Strong demand for East Coast properties - Tembusu Grand, first new sale in Katong this year – 340 units sold on opening weekend PART I
05-May-2023
East Coast properties news - City Developments Limited (CDL) and MCL Land started selling 638 Tembusu Grand units on Saturday, April 8, 2023, two weeks after the sales showroom opened for viewing. prior to March 24, 2023. At 5pm on Sunday, April 9, 2023, 340 units (53% of the project) were sold for an average selling price of S$2,465 per square foot. (psf).
The East Coast Living : Tembusu Grand
About 90% of the buyers are Singaporeans, while the remaining 10% include Permanent Residents and expats from China, Malaysia, the United States and other countries. All apartment types are well received by homebuyers, with two-bedroom, two-bedroom plus study and three-bedroom apartments being the most popular. One-bedroom plus study and four-bedroom apartments also have healthy intakes.
Located in the charming enclave of Tanjong Katong and the East Coast, East Coast properties - Tembusu Grand consists of four elegant towers and its towering architecture features an iconic crown design inspired by sculptural forms and texture of the heritage Tembusu tree. Located just an 8-minute walk from the upcoming Tanjong Katong subway station on the Thomson-East Coast Line, Tembusu Grand also enjoys good access to major highways, making it the Central Business District (CBD), the Financial District, and the Central Business District. Main Marina Bay and Changi Airport become a short drive away.
East Coast Condo unit sizes range from 527 square feet (sq ft) for a one-bedroom plus den to 1,711 square feet for a five-bedroom, including two spacious and exclusive Penthouses with area 2,691 square feet. Apartments are attractively priced from S$1,248 million for a one-bedroom plus study room, S$1,548 million for a two-bedroom (667 square feet), S$2,278 million for a three-room apartment bedroom (990 square feet), S$3,288 million for a four-bedroom (1,432 square feet) and S$4,028 million for a five-bedroom (1,711 sq ft).
Check out the East Coast properties in Singapore | Tembusu Grand
Tembusu Grand is a development which have just been launched by a renowned CDL developer, located in district 15. It also offers a fresh 99-year option in a largely freehold neighborhood.CDL was the winning bidder in the Jalan Tembusu GLS tender.
Learn more details of East Coast Condo here.
Sherman Kwek, CEO of CDL Group, said: “We are delighted to launch our first launch in 2023 with great success. The strong response to Tembusu Grand reflects strong demand for beautifully designed homes in this sought-after area and a vibrant neighborhood with trendy cafes, trendy boutiques and more. dining options and amenities. We are delighted to partner with MCL Land to create a lasting symbol that complements Katong's rich cultural heritage, with quality and sustainability at the heart of the design."
Rob Garman, CEO of MCL Land, said: “Our first launch of the year has been warmly welcomed by buyers who recognize the appeal of Tanjong Katong and the East Coast. . What is certainly appealing is the convenience of being near the upcoming Tanjong Katong MRT station. Tembusu Grand marks another successful partnership between MCL Land and CDL and we certainly look forward to future collaborations.”
Tembusu Grand is the third project in the CDL-MCL Land partnership, after the successful launch of Piccadilly Grand in Farrer Park area, has now sold 90% and Copen Grand Executive Apartment has sold out in Ho Chi Minh City. Tengah town is coming. CDL is also familiar with District 15, which launched Amber Park in 2019, now 99% sold.
READ PART II: checking out Strong demand for East Coast properties - Tembusu Grand, first new sale in Katong this year - PART II here.