The renowned developer City Developments (CDL) emerged the winner of the recent GLS tender for the 210,550 square metre land parcel at Jalan Tembusu. The developer’s bid of $768 million or $1,302 per sq ft ppr was higher than its nearest competitor by 8%.
The award of the plot to CDL is a clear sign that buyers remain eager to purchase new homes, particularly in the private residential market. This despite the current global economic uncertainties and the high interest rate environment. The developer will be constructing 407 new private units at Piccadilly Grand, which is set to become the largest new launch project in 2022’s first half in terms of number of units (technically North Gaia is bigger with 616 units but it’s an EC).
Nestled within a lush landscape, The tembusu grand promises a bouquet of facilities planted throughout the development. From vibrant pools teeming with life to calming lounges, the development promises quiet, contemplative spaces that allow residents to immerse themselves in nature and connect with the natural world.
As the name suggests, the development pays homage to the Tembusu tree. The mighty tropical rainforest tree is commonly found in Singapore, with its distinctive thorns and rounded branches. The tree can be spotted at the Singapore Botanic Gardens’ Lawn E and is also featured on the back of the Singapore $5 note.
The Tembusu Grand will feature the latest technology to help residents make the most of the lush landscape and its innate beauty. A green infrastructure will be created, featuring rainwater harvesting and storage, biodegradable waste treatment, regenerative landscaping and more. These eco-features will work together to bring the living experience to a new level, while also providing the benefit of reduced maintenance and operational costs for residents.
Residents of the development will also have the added advantage of being close to amenities. These include the upcoming Tanjong Katong MRT station; popular schools such as Tanjong Katong Primary School and Canadian International School (Tanjong Katong Campus); eateries in the Katong area; and East Coast Park. In addition, residents can access the site via major arterial roads like Race Course Road and Bukit Timah Road.
The development is also located in the eco-friendly Tengah district, which will eventually be Singapore’s first car-free town. The district is planned to have walking paths, underground highways that allow electric vehicles and even urban agriculture. It will also house a polyclinic, which will allow Copen Grand residents to get quality medical care near home. This is especially important given the country’s aging population, which has led to a spike in health-related issues and a greater need for medical services.