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- Grand Dunman Condo: A Resounding Success in Singapore’s Property Market – Over 50% Units Sold During Launch Weekend!
- Grand Opening of Grand Dunman
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Singapore’s real estate landscape is buzzing with excitement as Grand Dunman, the latest condominium project from the renowned collaboration of SingHaiyi Group and CSC Land Group, achieves remarkable success during its launch weekend. With an impressive 54.6% of its 1,008 units already sold at an average price of $2,500 per square foot (psf), Grand Dunman has truly become the talk of the town. In this exclusive feature, we delve into the factors that have led to its extraordinary triumph, the unit distribution, and why it has captured the attention and admiration of homebuyers and investors alike.
A Stellar Debut: The developers of Grand Dunman are elated to announce that the project has made an outstanding debut, with more than half of the available units sold within the first weekend of its official launch. The allure of south-facing units offering unblocked views, encompassing the picturesque Goodman vicinity, the sparkling sea, and beyond, has attracted a diverse range of buyers in search of the perfect blend of comfort, convenience, and accessibility.
Unit Breakdown and Buyer Preferences: The launch of Grand Dunman saw two-bedroom units emerge as the top favorite, with an impressive 77% of them being sold at a starting price of $1.55 million, equivalent to $2,330 psf. Following closely behind, three-bedroom units recorded a substantial sale of 61% of the available inventory, starting at $2.21 million with a psf price of $2,309. Not far behind, 58% of the one-bedroom units were snapped up, featuring a starting price of $1.09 million and $2,418 psf.
The sales breakdown also revealed interesting insights into buyer preferences. Investors showed keen interest in one-bedroom units and smaller two-bedders, aligning with previous market trends. In contrast, a mix of investors and owner-occupiers displayed a strong preference for the two-bedroom units with study areas, while larger units found favor among those seeking a luxurious living space for themselves.
A Diverse Array of Buyers: Grand Dunman has resonated with a diverse pool of buyers, with approximately 90% being Singaporean citizens, 9% permanent residents, and 1% foreigners. While it remains uncertain whether foreign buyers were subjected to the new additional buyer’s stamp duty rules, which saw the tax doubled to 60% in late April, the condo’s attractive location and competitive pricing have garnered significant interest from local buyers.
The Irresistible Location: Undoubtedly, one of the key factors contributing to Grand Dunman’s resounding success is its strategic location. Nestled in the highly sought-after Dunman Road, the development boasts a mere two-minute walk to Dakota MRT station, ensuring seamless connectivity for its residents. Families appreciate the convenience of prestigious schools such as Kong Hwa School, Chung Cheng High School (Main), and Tanjong Katong Girls’ School located nearby.
Moreover, the ease of access to the bustling Paya Lebar commercial hub, Suntec City, Beach Road, and the Central Business District has further elevated Grand Dunman’s appeal to potential buyers. In a city where accessibility to public transport nodes is increasingly valued, Grand Dunman’s location perfectly caters to the needs of modern urban dwellers.
Pricing and Market Sensitivity: Market analysts attribute the resounding success of Grand Dunman not only to its prime location but also to the developers’ astute understanding of prevailing market sentiment. By setting prices sensitively and aligning them with the “sweet spot pricing” of around $2.5 million, the developers have successfully catered to the demands of both homebuyers and investors. Additionally, the recent surge in certificate of entitlement prices has further highlighted the desirability of easy access to public transportation, making Grand Dunman an irresistible choice for many in the competitive property market. For more info, interested buyer can read more about Grand Dunman By SingHaiYi Sold Over 50% Units During Launch Weekend!.
Conclusion: Grand Dunman Condo has undoubtedly stamped its mark as the most sought-after development in over two years, captivating the hearts and minds of homebuyers and investors alike. The astounding sales during the launch weekend serve as a testament to its prime location, meticulously designed units, and market-sensitive pricing. As the development gears up to obtain its temporary occupation permit in 2028, it is destined to become an iconic residential address in Singapore’s vibrant property landscape. For those seeking their own piece of Singaporean paradise, Grand Dunman presents an unparalleled opportunity that should not be overlooked.