The weekend that the Grand Dunman launch took place (July 15-16) saw 550 of 1,008 units in Grand Dunman snapped up, which translates to a level at 54.6%. The median selling price for the 99-year leasehold condominium located on Dunman Road in District 15’s prime area was around $2,500 per sq ft.
SingHaiyi Group and CSC Land Group are co- developers of Grand Dunman. Grand Dunman is the most-sold project in 2023. It was estimated that 90% of buyers were Singaporeans and the remaining nine% Singapore Permanent Residents and 1% foreigners, claims Gary Lim, SingHaiyi Group director of marketing and sales.
There was a wide range of units that ranged between one three-bedroom, two- and three-bedroom and even dual-key units were sold, according SingHaiyi’s Lim. The majority of% all units that were sold valued at $3 million or less.
“Grand Dunman’s outstanding performances make it the top-selling project in 2023 in terms in units that were sold” declares Ismail Gafoor the PropNex’s CEO. PropNex. “As the largest project in the world with more than thousand units in total, it offers buyers with a wider range of unit types and sizes.”
The Grand Dunman will also be the most-sold project since the 1,862 units Normanton Park, which sold around 600 units during its opening weekend in January 2021 claims Mark Yip, CEO of Huttons Asia. “This is what makes Grand Dunman the top-selling property in the last 2.5 time,”” Yip says.
“Being the sole mega-project to launch with more than 1,000 units by 2023 Grand Dunman generated much excitement during its opening weekend that attracted around 10,000 people,” Yip observes.
Grand Dunman’s closeness to Dakota MRT station located on the Circle Line, just a two-minute walk away, is a important draw for owners as well as investors. “Not only are home buyers drawn by the convenience, but investors can rest assured of renting potential,” Gafoor says. Gafoor.
The other features in its location include its closeness to the CBD as well as it’s close to CBD and the Old Airport Road Food Centre and the Katong heritage area, and is within 1km of Kong Hwa School, a well-known primary school, according to Ken Low, managing partner of SRI.
“The high-volume demand in Grand Dunman over the weekend resulted in a ripple effect across The two additional projects that District 15 which were announced earlier in the year including The 638-unit Tembusu Grand in April and the 816-unit The Continuum in May,” Low adds.
The units in Grand Dunman that command the most premium prices are those facing south which overlook the exclusive private estate that is Mountbatten as well as the Meyer area as well as in addition to the East Coast Park and the sea, according to Marcus Chu, CEO of ERA Singapore.