Piccadilly Grand is the most highly anticipated RCR new launch in 2022!
This is brand new mixed development bringing together renowned developers CDL & MCL Land in a joint venture.
This project is set to be the most attractive entry price for a quality investment in the City fringe (RCR) area, direct link access to Farrer Park MRT.
Situated in close proximity to the central business district (CBD), Piccadilly Grand will have 3 blocks of 23-storey with Piccadilly Galleria, the Commercial component at 1st storey (Retail/F&b/Childcare Centre).
There will be 407 units of 1-5 bedroom apartments, with direct link to Farrer Park MRT, which is a mere 2 stops to Dhoby Ghaut Interchange.
The Urban Redevelopment Authority (URA) has awarded the tender for the site at Northumberland Road to Maximus Residential SG Pte. Ltd. and Maximus Commercial SG Pte. Ltd.
The companies submitted the highest bid in the tender for the site.
The site at Northumberland Road was launched for tender on 27 October 2020. The tender for the site closed on 27 April 2021. The land parcel was offered for sale on 99-year lease term.
Details of the awarded land parcel and the successful tenderer are provided below:
Location: Northumberland Road
Allowable Development: Residential with Commercial at 1st storey
Site Area: 8,732.9 m2
Maximum Permissible Gross Floor Area (GFA): 36,679 m2
Successful Tenderer: Maximus Residential SG Pte. Ltd. and Maximus Commercial SG Pte. Ltd.
Tendered Price ($PSM of GFA): $445,888,000 ($12,156.49)
PARTICULARS OF TENDERS SUBMITTED FOR SALE OF SITE FOR RESIDENTIAL WITH COMMERCIAL AT 1 ST STOREY DEVELOPMENT AT NORTHUMBERLAND ROAD
27 APRIL 2021
WHILST EVERY ENDEAVOUR IS MADE TO ENSURE THAT THE INFORMATION PROVIDED HEREIN IS CORRECT, THE URA DISCLAIMS LIABILITY FOR ANY DAMAGE OR LOSS THAT MAY BE CAUSED AS A RESULT OF ANY ERROR OR OMISSION. PLEASE NOTE THAT THE AUTHORITY RESERVES THE RIGHT TO REJECT THE HIGHEST OR ANY TENDER OR ANY PART THEREOF.
LAND PARCEL AT NORTHUMBERLAND ROAD
ALLOWABLE DEVELOPMENT : RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY
SITE AREA : 8,732.9 m²
MAXIMUM PERMISSIBLE GFA : 36,679 m²
DATE OF LAUNCH : 27 OCTOBER 2020
DATE TENDER CLOSED : 27 APRIL 2021
LEASE PERIOD : 99 YEARS
|RANKING||NAME OF TENDERER||TENDERED SALE PRICE ($)||TENDERED SALE PRICE IN $PSM/GFA|
|1||Maximus Residential SG Pte. Ltd. and Maximus Commercial SG Pte. Ltd.||445,888,000.00||12,156.49|
|2||Winrich Investment Pte. Ltd.||421,888,999.00||11,502.19|
|3||Holland V Properties Pte. Ltd.||418,777,000.00||11,417.35|
|4||CSC Land Group (Singapore) Pte. Ltd.||388,890,565.00||10,602.54|
|5||EL Development Pte Ltd||383,800,000.00||10,463.75|
|6||Sim Lian Land Pte Ltd||368,800,000.00||10,054.80|
|7||Intrepid Investments Pte. Ltd., Garden Estates (Pte.) Limited and TID Residential Pte. Ltd.||351,000,000.00||9,569.51|
|8||Peak Vista Pte Ltd||333,800,000.00||9,100.58|
|9||GLL C Pte. Ltd.||315,847,000.00||8,611.11|
|10||Japura Development Pte Ltd||256,000,000.00||6,979.47|