Grandeur Park Residences - Over Supply at Tanah Merah?

Rating: 5 (out of 5)
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Grandeur Park Residences  Floor Plan  Location  Showflat

Grandeur Park Residences presents a new residential condominium by CEL Development at Bedok South avenue 3, Singapore District 16. Located at the junction of New Upper Changi Road and Bedok South Avenue 3, residents can simply walk to Tanah Merah MRT Station with 3 minutes walk. Comprises of unit mix from 1 to 5 bedrooms, Gradeur Park Residences is ideal for buyers who are exploring a unit for own stay as well as for investment. TOP expected to be in 2020.

Grandeur Park Residences distinctive architecture provide a touch of urban living at Tanah Merah enclave as its design distinguished itself from its nearby peer. A rare gem in the making with everything you desire naturally surrounding you.Inside every unit, the moment you enter the door, you will be welcomed by luxurious comfort and your beloved families.

Every corner in this development has been efficiently designed for effective layout and luxury living to meet your everyday needs. From the well quipped kitchen to fittings and quality finishes, come home to your personal abode with endless enjoyment and possiblities.

Grandeur Park Residences Grandeur Park Residences Hilltop Dining Pavilion

 

Comparative Market Analysis (Sales)

comparative market analysis grandeur park residences

Nearby comparative developments include The Glades (still selling as of Nov 2016), Eco, Urban Vista (Fully Sold) and Optima (Fully Sold). As seen from past transactions November 2016, The Glades average psf at $1,377 as of Nov 2016 with a 1 bedroom transacted at $1,457psf. The Glades currently still selling as of November 2016, though selling fast with units transacted every month. Highest PSF at The Glades and Eco transacted more than $1,500+psf.

Optima @ Tanah Merah and Urban Vista has since been fully sold with latest average PSF on Resale Market at $1,132psf and $1,452psf

 


Grandeur Park Residences Location

An Address at Grandeur Park Residences put residents in a mature estate with everything you need in close proximity. Be it supermarket, shopping mall or even famous local gourmet, its just couple of minutes away for your day to day activities. 

Tanah Merah MRT Station is just within 3 minutes away that connect you to town or Changi Airport in a breeze. Residents who are driving is well linked up via Pan Island Expressway (PIE) and East Coast Parkway (ECP).

Location Map

 

Nearby Attractions at Grandeur Park Residences

Grandeur Park Residences Nearby Transportation

Reputable Education Institutions

Other Amenities

  • Tanah Merah MRT
  • Sungei Bedok MRT
  • Bayshore MRT
  • Expo
  • Bedok MRT
  • East Coast Parkway (ECP)
  • Pan Island Expressway (PIE)
  • Bedok View Secondary School
  • Anglican High School
  • Bedok South Secondary School
  • Tamasek Primary / Secondary School
  • Temaske Junior College
  • Haig Girls' School
  • St Anthony Canossian Secondary School
  • Red Swastika School
  • Fengshan Primary School
  • Parkway Parade
  • Bedok Mall
  • Tampines Mall
  • Supermarket (Giant, NTUC, Sheng Siong)
  • Soka (Tampines)
  • Bedok Stadium
  • Laguna National Golf Course
  • East Coast Park

 


Grandeur Park Residences Floor Plan

Designed with the comfort and luxury living for every residents, Grandeur Park Residences floor plan is well planned and designed to maximise its layout into usable area. Couple with quality finishes, your dream is fullfiled here.

Grandeur Park Residences Siteplan

Grandeur Park Residences Floor Plan 1RM Grandeur Park Residences Floor Plan 5RM Grandeur Park Residences Floor Plan 2RM Grandeur Park Residences Floor Plan 3RM Grandeur Park Residences Floor Plan 4RM

 


Top 10 Reasons Why Grandeur Park Residences?

  • Near to Tanah Merah MRT Station
  • Reputable Deveoper – CEL
  • Spacious layout for every unit
  • Mature estate with various amenities in close proximity
  • State of art condo facilities
  • Reputable schools in close proximity
  • Shopping malls in close proximity include Bedok Mall and Tampines Mall
  • Connected by numerous MRT stations such as Eunos MRT, Aljunied MRT, Paya Lebar MRT and Mountbatten MRT
  • Residents well connected with major expressways like East Coast Parkway (ECP)and Pan Island Expressway (PIE)
  • High rental yied for its strategic location

 


Grandeur Park Residences Details

Project Name:  Grandeur Park Residences
Developer: CEL Development
Description: Residential Condominium with full condo facilities at Bedok South Avenue 3
Address: Bedok South Avenue 3, Singapore
District: 16
Total Units: 720
Tenure: 99-year Leasehold
Expected TOP: 2020

 


Our Personal Review

Will there be oversupply at Tanah Merah area? With Grandeur Park Residences on board, it will be the fifth condominium launched over the past 8 years at Tanah Merah. The first being Optima @ Tanah Merah in 2011, follow by Urban Vista, Eco and The Glades. All has TOP as of November 2016, except The Glades which will TOP in 2017. With all these newly launched, units over there easily cross 2000 units. Will it be sustainable? 

Firstly, the fact that past 3 projects being fully sold namely, Optima, Urban Vista and Eco proof that this area is highly sought after by investors as well as home owners for own stay due to its proximity to MRT Station and it being a mature estate with numerous amenities and supermarket all in close proximity. The Glades though still selling, has been selling well with sales happening every month. Eastern region condominium highly sought after by those in airline like Pilot, air stewardwess.

Secondly, from an investor perspective, will it be easily to rent with good rental yield with more than 2000 units at that area? Average rental yield in that proximity is about $3.50 as of November 2016 with Urban Vista hitting $4.27 psf being it as the latest development TOP. The demand over at Tanah Merah is due to its strategic location with potential tenants from Changi Business Park, Changi Airport, Singapore University of Technology and Design and also upcoming Paya Lebar Business HDB. Expats will also love this area for its proximity to Central Business DIstrict (CBD) in just a single train ride down to town.

Thirdly, the upcoming Thomson East Coast MRT line set to create more buzz and spilling effect. Residents staying at East Coast line can travel in breeze, whether to Changi Airport, Woodland or even Marina Bay Sands in a single train ride. More activities will also be happening over at nearby East Coast Park. 

Conclusion: We recommend a Buy Status for Grandeur Park Residences due to its strategic location for home owners and exapts with its nearby amenities and distance to Tanah Merah MRT Station and also to investors with its good rental yield for its strategic location near to Changi Business Park, Paya Lebar Business Hub, Singapore University of Technology and Design and Changi Airport. Most Importantly, to capitalize on the fair market value due to the market sentiment from the cooling measure. 

 


Grandeur Park Residences Showflat VVIP Preview Registration

** Floor Plan will be mailed to you upon this form submission. Alternatively, RSVP for Grandeur Park Residences showflat preview.








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Sales Hotline: 6100 8806

Huttons Asia L3008899K | Pauline Goh R044984B

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Average rating:  
 1 reviews

Has been looking for a new condo near my parents place at bedok. hope can be build by 2019 as looking for own stay with my spouse after we get married

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