SingHaiyi sells 550 units at Grand Dunman best-selling project in 2.5 years

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Grand Dunman, the 99-year-leasehold condo in prime District 15, saw a take-up rate of 54.6% over its launch weekend as 550 out of 1,008 units were snapped up. The average selling price achieved was approximately $2,500 psf.

Developed by joint venture partners SingHaiyi Group and CSC Land Group, this project is the fastest-selling of the year with most buyers (90%) being Singaporeans, 9% being Permanent Residents and 1% foreigners. Gary Lim, SingHaiyi Group’s Head of Sales and Marketing, said a good spread of unit types ranging from one-, two- and three-bedrooms including dual-key units were sold with 70% reportedly priced around $3 million or below.

“Grand Dunman’s exceptional performance makes it the best-selling project of 2023 in terms of number of units sold,” said Ismail Gafoor, CEO of PropNex. Mark Yip, CEO of Huttons Asia, noted that it makes Grand Dunman the best-selling project in 2.5 years.

Grand Dunman’s proximity to the Dakota MRT station (two minutes away) on the Circle Line is a major draw for both owner-occupiers and investors. Additionally, being close to the Central Business District, the Old Airport Road Food Centre, the Katong heritage area and Kong Hwa School is a major appeal.

Ken Low, Managing Partner of SRI, noted that Grand Dunman’s success had “a spill-over effect” on other projects launched in District 15 this year, including the 638-unit Tembusu Grand and the 816-unit The Continuum.

Some of Grand Dunman’s units with the highest premium are south-facing, overlooking the prestigious private landed estate of Mountbatten and Meyer, the East Coast Park and the sea according to Marcus Chu, CEO of ERA Singapore.

It is clear that the launch of Grand Dunman was a huge success. Its prime location, close proximity to MRT stations and amenities, good spread of unit types, and moderate price points have all come together to make it one of the most sought-after projects of 2023.