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SingHaiyi sells 550 units at Grand Dunman on launch weekend; best-selling project in 2.5 years

July 16, 2023 6:30 PM SGT

Crowd at the preview of Grand Dunman (Photo: SingHaiyi Group)

SINGAPORE (EDGEPROP) - The launch weekend (July 15-16) saw 550 out of 1,008 units at Grand Dunman snapped up, reflecting a take-up rate of 54.6%. The average selling price achieved at the 99-year leasehold condo on Dunman Road in prime District 15 was about $2,500 psf.

SingHaiyi Group and CSC Land Group are the joint developers of Grand Dunman. It is the fastest-selling project of 2023. About 90% of the buyers were Singaporeans, with another 9% Singapore Permanent Residents and 1% foreigners, says Gary Lim, SingHaiyi Group head of sales and marketing.

A good spread of units ranging from one-, two- and three-bedroom, including dual-key units, were sold, says SingHaiyi's Lim. About 70% of the units sold were priced around $3 million or below.

GRAND DUNMAN 2BR STUDY SHOWFLAT - EDGEPROP SINGAPORE

A good spread of unit types, ranging from one- to three-bedroom units, including dual-key units were sold (Photo: Samuel Isaac Chua/EdgeProp Singapore)

"Grand Dunman's exceptional performance makes it the best-selling project of 2023 in terms of number of units sold," says Ismail Gafoor, CEO of PropNex. "As a mega-project with over 1,000 units, it provides homebuyers with more unit types and sizes options."

Grand Dunman is also the top-selling project since the 1,862-unit Normanton Park, which sold about 600 units on its launch weekend in January 2021, says Mark Yip, CEO of Huttons Asia. "This makes Grand Dunman the best-selling project in 2.5 years," he adds.

"Being the only mega-project launch above 1,000 units in 2023, Grand Dunman generated much buzz on its preview weekend, which attracted about 10,000 visitors," Yip observes.

Grand Dunman is the only mega-project above 1,000 units launched this year (Photo: Samuel Isaac Chua/EdgeProp Singapore)

Grand Dunman's proximity to Dakota MRT station on the Circle Line, just a two-minute walk away, is another major attraction for owner-occupiers and investors. "Not only are homebuyers drawn to the convenience, but investors are assured of the rentability," says Gafoor.

Some of Grand Dunman's other locational attributes include its proximity to the CBD, the Old Airport Road Food Centre, the Katong heritage area and within 1km of the Kong Hwa School, a famous primary school, says Ken Low, managing partner of SRI.

"The strong sales at Grand Dunman over the weekend had a spill-over effect on the two other projects in District 15 launched earlier this year: the 638-unit Tembusu Grand in April and the 816-unit The Continuum in May," Low adds.

Grand Dunman landlens - EDGEPROP SINGAPORE

Grand Dunman is located just a two-minute walk from the Dakota MRT station (Source: EdgeProp Landlens)

Units at Grand Dunman that command the highest premium are south-facing units that overlook the prestigious private landed estate of Mountbatten and Meyer area, the East Coast Park and the sea, says Marcus Chu, CEO of ERA Singapore.