According to SingHaiyi Group, approximately 10,000 visitors turned up at the Grand Dunman sales gallery over the weekend. The figures are current as of 8 p.m. on July 2.
On Saturday, July 1, the sales gallery opened for public viewing. The official launch date is July 15.
Raymond Chia, CEO of SingHaiyi Group, was optimistic about the number of attendees and anticipates robust sales.
The number of people who visited Grand Dunman’s showflat is not only the highest this year, but also in the previous 5 years.
The most recent project to draw a crowd of around 10,000 people was Chip Eng Seng Corp’s Park Colonial at Woodleigh, which debuted back in June 2018.
SingHaiyi has not disclosed the prices of the apartments at the 1,008-unit Grand Dunman private condominium.
However, market watchers predict that they will be slightly below the $2,500 psf mark on average.
Given SingHaiyi’s acquisition price of $1,350 psf per plot ratio for the land parcel along Dunman Road in June last year, one analyst says the average price of just under the $2,500 psf mark is in line with the market’s expectations.
This price point could be comparable to, or slightly higher than, the median psf price of $2,465 achieved at the launch of the nearby 638-unit new condo, Tembusu Grand in April this year.
Tembusu Grand, developed by both City Developments Ltd (CDL) and MCL Land, is located along Jalan Tembusu which is just off the Tanjong Katong Road.
Both Grand Dunman and Tembusu Grand are located within District 15 of Singapore.
However, the latest Grand Dunman is situated along Dunman Road, next to the Geylang River, and is only a mere 2-minute walk away from Dakota MRT station.