a trend for many COVID new launches, and is helpful for those who work in companies that continue adopting a hybrid work policy. By registering, you agree to our T&C and Privacy Policy. In this article, we dive deeper into its location and explore the historical price trends in the area. This is almost similar to the space you have in your dining area, except that you will be able to enjoy the full length of this space without having to worry about occupants constantly having to get past the area. There are only two new launches in district 8 that have transactions for units between 600-700 sqft: Uptown@Farrer and 1953. Thats the beauty of jack-and-jill bathrooms when guests come over, they can enter from the living room instead. Its quantum is also around 20% more affordable too, and that does say a lot in todays market condition. Fast food, supermarket, child care etc. All 315 buyers were first-time buyers, CDL said. The projects ASP of $2,150 psfrepresents a new price benchmark for the Farrer Park (District 8) area. HDB is not enough. Close to dining and shopping options all day long, New BTO launches at Farrer Park will bring further price support, Small commercial/retail podium means that it is unlikely to attract any marquee tenants. Starting first with the Vitality Zone, which is where the standard lap pool will be. Somehow it seemed like something brighter and more vibrant would have melded better with the neighbourhood at Farrer Park. These include City Hall, Marina Bay, Orchard Road and Chinatown. And due to Ministry of Educations distance-based allocation system, they will be accorded priority admission. Below is the site map and unit distribution plan. Will buyers be more selective in their purchases or will the red-hot demand continue into 2022? However, do note that the Westernmost stacks will also be very close to the Farrer Park View HDB MSCP, at just a mere 10-12m distance which is always the downside of being in a densely populated area. You get the same quality fittings and wares from Hansgrohe and Villeroy & Boch, 2 established European brands which are commonly used in private residential units. Dual key good mah. Instead, it will be tucked away inside the car park. It is a city fringe location that is undeniably convenient. T. tonymontana74 Member. Komala Vilas A purely Indian vegetarian restaurant that offers generous set meals at hawker centre prices. Its been some time since I reviewed a new launch condo and that says a lot, or the lack thereof, about new launches in 2022. 202120748H. Some of its latest developments in Singapore include Canninghill Piers, Irwell Hill Residences and Boulevard 88. Personally, the issue is the kitchen island that is a good-to-have but may not be necessary, depending on the preferences of your family. Moving on to the dining area and there is just about enough space to fit a 4-seater set here. The RCR as a whole had 25,115 new sales excluding district 8. The redevelopment of Farrer Park Field will certainly rejuvenate the neighbourhood and benefit the future residents of Piccadilly Grand. On to the living room and the width is slightly better than the one found in the 2 Bedroom show flat. Its bedroom is quite sizeable, and it even comes with a service yard on the other end so cross-ventilation is possible. Given that Farrer Park has a number of small, boutique apartments, it is good that the developers have chosen to focus on the larger units to capitalize on its more extensive land area, which allows the development to lure more families interested in this area to Piccadilly Grand. Unit sizes range from 484 sq ft for a 1-bedroom to 1,679 sq ft for a 5-bedroom premium with a private lift. The smallest 2-bedroom unit here is 840 sqft: 840 sqft is quite sizeable for a 2 bedroom by todays standards. i prefer the farrer park bto just beside free facilities sponsored by ah gong. Its pricing is close to CBD-fringe developments like The Landmark/Avenue South Residence/One Pearl Bank or RCR condos located in more prestigious locations such as in the East Coast area (NYON/Amber Park). To further orientate you, Piccadilly Grand has 3 levels of facilities (1st, 3rd, and 4th) and a total of 5 zones to suit the different lifestyle needs of residents. Moreover, since 2009 there have been 11 previous property cooling measures and they have only succeeded in tempering the pace of rising real estate prices. City Developments Limited is one of Singapores largest real estate developers and continues to play a significant role in the local real estate market. Moreover, being next to the historical Little India with its unique culture and heritage, it will provide a fascinating living experience. Besides Northumberland, the others include Gloucester, Dorset, Oxford and Cambridge. As Block 5 does not have a 3rd floor car park, this space will be home to the Botanical Zone instead. This is achieved through two overarching themes: The condo development will have three levels of activities, five curated lifestyle zones, and a total of three clubhouses to suit different lifestyle needs. Depending on which block you live in, there will be 2 to 3 storeys of car park catering for 80% of units (330 car park lots, including 3 Electric Vehicle