CDL-MCL went up against 10 other bidders for this government land sales (GLS) tender and emerged victorious with the winning bid of $445.9 million to secure the site for the construction of Piccadilly Grand. This works out to $1,129 psf ppr over a Gross Floor Area (GFA) of 394,809.46 sq ft.

Full tender results Source: URA
This is 5.7% higher than the second highest bid of about $422 million or $1,069 psf ppr submitted by Winrich Investment, and 74.2% higher than the lowest bid of $256 million offered by Japura Development. It’s also higher than the price the most recent GLS site, Uptown @ Farrer on Perumal Road, which was sold to Low Keng Huat (Singapore) Limited for $1,001 psf ppr in January 2017.
Based on the $1,129 psf top bid, the breakeven price for developer could be between $1,800 and $1,900 psf, while the launch price of each condo unit could start from start from $2,100 psf to $2,200 psf.
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*Pricing above for Piccadilly Grand are indicative pricing. For the latest pricing, please contact our developer sales team.

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      Piccadilly Grand, Proudly Developed By

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      Developer: City Developments Limited (CDL) and MCL Land Developer License No: TBA Tenure of Land: 99-years  Lot No: TS18-02853T
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