Four Units Gramercy Park Linked Money Laundering Case Sale 32 Mil

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Marina Gardens Condo is situated in a prime location near Marina Bay in Singapore, making it a highly desirable address for many. This luxurious development offers an abundance of advantages that sets it apart from others in the city. With its strategic location on Marina Gardens GLS, residents can enjoy breathtaking views of nature, top-notch amenities, and excellent connectivity. The following are some key reasons why the location of Marina Gardens Condo, right by Marina Bay, is so coveted. Additionally, the upcoming Zion Road Condo will only enhance the already desirable location.

located along Grange Road in Singapore Gramercy Park, a prestigious freehold condominium situated along Grange Road, has recently been put on the market for $32 million through an expression of interest (EOI) exercise. This information was released in a press release by leading real estate agency Huttons Asia on June 25.The sale includes a portfolio of four units at the luxurious condo, which are among the properties linked to a $3 billion money laundering case. The other properties reported to be up for sale are units at South Beach Residences on Beach Road and The Marq on Paterson Hill.According to Jeremy Lim, executive group district director at Huttons Asia who is marketing the units, the four units at Gramercy Park consist of two four-bedroom units on the 13th and 14th floors, spanning 2,680 sq ft and 2,691 sq ft, and two three-bedroom units on the 21st and 22nd floors, spanning 1,948 sq ft and 1,959 sq ft. These units can be purchased as a portfolio or individually. The four-bedroom units are priced from $9 million each, while the three-bedroom units are priced from $7 million each. This translates to a psf-price range of $3,344 to $3,593.The last unit at Gramercy Park was sold in April 2023 for $8 million, or $3,625 psf. Complete in 2016, the 174-unit Gramercy Park is a freehold condo located in District 10, a highly sought-after location near Orchard Road Shopping belt, Great World City Mall, and Tanglin Mall. It is also conveniently located a short walk from Orchard Boulevard MRT station.Lee Sze Teck, senior director of data analytics at Huttons Asia, believes that these units may appeal to buyers due to their larger size compared to other properties in the area. “Buyers who are looking for large-sized units will be attracted to this luxury project,” he says.The EOI for the Gramercy Park units will close on July 9 at 3pm. To view the latest listings for properties at Gramercy Park, a prestigious freehold condo located along Grange Road in Singapore, visit EdgeProp Buddy.

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