EV lots). District 8s overall non-landed $PSF was below the RCRs $PSF up until 2005 when it started to mirror the average RCRs $PSF. This forum is moderated by volunteer moderators who will react only to members' feedback on posts. However, it has a long walkway and a small kitchen. Its also good news that Piccadilly Grands indicative quantum is more affordable than Myra. As it is hidden from the show flat model, you might have to exercise some imagination here. Therefore, I must say its great planning on the part of CDL and MCL. The ensuite bathroom is actually very well sized for such a small unit and doesnt give off any claustrophobic vibes at all. It also has a proper yard expected of a 4 bedroom unit. Get unlimited access to all stories at $0.99/month for the first 3 months. Lets see how this plays out for the sale prices in our Price Review section. You have City Square Mall, which houses Singapores largest Don Don Donki, NTUC, a movie theater (GV), educational centres, a gym, and plenty of eateries. Prices of popular condos creep up in the suburbs, Nearly 27% of units at North Gaia exec condo sold on launch weekend. Prices of Piccadilly Grand is unsurprisingly the highest among all the resale developments within 500m of it. Whats great here is that it has a ton of overhead and bottom storage spaces and is well enough for any studio occupant. Its not as big as some of the study spaces I have seen in the past, so this might struggle to be another bedroom if you really needed it to be. What are the Unique Selling Points of Piccadilly Grand? The larger units at Piccadilly Grand have a 3-burner hob and hood, which can accommodate heavy cooking better. In addition, I offer property financing and evaluation services. Of course, when actually designing the space, you should still avoid bulky furniture to ensure that the area does not look too cluttered. Its a convenient lifestyle that integrated developments sell, and so far its been a hit with Singaporeans. As healthcare facilities grow in the area, we hope medical tourism will take off as well and consequently, the demand for short-term rental contracts from some of these patients. This design is helpful as it segregates your space out well 1 for preparation, 1 for washing up, etc. The balcony here, combined with the one found in the Studio, makes up 8.9 sqm of space. This is a good condo. Sat on a land plot of 94,000 square feet, Piccadilly Grand is definitely not a big development. If too small, it will only attract those boutique supermarkets or glorified mama shops. For families, I believe the amenities and proximity to the MRT are much more important. Even in recent years, the one and only prominent structure is the Kallang Riverside condo, which will be the only Freehold project in the vicinity. However, do note that these views are unlikely to be permanent, as the fields have been earmarked for residential development in the future too. This is a review of Piccadilly Grand Condo, a 99-year leasehold mixed-use development in Singapore's District 8. If you have any queries about property investment, do not hesitate to reach out to me for an obligation-free consultation. Given that it was only launched in September 2019, limited data is available. They also revealed the following: Although District 8 has outperformed over a 20-year period, the rate of appreciation is slower over the last 10 years. But got a lot of Sunday school bible study kind of crowd or not? CDL and MCL Land are industry veterans they know exactly what Singapore buyers desire in a unit today. It does not have a balcony though it has bay windows. Its also surrounded by residential properties without direct access to amenities unlike at Piccadilly Grand. Both are near the Farrer Park MRT station, but City Square Residences is closer and also next to the City Square Mall. This is because the Dhoby Ghaut MRT station is just 2 stops away and it is a major interchange for the North-East, North-South and Circle Lines which serve many parts of Singapores Downtown areas. Agreed the location is great. Theres neither a rain shower nor windows for natural ventilation in the common bathroom, which is typical in most mass market new launch projects anyway. They have gone with an additional study table and chair here, which is arguably more practical, especially for young children. For those who prefer a sleeker look for the fridge, the one here (all 1 and 2 Bedroom units) is integrated with the rest of the cabinets, giving it a cleaner look. Im sure youre excited to find out more about Piccadilly Grand so lets get right to the Insider Tour! And so without further ado, lets head straight for the show flat units. That said, you still have to rely on mechanical ventilation here though, as there are no windows available. But the good thing here is that it will all be managed by CDL, so there should be some curation here in terms of the tenant mix. It is likened to Piccadilly, an iconic district in London that is a hub of culture, tradition and modernity. Id still prefer an underground car park, but having that privacy here makes sense given the central and bustling location. If you need more room for a study or dresser, you should consider a Single bed