In part 1 of our study of Grandeur Park Residences, which we published on Jan 27, we uncovered that this 99-year leasehold, 720-unit project managed to deliver on its promises: it was competitively priced compared to its neighbours, and beat District 16 (D16) for percentage gains in $PSF.
However, we also determined its price growth seemed constrained by this same advantage, causing a mediocre performance versus the Singapore-wide leasehold market.
In the next part of this two-part analysis of Grandeur Park Residences, we’ll look at who actually made money at Grandeur Park Residences, and why resale outcomes varied so widely despite the project’s broadly stable performance.
To identify who actually made money at Grandeur Park Residences, we need to answer two basic questions: when did they buy, and what did they buy?
To answer this, we’ll look at how prices changed at three key points: (1) at launch, (2) in the period shortly after Grandeur Park Residences was completed (around 2020), and (3) during the resale market in the year of 2025.
These are the three key moments when owners make or lose money on the sale of their unit, and depending on exactly when it happened, they don’t all lead to the same outcome.
Average $PSF
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