A 4-Bedroom Unit at Gramercy Park Up for Sale at $8.68 mil

In Gramercy Park, a 2,680 sq feet, four-bedroom unit on the 14th floor of one of those twin 24-storey towers is currently available on the industry. Even a mortgagee sale, the device is going to be set up for auction from Edmund Tie on Nov 18. Register Now to get updated Pollen Collection launch price.

The North Tower surfaced in March 2016 following the freehold project acquired Temporary Occupation Permit (TOP), although the South Tower premiered a year after. The project is totally offered up to now.

Gramercy Park has drawn both shareholders and owner-occupiers. As at April 2017, Singaporeans were stated to constitute 24% of their buyers, whereas Singapore permanent citizens and citizens from China, Indonesia, Taiwan, Hong Kong, Malaysia, US, France, UK and India have been stated to account for the remainder.

One of the only one to four-bedroom units at Gramercy Park, the four-bedders are especially sought-after given their design and dimensions, which vary from 2,562 into 2,702 sq ft. The units include a private elevator, moist and dry kitchen completely equipped with top-end Gaggenau appliancesplus a utility room and a lawn. Average of luxury condos, the living area and baths are complete marble, while the bedrooms have wood flooring.

According to caveats lodged, the hottest trades at Gramercy Park have been in February this year: a 2,702 sq feet, four-bedroom unit at the fifth degree that changed hands for $7.73 million ($2,859 psf); and 2 components on the 12th degree — a three-bedroom unit of 2,207 sq feet, along with a 2,691 sq feet, four-bedroom unit — which were marketed for $7.28 million ($3,301 psf) and $8.88 million ($3,300 psf) respectively.

Another significant attraction of Gramercy Park is the place on Grange Road in prime District 10. It’s a couple of minutes’ drive into the Orchard Road shopping belt along with a eight-minute drive into the CBD. The job can also be near medical centers, such as Camden Medical Centre, Gleneagles Hospital and Medical Centre, in Addition to Mount Elizabeth Medical Centre and Hospital.

Gramercy Park is also situated close to the coming Orchard Boulevard MRT Station on the Thomson-East Coast Line, which will be just 1 stop by the Orchard MRT Interchange Station.

Buyers enjoy the fact that the job sits within an expansive property area of near 170,000 sq feet, based on land brokers. Condominium facilities incorporate 24-hour concierge assistance, a 50m lap pool, gym featuring the most recent gear, and tennis court. The project was created by famous New York-based architectural firm, NBBJ, that was also the architect for Your Sail@Marina Bay. Additionally, it won the Job Excellence Award in EdgeProp Excellence Awards 2017.

Considering that the unit dimensions and the place, the four-bedroom unit available on the industry is very likely to appeal to both owner-occupiers and investors. “There is a market for resale units at Gramercy Park, especially the four-bedroom units, that can be hunted by thieves, particularly the Chinese, since they have friends or partners who have also bought units in the evolution,” says Dominic Lee, head of luxury team at PropNex, who brokered the purchase of lots of the units at Gramercy Park as soon as the job was initially launched.