Piccadilly Grand: launch sales, prices and the meaning of the take-up rate

Historical archive · 2022-05-08. Prepared retrospectively on 3 October 2026. Date basis: Original dated release/report. Historical prices are not current quotations.

Reported sales outcome

By 6pm on 8 May 2022, CDL and MCL Land reported 315 of 407 homes sold at Piccadilly Grand, with an average selling price of S$2,150 psf. Bookings had commenced the previous day.

Reading the result

The count is approximately 77.4% of the full project. It is therefore a whole-development result rather than a percentage of a smaller initial release. There were 92 homes outside the reported sold count at that time.

At a constant S$2,150 psf, a hypothetical 900 sq ft home implies S$1.935 million and a 1,200 sq ft home S$2.58 million. These arithmetic examples show the effect of area. They are not verified quotes for Piccadilly Grand units.

An integrated development should be compared on total quantum and usable layout as well as psf. A lower rate on a larger home can still require a bigger overall commitment. Strong take-up does not establish a future rental yield. A present-day comparison needs recent achieved rents and resales, with the project’s later sold-out status kept separate from this opening report.

Later status note

CDL annual report records fully sold in FY2023. This later status was added during retrospective preparation, not known at the original announcement date.

Sources

Developer annual report for later status

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