Investment

Piccadilly Grand, a Highly Anticipated Mixed Development Project to be Developed by Well Known Developer, CDL and MCL Land

CDL and MCL Land, two well-known and award-winning developers, are the driving forces behind this project, so you can rest assured that it will deliver on its promises. Over the course of their careers, the two developers have built more than 50,000 homes, amassing a wealth of experience and information.

An apartment complex with a 99-year leasehold tenure will be built on Northumberland Road by renowned developer CDL and joint venture partner MCL Land. Piccadilly Grand is the name of the new, high-end luxury condominium that will soon be built. More than 400 apartments will be built in a 23-story building with a retail area on the bottom floor, which will be ready for occupancy in 2026 at the earliest.

Piccadilly Grand connects directly to the Farrer Park MRT. The proximity of Farrer Park MRT and Little India to shopping malls, restaurants, and hawker cuisine makes it an ideal location for potential homebuyers.

Piccadilly Grand has an excellent location with lots of amenities nearby

Piccadilly Grand’s location on the North-East Line and Downtown Line puts residents within walking distance of two MRT stations, Farrer Park MRT and Little India MRT. Orchard Road shopping district is just a short bus ride away from the neighbourhood. With Fairprice and Donki at Mustafa Centre and City Square Mall, residents have a wealth of grocery shopping options right outside their front door.

Visitors to the City Square Mall who enjoy dining out will have no shortage of options thanks to the wide variety of restaurants in the area. These places include Tekka Centre, Pek Kio Market and Food Centre, which serve numerous South Asian eateries.  The Little India heritage zone is just a short walk away from this busy neighbourhood, so parents may take their children there to learn about the rich history and culture of the area. The Downtown Line’s MRT provides easy access to green spaces including Fort Canning Park and the Botanical Gardens.

Piccadilly Grand is great for couples who plan on establishing a baby, as the KK Women’s & Children Hospital is only a short distance away from the property. Many first-time homebuyers are drawn to the Farrer Park area because of its proximity to the Central Business District (CBD), as well as the ease with which it is connected to various other locations of Singapore by the public transportation. Many people in the Farrer Park area have been anxiously awaiting the development of Piccadilly Grand because it will finally provide an opportunity to buy a home in the region.

The Piccadilly Grand is a great investment property or a great place to call home when travelling. From one-bedroom to four-bedroom luxury suites, Piccadilly Grand has something for every type of traveller. There are ingenious design details and smart features in addition to the creative layouts that enhance the impression of spaciousness.

Piccadilly Grand Pricing

An agreement has been reached between the Urban Redevelopment Authority (URA) and a joint venture of City Development Limited (CDL) and MCL Land for the sale of the Piccadilly Grand site. A joint winning bid of $445,888,000 was made by the two developers and defeated the other bidders by a margin of $1,129 per square foot each year.

Vibrant neighborhood with Rich History awaits Future Residents of Piccadilly Grand

The Piccadilly Grand property in Singapore’s District 08, just outside Little India, is located on Singapore’s Northumberland Road and is zoned for residential use, with commercial space on the ground floor. Piccadilly Grand will include 405 new apartments and sites on 0.87 ha when it’s completed in the near future.

Residents of Piccadilly Grand will be able to take advantage of the area’s rich cultural history and convenient access to modern facilities because to its central position. Tekka Place, Pek Kio Market and Food Centre, Little India Historic District, Farrer Park Primary School and the Farrer Park MRT Station are all within walking distance of the complex.

Little India, a vibrant and colourful neighbourhood just a few blocks away from Farrer Park, with a rich cultural history. Because of its proximity to the city and the exciting new developments planned for the Ophir-Rochor area, the neighbourhood is an excellent place to put money to work.

Future Prospects of Piccadilly Grand

In the future, Piccadilly Grand will appeal to anyone looking to invest or buy a property in a historic area. In addition, it’s a terrific option for families that wish to be close to the city’s most prestigious schools and workplaces. This means that future Piccadilly Grand residents may be confident that their opulent apartments will be completed by developers who have a proven track record of success. Piccadilly Grand could benefit from the developer’s name recognition when it comes to capital gains. Thus, we have seen a detailed review of the Piccadilly Grand Property as well as other important details related to this property. More information on Piccadilly Grand can be found at https://piccadilly-grand-condo.com.sg/

Pros and Cons of buying a home in the outskirt

If you are having the idea of buying a home in a outskirt area, you should weigh the pros and cons. Investing in a outskirt property does have some advantages, but you also need to be aware of the potential disadvantages to make an informed investment decision. Before buying, make sure you know the disadvantages of outskirt real estate and consider the following.

While some people like remoteness and view it positively, living in the outskirt can be a significant adjustment for those who are not used to it. Another reason people move to familiar places is for integration. People who want to buy in outskirt areas can develop a deeper understanding of the culture through thorough study, preparation, and research.

Outskirt environments allow investors to acquire many properties, diversify their portfolios, and increase their profits. If you want to acquire and renovate many properties and establish a brand, you can significantly impact outskirt areas.

There is no competition in outskirt areas, which leads to lower property values than in central area. Outskirt property values could help investors achieve their goal of becoming market leaders. Due to rules and regulations, the profits from real estate development in outskirt areas are lower than those in central areas.

In most cases, investing in outskirt real estate requires paying less than half the price of a home in a major city. The value of outskirt properties is much lower than properties of comparable size in the city, so that you can buy many properties on a tight budget. Investing in outskirt real estate can be dangerous, especially in small real estate markets.

Outskirt areas do not have the range and quality of public services as urban areas. The economic outlook is more limited in this region of the country, and demand is lower. This makes investors wary of buying rental properties as the number of people migrating to outskirt areas is minimal.

Outskirt areas offer few economic opportunities, and it can take a long time for an owner to find a tenant or buyer for his land. Finally, you should only invest in outskirt real estate if you are willing to take on the challenges that come with it. You may have to make a small financial investment to acquire the land, but you will reduce any risks before you commit to the deal.

Due to huge availability and low demand, it is easy to find the house you are looking for. When you invest in outskirt areas, you can escape common problems in big cities such as complicated rules and regulations, expensive taxes, HOA restrictions and fees, and a high crime rate. These precautions can help you save time and money while facilitating business progress.

As cities and their surrounding suburbs continue to thrive, some people like you opt for a quieter and more uncomplicated way of life. Many people benefit from better connectivity and proximity to as many amenities and recreational opportunities as possible.

If you want to continue your business career, it is advisable to buy a property in the country and move there. The greenery, proximity to supermarkets, pharmacies, clothing stores, restaurants, nightlife and the sight of the stars, a claim he explored how the university is the main disadvantage of metropolitan areas, the pros and cons of country living and a deeper look at country living. Life in the country is slower than life in the city.