The crowd at the sales gallery of Grand Dunman on Sunday afternoon, July 2 (Photo: SingHaiyi Group)
SINGAPORE (EDGEPROP) - Property developer SingHaiyi Group states that about 10,000 people visited the sales gallery of its Grand Dunman project over the weekend. The figures are as at 8pm on July 2. The sales gallery opened for public preview on Saturday, July 1. The official launch will be on July 15.
"We are very encouraged by the turnout, and we look forward to strong sales," says Raymond Chia, CEO of SingHaiyi Group.
The number of visitors is not just the highest this year, but the highest in five years. The last project that saw a crowd of about 10,000 was the 805-unit Park Colonial at Woodleigh by Chip Eng Seng Corp, which previewed over the June 30-July 1, 2018.
Read more: Weekend previews draw thousands
SingHaiyi has not indicated any prices for the 1,008-unit Grand Dunman private condo. However, marketing agencies reckon they will be "just below $2,500 psf on average".
Managing partner of SRI Ken Low says that the average price of just under $2,500 psf is "in line with expectations", given SingHaiyi's purchase price of $1,350 psf per plot ratio for Grand Dunman's land parcel in June last year.
At a shade below $2,500 psf, Grand Dunman's indicative price could be similar to, or slightly above the average price of $2,465 psf achieved at the launch of the 638-unit Tembusu Grand in April this year. Developed jointly by City Developments Ltd (CDL) and MCL Land, Tembusu Grand is located at Jalan Tembusu, just off Tanjong Katong Road.
Tembusu Grand and Grand Dunman are in the East Coast area of District 15. However, Grand Dunman is located along Dunman Road, adjacent to the Geylang River and just a two-minute walk from the Dakota MRT station on the Circle Line.
Check out the latest listings near Park Colonial, Tembusu Grand, Dakota MRT station