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Posted on Mar 17, 2022


Piccadilly Grand
CDL and joint venture partner, MCL Land, submitted the top-bid of $445.9 million, or $1,129psf for the 8,732.9sqm site at Northumberland Road. Breakeven cost could be between $1800-$1900psf, and likely indicative selling price could start from $2100 to $2200psf. Mak said the 405 dwelling units is "rather manageable for most developers to build and sell all the units within five year, thus minimizing the risk of exceeding the risk of ABSD deadline".
Once completed, the site will benefit from the convenience of Farrer Park MRT station as well as the shopping options of Mustafa Centre and City Square Mall and hotel development Connexion.
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