The launch of Grand Dunman in District 15 of Singapore on July 15-16 saw an impressive take-up rate of 54.6%, with 550 out of the 1,008 units snapped up. An average price of $2,500 per square foot was achieved for the 99-year leasehold condo on Dunman Road. Joint developers SingHaiyi Group and CSC Land Group had the fastest selling project of the year.
Local buyers, 90%, with a further 9% of Singapore Permanent Residents and a small percentage of foreign buyers were seeking a good spread of unit types, including one- to three-bedroom units and dual-key units. Prices were around $3 million or below in 70% of sales, making it the top-selling project since the 1,862-unit Normanton Park sold 600 units in January 2021.
Located in the heart of Sengkang, Champions Way Condo stands out beautifully amidst its surroundings. Offering panoramic views, the condominium offers residents great convenience with its close proximity to MRT, bus stops, shopping malls and other amenities. This luxurious development comes equipped with an array of facilities to provide residents with the highest level of comfort and enjoyment. It features an amazing 50 meter swimming pool, tennis court, BBQ pits, playground and more. The development also boasts a 24-hour security system to ensure the safety of all residents.
The popularity of Grand Dunman was evident with over 10,000 visitors throughout its preview weekend. Its nearness to the Dakota MRT station, just two minutes away, provides convenience for occupiers and tenants. Its other advantages include its proximity to the CBD, Old Airport Road Food Centre, the Katong heritage area, and Kong Hwa School within 1 km.
Grand Dunman’s success is also reflected in the performances of two other projects in District 15 launched earlier this year, the 638-unit Tembusu Grand and the 816-unit The Continuum in May, according to Ken Low, managing partner of SRI.
The most premium units at Grand Dunman face south, overlooking the Mountbatten and Meyer area, the East Coast Park and the sea, according to Marcus Chu, CEO of ERA Singapore.
Grand Dunman’s success has been outstanding, making it the best-selling project since the Normanton Park launch in terms of number of units sold, according to Ismail Gafoor, CEO of PropNex. With an ample range of unit types and sizes available, it is no surprise that buyers have been extremely drawn to this project.
Mark Yip, CEO of Huttons Asia, further exclaimed that Grand Dunman is the top-selling project in 2.5 years and with good reason. With such a strong start this year and the escalating demand for housing in Singapore, we can only expect the future success of the project.