Overview Rating
Piccadilly Grand is a promising project, offering a convenient location near amenities, transportation, schools, healthcare facilities, and future developments. Its leasehold tenure might be its only downside; however, it still offers decent resale potential due to its prime central fringe location.
Tenure
The condo project has a 99-year leasehold tenure starting from 2 Aug 2021. While leasehold properties tend to be more affordable initially than freehold ones, they may have less appreciation potential over the long term.
Amenities
Piccadilly Grand is conveniently close to several amenities. The condo is approximately 250m away from Farrer Park MRT Station, within walking distance to City Square Mall and Mustafa Centre, and surrounded by various food centers and markets such as Berseh Food Centre, Pek Kio Market and Food Court Centre, Tekka Market, etc.
Future Development
Farrer Park area has potential for further development and gentrification, positively affecting Piccadilly Grand’s long-term appreciation prospects. The nearby developments such as Centrium Square and Connexion could contribute to the vibrancy of the area and increase demand for housing.
Sale PSF Price
The PSF prices for Piccadilly Grand units range from around $1,971 (OCR) – $2,585 (CCR). Based on the average PSF prices in Singapore’s regions, the sales price for Piccadilly Grand is considered competitive and may offer good value for homebuyers seeking city fringe living.
Resale Potential
Piccadilly Grand’s resale potential seems decent due to its prime city fringe location near Little India district, proximity to various amenities like shopping malls and schools (e.g., Farrer Park Primary School), and good transportation access with Farrer Park MRT nearby. Furthermore, it is developed by reputable developers CDL & MCL Land.
Rental Yield
Given its prime location near the Central Business District (CBD), Orchard Shopping Belt area, and popular tourist spots like Little India district, Piccadilly Grand could attract professionals or expatriates looking for rental accommodations in a convenient location with many amenities nearby. The average rental yield in Singapore is around 3-4% depending on factors such as property type and location.
Piccadilly Grand is a mixed-use development located at Northumberland Road in the Farrer Park area of Singapore. This luxurious condominium offers an array of amenities and residential options ranging from one to five-bedroom units. In this comprehensive review, we will delve into the details of the development’s location, unit types, pricing, and value proposition.
Introduction
Piccadilly Grand is a 99-year leasehold mixed development by City Developments (CDL) and MCL Land. Offering 407 residential units spread across three blocks of 23 storeys each, the project also encompasses commercial retail space on the ground floor along with a childcare center. Expected to TOP in 2027, Piccadilly Grand spans a land area of approximately 94,000 sq ft with a gross floor area cap of 36,679 sq m.
Location
The prime city fringe location of Piccadilly Grand offers both advantages and disadvantages for prospective residents. On one hand, its proximity to Farrer Park MRT Station provides excellent access to public transportation with just an 8-minute walk away. The close distance to major expressways such as Kallang-Paya Lebar Expressway (KPE), Pan Island Expressway (PIE), and Central Expressway (CTE) also enables convenient driving access to Central Business District (CBD) and Orchard Shopping belt within minutes.
On the other hand, being situated near the historic Little India district may not appeal to those who prefer quieter neighborhoods or less densely populated areas. However, this location offers easy access to several shopping malls like Mustafa Centre, City Square Mall, Tekka Place as well as schools such as Farrer Park Primary School and St Joseph’s Institution Junior.
Units
One key strength of Piccadilly Grand lies in its diverse unit offerings catering to different lifestyles and preferences. Unit sizes range from compact one-bedroom apartments to spacious five-bedroom units, providing options for singles, couples, and families alike. The unit layouts are well-designed with luxury and elegance in mind, featuring top-quality finishes and fittings.
However, some may argue that the units could be less appealing to those who prefer larger living spaces or more customized design elements. Nonetheless, the development boasts unique features such as direct link access to Farrer Park MRT Station and an array of recreational facilities including swimming pools, gymnasiums, and children’s playgrounds.
Price
Piccadilly Grand’s price point is competitive when compared to other developments in the area. With 1BR/2BR/3BR fully sold out and remaining 4BR Flexi units starting from $2,876,000; 4BR units from $2,823,000; 5BR units from $3,046,000; and 5BR Premium from $3,226,000 – this development offers value for money considering its prime location and range of amenities.
However, it is essential to consider current market conditions and comparable properties in the vicinity before making a final decision on whether Piccadilly Grand represents a sound investment opportunity.
Conclusion
In summary, Piccadilly Grand offers a luxurious living experience with a prime city fringe location complemented by an array of amenities and unit types. Its proximity to public transport options as well as top schools makes it suitable for families seeking convenience without compromising on comfort.
While some may find the development less appealing due to its location near Little India district or desire larger living spaces with customizable design elements – overall Piccadilly Grand presents itself as a solid investment option in Singapore’s property market with its competitive pricing structure coupled with luxurious amenities catering different lifestyle needs.
Based on this comprehensive analysis we recommend prospective buyers looking for a premium residential experience within close reach of CBD area consider exploring what Piccadilly Grand has to offer.
