All About Bima News

Piccadilly Grand unit located at the Northumberland Road is a great investment for rental

Jan 17

The Piccadilly Grand project is located in the Farrer Park area. The property is designed for residential use and commercial retail space is located at the bottom. The parcel is able to accommodate 405 apartments, ranging from 23 stories. It is expected to be completed in 2026.

City Developments (CDL) and joint venture partner MCL Land will be developing 99-year leasehold residential property situated along Northumberland Road.

The area in the vicinity of Farrer Park MRT and Little India in close proximity, prospective buyers will have access to the convenience of malls, food outlets and restaurants, as and delicious food hawkers in the vicinity.

The area is situated near Farrer Park MRT and Little India MRT on the North-east Line and Downtown Line residents of Piccadilly Grand have an easy connection to the city's central area in only a few minutes. It is serviced by a variety of buses that have straight routes that connect to the orchard road. Orchard Road shopping belt.

Residents enjoy conveniences within their reach. This is particularly true for the wide range of grocery stores located at Mustafa Centre and City Square Mall which is is the place where Fairprice as well as Donki are located.

Foodies can also be spoilt by the variety of dining options in the vicinity. It has Tekka Centre and Pek Kio Market and Food Centre to enjoy delicious local food as well as the numerous South Asian restaurants along Farrer Park and Little India, the famous dim sum restaurant Swee Choon, as well as bars and cafes for breakfast on weekends, and coffee.

In this lively neighborhood, homeowners can also take your children in the fascinating history and culture of The Little India heritage district within just the space of a few steps. Parks with greenery like Fort Canning Park and Botanical Gardens are accessible via the simple MRT trip on The Downtown Line.

Because KK Women's & Children Hospital is located near the property The Piccadilly grand property is also an ideal choice for couples planning to start families to ensure that both parents and children can to receive the best medical care without the necessity of traveling far.

On the outskirts of the city, properties in Farrer Park are sought-after by young homeowners who are searching for a low-cost private property close to their work place near Singapore's CBD and easy access from the remainder of Singapore via public transport.

The apartment is situated on Northumberland Road is a welcome new addition to the region and is particularly suitable for those waiting to purchase a property in the Farrer Park region.

The Piccadilly Grand's schematic is expected to be released soon! Sign up for a no-cost VVIP to be the first to know the latest information about the developments.

Northumberland Condo's plans to the flooring are set to be announced soon! Join for a free VVIP to get the most up-to-date information about the latest developments.

CDL-MCL had a maximum of 10 bidders for the land auctions conducted by GLS, the federal government (GLS) tender, and won with a price of $445.9 million. It's $1,129 for each square foot per square foot on top of gross floor area (GFA) which is 394,809.46 square feet.

This is 5.7% higher than the second-highest offer of $422 million, or $1,069 per ppr that was offered through Winrich Investment, and 74.2% over the lowest bid of $256 million from Japura Development. It's significantly more expensive than the price of the prior GLS site, Uptown @ Farrer situated at Perumal Road, which was transferred by Low Keng Huat (Singapore) Limited at a price of $1,001 per psf on the 17th of January in 2017.

Based on the $1,129 top bid, the breakeven cost for an developer could range between $1,800 to $1.900 per square foot. The price of launching each condominium could vary from $2,100 for a square foot, up to $2,200 per sq feet.

CDL is a top real estate company that operates a the largest network of 112 sites across 30 countriesand regions. One of the biggest firms by market capitalization on the Singapore Exchange, CDL's portfolio comprises residences hotels, offices malls, serviced apartments as well as integrated developments.

A single of the more renowned developments within this portfolio of projects is the prize-winning South Beach mixed use development. It has a lushly-planted sky garden. The property was designed to be an example of sustainable development, and Singapore's vision that of "City within Gardens"

A significant homeownership developer in the region, MCL Land has established an undisputed track experience of building the highest quality homes throughout the past 50 years. The vast collection of MCL Land includes top residential properties that are located throughout Hong Kong, Singapore, Malaysia, China, Vietnam, Philippines, Indonesia and Thailand. The most well-known developments include The Estuary, UBER 388, Este Villa, Terrasse, Palms @ Sixth Avenue, Hallmark Residences, Ripple Bay, J Gateway, LakeVille, Sol Acres, Lake Grande, Margaret Ville and Parc Esta.

The Piccadilly Grand unit located at the Northumberland Road site is suitable for couples of all ages, singles and families, and those looking to invest due to its accessibility and the demand for properties in the area. Farrer Park Primary School is just a short distance from the well-known St. Joseph's Institution is accessible by The Downtown Line.

The best medical facilities of quality are in walking distance. Once the project is complete, this property that is near Connexion Singapore's very first health and hospitality complex that provides medical and hospitality, preventive medical services as the training and education in medical and all in the same place. Farrer Park Medical Centre is located in the west area of Connexion and is just a 5-minute stroll from your condo. KK Women's and Children's Hospital is just a 10 minute walk.

Thanks to the Farrer Park Station served by the north-east Line as well as The Downtown Line residents living on Piccadilly Grand can commute easily to their work in the city's center and also travel to the most popular places like Marina Bay, Fort Canning, Chinatown, Clarke Quay and Harbourfront.

If you're looking to purchase a condo unit for your entire family or as a single for investment purposes, brand new condominium located on Northumberland road is a fantastic investment for both rental and capital appreciation since it's located in the Singapore's Core Central Region (CCR) located in Singapore and has a good connection to the rest of Singapore's city. It's expected to remain an extremely sought-after property for many years to come.

The dwindling amount of private homes available in the city fringe zone will likely result in the need for a condominium property situated in Northumberland Road. While it's a 99 year leasehold property the property is highly sought-after by young homeowners searching for a home at a reasonable price which is also private.

For investors who are looking to invest, leasing leasehold property in this area is the best way to generate a rental, especially from foreigners who want to live on the urban fringes, close to their jobs in the CBD in a reasonable method compared to cost of renting condos that are freehold in cities.