Sing-HaiYi Jade, a unit of the SingHaiYi Group, was awarded the tender for the mega site in Dunman Road for $1.28billion, or $14,536.62 per sqm ($1350psf per) of gross floor area (GFA).
Located near Dakota MRT station and Geylang River, the 99-leasehold plot spans 25,234.3 sqm and can yield estimated 1008 private homes with 5 commercial units.
Power of Good School, MRT Effect with Rentability, and Large Land Size.
Let us dive deeper to understand more on these attributes that will make Grand Dunman a high demand Development in 2023.
1. Power Of Good School
There will be 2 Primary Schools within 1KM from Grand Dunman.
As seen from the above maps, the Tanjong Katong Primary School 1KM radius covers about 3/5 of the land parcel (shaded in yellow and blue border).
While for Kong Hwa School, it is well within 1KM of Grand Dunman.
This will be a strong attribute for young parents to get a chance in enrolling their kids into these schools.
This will also drive up the resale market in the future.
Reports in Straits Times and Analysis had stated that owning a development near tends to draw the demand and the capital appreciation then developments that are further away.
2. MRT Effect with Rentability
Dakota MRT is well within a short walking distance from Grand Dunman.
If we take from the furthest end of the land parcel, it’s only less than 300 meters. If measured from the bus stop outside Grand Dunman, it is less than 200 meters.
For any home owners in the current market, they will value the close proximity to a MRT station, even more so for investors.
As tenants usually do not own a car hence public transportation is very important to them.
We can see people enjoying huge profits, and rentals by owning a property near MRT. Especially along the Circle Line.
Why Circle Line? Because this is the only MRT Line that runs round the central part of Singapore. And with the completion of Keppel, Prince Edward and Cantonment MRT (2026), it will complete the entire Circle Line Loop.
Rental transactions in this area has been very strong.
Near MRT, Near Good Schools, Prime Location, City Fringe, Near Amenities…
3. Large Land Size
Development with Large Land Size near to MRT are rare in Singapore, and they are usually in high demand.
The nearest example to Grand Dunman is Parc Esta, which is just opposite Eunos MRT.
Next, let’s see how Grand Dunman will fare against a freehold launch in the vicinity. The Continuum is a freehold development that is estimated to launch relatively soon. As you can see, the land cost for The Continuum is significantly higher than GrandDunman. So it goes without saying that the launch price for The Continuum would be higher than Grand Dunman, but it’s no surprise given that The Continuum is a freehold property – and freehold properties usually come with a premium.
Therefore, the only development out of the 3 being the closest to MRT, Grand Dunman is the development that you cannot miss out on. With the 3 factors discussed in the above post, you can be assured that this could be a good potential buy for your own stay or investment.
If you are planning a move or upgrade and wish to assess your financial situation or have a safe property plan for the future, do contact us for a non-obligatory sharing session.
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