Geylang Properties News - The Business Times reports that the Grand Dunman sold 550 or 54.6% of the 1,008 units during its launch over the weekend with an average price of $2,500.
Developers SingHaiyi Group and CSC Land Group said Singaporeans accounted for 90% of buyers, while Singapore Permanent Residents (PR) and foreigners accounted for 9% and 1% respectively.
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Two-bedroom units of Geylang Properties have the highest sales, with buyers accounting for 77% of units available from $1.55 million or $2,330 PSF.
Followed by three-bedroom apartments, which sold 61% with a starting price of $2.21 million or $2,309.
Developers also sold 58% of the 1-bedroom units with prices starting at $1.09 million or $2,418.
Dr. Lee Nai Jia, Head of Real Estate Information, Data and Software Solutions, PropertyGuru Group commented that Grand Dunman's sales make it "the best performing project for the year." 2023 to date, based on the number of units sold. The strategic location, proximity to the Dakota subway station, Kong Hwa School, and the stunning East Coast Park, combined with a thoughtful design that utilizes unobstructed views, all play a role. important role in driving sales.”
Geylang Condos He went on to say that 90% of buyers are Singapore residents reinforcing the perception that buyers are willing to pay high prices for projects with beautiful locations and beautiful designs.
“Strong sales also underscore the sustained demand for private housing by local buyers. The project has particularly attracted residents of District 15, with many likely extended family buyers in the vicinity,” said Dr. Lee.
Source: The Business Times
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