instead, which will help to free up some space. The 2 Bedroom format is the most predominant unit type at Piccadilly Grand and all of them come with 2 bathrooms, despite the smallest being just 646 sqft (the smaller types do not come with a balcony). Many areas around Farrer Park are named after places in the UK as well. Sized at 8.8 sqm, it can accommodate a Queen bed quite comfortably, as they have shown here. The biggest issue here is the oversized balcony. Piccadilly Grand will benefit from the exciting URA Master Plans for the Central Area. They will also be installed with energy efficient air-conditioners and LED lights. As far as new launches go this is considered to be a smaller mid-sized project, and you can say it is a good size for those looking for the right mix of facilities without it being too dense in nature as well. For parents with school-going children, Farrer Park Primary is just around the corner (<1km) while other top schools such as SJI Junior, ACS Junior, ACS Primary, St Margarets Primary, and Hong Wen School are also within a 2 to 3 km radius. As such, they will present new opportunities to renew core areas of activities and life. Over the past 50 years, it has established a legacy of building quality homes in both Singapore and Malaysia. SINGAPORE (THE BUSINESS TIMES) - Piccadilly Grand, a joint residential project by City Developments Limited (CDL) and MCL Land, has sold 315 out of 407 units - or 77 per cent of units - at an average selling price (ASP)of $2,150 per square foot (psf). Sizes vary from 484 sqft to 1,679 sqft and as usual, we will be checking out the units at the show flat later in this review. Moderators are not employees or representatives of HWZ. If touch wood any of family members Tio covid can use the studio for isolation. The park is one of the Royal Parks of London. Perhaps the dryer would need to be stacked in the kitchen. I reckon that this will be more than sufficient given that Farrer Park MRT is directly connected to the development and there will be a number of tenants or residents who do not drive. Since were on the point about Farrer Park, lets chat more about this neighbourhood. In order to further evaluate the investment potential of a condo like Piccadilly Grand, let's analyse the Uptown @ Farrer nearby (refer to chart above). The Hansgrohe fittings are of a darker, more modern tone compared to those provided in the 2 Bedroom and smaller units. For a better experience, please enable JavaScript in your browser before proceeding. You must log in or register to reply here. You could enclose the kitchen if youd like (although youd need to open the door for ventilation). Its in fact somewhere in the middle of 5 MRT stations, but not within walking distance of any. For the children, you have a Kids Play Pool close by, in addition to the Kids Play area. As the first major launch of 2022, we are keen to find out if Piccadilly Grand is truly worth its salt. 1 bedders: from $1.058 million ($2,186 psf). City Square Residences was launched in April 2005 at an average price of $577 psf and Kerrisdale in April 2002 at $446 psf. Theres not much fanfare here, so I dont expect it to be fantastic. To be developed jointly by CDL and MCL Land, the project with a site area of 8,732.9 sqm (94,000.2 sqft) will consist of three 23-storey blocks totalling 407 residential units of 1- to 5-bedrooms (including dual-keys), complemented by a comprehensive range of facilities. Out of the 46 RCR condos, it ranks 33rd cheapest, putting it somewhere around the 75th percentile. The built-in wardrobe here also comes with the accessories compartment, allowing the kings and queens of the house to store away their fancy adornments. In line with the history of Farrer Park as the home ground of some of Singapores sporting elites, the project will be integrated with the redeveloped sports and recreational facilities. So you can tell, there is definitely a focus on attracting family units here. This is due to the largely boutique nature of the developments here. This is where the Guardhouse will be located and where you and your guests will be dropped off. There also look to be lines drawn for 2 half basketball courts, although I may have to be enlightened as to what sports the other lines might be drawn for. The Woodleigh Residences is also closer to more primary schools than Piccadilly Grand it is within 1-2KM of more primary schools than the latter. This only underscores the strong underlying demand for properties, especially from HDB upgraders who capitalise on the sharp rebound in HDB resale prices to switch to private properties. Fittings such as the paper holder, robe hook, and rain shower set are by Hansgrohe while the wall-hung w/c and basin are from Villeroy & Boch. The Farrer Park Hospital just minutes walk away and it sits atop the Farrer Park MRT station. Its not class-leading surely, but it is similar to the other new launches. Coupled with the fact that there are also 4 and 5 Bedroom options, both of which have a fairly significant number of units, and you get a development that has the elements of a family-focused condo that will appeal to both owner-occupiers and tenants with families. Piccadilly Grands indicative 2-bedroom starts from $1,348,000. For environmental protection, thematic landscape and water features will help to create a cooler and more comfortable environment. Additionally, in line with the theme of the zone, there is a tranquility spa, wellness lawn, and wellness lounge, all of which are presumably created to allow one to feel zen and at peace. Stil, with direct access to Farrer Park MRT and an overall convenient city fringe location, this development makes lots of sense from both an own stay and investment perspective. There are 2 different design themes at Piccadilly Grand for 1, 2, and 3 Bedroom units these will be generally lighter coloured, while the overall theme for the larger 4 and 5 will be darker (as with the fittings as well). It may not display this or other websites correctly. The Arrival Zone is located at Level 1, and Botanical Zone at Level 3, while the rest are at Level 4. Moving finally to the Master Bedroom, which measures at 18.8 sqm when combined with the Master Bath. Located at the fringe of the city with the Farrer Park MRT station practically at its doorstop, Piccadilly Grand enjoys convenient access to a wide range of amenities. The proximity of these commercial developments can be expected to raise the value of real estates around them in time to come as they clearly signal URA's intention to rejuvenate the area. As such, the monthly average price data will be used instead to assess its performance. For those who drive, there are three major expressways near Piccadilly Grand - Central Expressway (CTE), Pan Island Expressway (PIE), and Kallang-Paya Lebar Expressway (KPE). Given that most stacks are north-south facing, residents here wouldnt need to worry much about having much afternoon sun coming into their residence. 5. Developer CDL & MCL Land Past Projects. While there is the benefit of additional security, it can also be a very cumbersome thing to do daily, or if you are in a rush. So from a directional-facing perspective, we are off to a good start. It has a diverse geographical portfolio comprising residences, offices, hotels, serviced apartments, shopping malls and integrated developments. City locations such as Orchard, theCentral Business District (CBD),Pearls Hill,Marina Bay and Marina South, Cultural Precinct such as Fort Canning Park, Bras Basah. You have reached your limit of subscriber-only articles this month. And we are off to the bedrooms starting first with the Common Bedroom, which stands at 8.7 sqm. Piccadilly Grand comprises three 23-storey towers along Northumberland Road in the Farrer Park precinct, with a total of 407 residential units that range from 1 to 5 Bedroom types. District 8 currently being quite well-developed which left lesser room for growth through urban transformation. For the longest time, the Kampong Bugis precinct was just a large empty patch. On the balcony, it is fairly well sized at 4.6 sqm. The Gym fronts the pool deck and family pool, which is better than having no view at all. Some may find the place crowded and chaotic with many narrow streets and alleys. Its as efficient as can be for a unit of this size, and most buyers should be pleased with such a layout. Depending on your preference, the most functional space could be the Botanical Spa Pool, which can be a quiet spot for relaxation. The washer/dryer will be placed here, and you could well install some racks if you prefer the natural drying method. Located at the fringe of the city along Northumberland Road and directly linked to the Farrer Park MRT station, it is only 6 minutes' walk to City Square Mall. Lets start first with the Studio, which at 13.8 sqm is not the largest of spaces. This is a review of Piccadilly Grand Condo, a 99-year leasehold mixed-use development in Singapore's District 8. AMK the kebun baru site is it? Overall, its a solid, but unspectacular design. Although transaction volume subsequently dipped again from 4Q2019-2Q2021 amid the start of the covid-19 pandemic, it rebounded very strongly thereafter, with property prices trending up briskly. The development is sited directly above . Piccadilly Grands indicative 2-bedroom starts from $1,348,000. What the latest cooling measures on 16 December 2021 are likely to achieve is moderate the pace of annual price growth to 2-3%. A mixed-use development in the city fringe location of District 8, Piccadilly Grand attracts interest of both investors and owner occupiers. They have a very good block distance of between 22m to 26m, which will enhance privacy. Each zone will come with the following amenities and facilities: All the residential blocks in the condominium development are tilted in a North-South orientation to avoid direct sunlight and maximise comfort. Even with the use of bench seating, the space seems barely sufficient to fit 5 or 6 (which is usually what youd expect for a 3 bedroom unit). Examples of recent new property launches in District 7 are Midtown Bay, The M and Midtown Modern. A member of the Hong Leong Group, CDL has a global footprint across 29 countries and has developed over 47,000 homes with over 23m of lettable floor area in residential, commercial, and hospitality assets globally. However, you would have noticed that the psf difference is even more significant.