CDL, MCL launch this weekend to kick off batch of upcoming projects

CITY Developments Ltd (CDL) and MCL Land will start marketing a 407-unit condominium - Piccadilly Grand - this weekend, in the first of a batch of upcoming launches that will be closely watched to gauge sentiment and demand.

The 99-year-leasehold project in the Farrer Park area would be the first major private residential development to come to market since cooling measures were introduced four months ago. (see amendment note)

Prices at Piccadilly Grand start at S$1.058 million for a one-bedroom apartment, which translates to about S$2,186 per square foot (psf), and go up to over S$3 million for 5-bedroom units ranging from 1,582 sq ft to 1,679 sq ft.