get an agent

Buy with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Browse New Launch Condos

Find new units for sale

Browse Resale Listings

Connect with sellers through our app

RESOURCES

Calculate Buyer’s Stamp Duty

Find the amount payable when buying

Affordability Calculator

Find the amount payable when buying

How to Buy an HDB

A step-by-step guide to buying HDB

How to Buy a Private Property

A step-by-step guide to buying condo/landed

get an agent

Sell with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Post a Listing for Free

Connect with buyers through our app

RESOURCES

Calculate Seller’s Stamp Duty

Find the amount payable when selling

How to Sell my HDB

A step-by-step guide to selling HDB

How to Sell my Private Property

A step-by-step guide to selling condo/landed

HOME E-VALUATION

For tenants

Rent with an Agent

Dedicated experts at your service

RESOURCES

How to Rent an HDB

A step-by-step guide to renting HDB

How to Rent a Private Property

A step-by-step guide to selling condo/landed

For landlords

Lease with an Agent

Dedicated experts at your service

Lease Documentation

Leave the paperwork to us

RESOURCES

How to Lease an HDB

A step-by-step guide to renting HDB

How to Lease a Private Property

A step-by-step guide to selling condo/landed

Do it yourself

ARTICLE CATEGORIES

HDB

All things about public housing

Private Property

All things about private property

Home Improvement

Guides for must-know reno tips

Financing

All about mortgage solutions

Towns

Singapore townships in focus

Client Stories

Success stories from customers

Founders’ Message

From the desks of Rhonda & Race Wong

Enjoy seamless property transactions with our world-class real estate consultants!

Found your dream home?
Share on facebook
Share on twitter
Share on email
Share on whatsapp

Gramercy Park @ Grange Road: The Freehold Luxury Project that Brought Shares Surge to City Developments (CDL)

Ohmyhome

Ohmyhome

Share on facebook
Share on email
Share on whatsapp

Gramercy Park is a freehold luxury development located at 57 Grange Road in District 10. Developed by City Developments Limited (CDL), it comprises 174 spacious units, split between two 24-storey towers. It promises tranquility despite being in the city, with the lushness of its greenery and size.

In a report, CDL shares surged on news that Gramercy Park has seen robust sales. Aside from the steady price increase in the past three years, this project’s spacious units were built with families in mind. No wonder, 70 out of the 87 units (80%) of the apartments launched in the North Tower during phase one were sold.

3 Reasons Why Gramercy Park Is an Investment-Worthy Family Home:

1. Specifications and Perks for Own Stay

Project Name Tenure TOP Unit Type (up to) Size in sqft (up to) Average Price PSF (up to)
Gramercy Park Freehold 2016 2-bedder+S*
3-bedder
4-bedder
Penthouses (5-bedder)
1,292
2,207
3,122
7,287
$3,149

Gramercy Park offers exceptionally roomy apartments. The size difference between two-bedroom and three-bedroom is nearly 1,000 sqft. It’s rare to have a condominium in that area offering a range of units; nearby freehold condominiums (within a 250m radius) like Beverly Hills and Bishopsgate Residences have four-bedroom and three- to four-bedroom units only.

Facilities found in this 170,000 sqft development include a Grand Lawn, 50m Grand Pool, Fitness Studio, Putting Green, Tennis Court and more. There’s even a Play Pool and Playground for your little ones. Having a gathering? Entertain your guests at Club Gramercy or go outdoorsy with a barbeque by The Lawn or The Woods!

2. Accessibility, Amenities and Schools

A home in Grange Road is clearly desirable because of its location. A short drive is all it takes to get to various places like Orchard, Holland Village, River Valley and Great World City (less than 10 minutes!). Right outside the condominium is a bus stop that has a bus service (Bus 75) to Bukit Panjang, Ngee Ann Polytechnic, Holland Village, Raffles Place and Marina Centre. Residents can look forward to Orchard Boulevard MRT Station which will be operating in 2021, located just two bus stops from the development.

What’s for supper? Restaurants in malls are mostly closed after 10 pm. Fret not, there’s a wide range of eateries at River Valley, about five to 10-minute walk. Schools within the vicinity include five preschools, primary schools (Alexandra Primary School, River Valley Primary School) and international schools (ISS International School, Chatsworth International School). Looking for a doctor? Healthcare institutions found nearby are Gleneagles Hospital and Mount Elizabeth Hospital.

3. Property Price

The price for a three-bedroom Gramercy Park unit in the past three years:

  • January to December 2017 – up to 6,378,400
  • January to December 2018 – up to 6,750,000
  • January to December 2019 – up to 6,880,000

Since 2017, the property price at Gramercy Park has increased. With the upcoming developments, the price will most likely continue to rise over the years.

Freehold status, desirable residential area and roomy apartments are all winning elements of a property which Gramercy Park possesses. Love the sound of all that? Make Gramercy Park your home today. Talk to our real estate consultants and get VIP agent service. Call 6886 9009 now!


Best Mortgage Rate Across All Banks for Gramercy Park

Talk to our mortgage brokers with over 30 years of experience and get the lowest mortgage rate at 1.78%. Our home loan specialists will assist you with everything you need to know from Total Debt Servicing Ratio (TDSR), Loan to Value (LTV) Limits and Legal Conveyancing.

Buyer’s Stamp Duty for Gramercy Park

Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.

If you opt to buy a three-bedroom unit at Gramercy Park the price is at $6,880,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $259,800.

Market Value of the Property BSD Rate Calculation
On the first $180k 1% $1,800
On the second $180k 2% $3,600
Next $640,000 3% $19,200
Remaining $5,880,000 4% $235,200
BSD Payable $259,800

Source: IRAS

Looking at another unit size? Use Ohmyhome’s In-app BSD calculator for faster calculation! Download Ohmyhome from the Play Store or App Store now!

Additional Buyer’s Stamp Duty for Gramercy Park

Liable property buyers in Singapore are required to pay Additional Buyer’s Stamp Duty (ABSD) on top of the existing BSD. ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).

Who is liable to pay ABSD:

  • Singapore Citizen (SC) buying second, third and subsequent residential property
  • Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
  • Foreigners or entities buying any residential property

ABSD for Singapore Citizens when Buying Gramercy Park

Here’s the ABSD amount you are required to pay if you are an SC:

Property Ownership ABSD Rate ABSD Amount from Price $6,880,000
If Gramercy Park is your second residential property 12% $825,600
If Gramercy Park is your third or subsequent residential property 15% $1,032,000

ABSD for Singapore Permanent Resident when Buying Gramercy Park

Here’s the ABSD amount you are required to pay if you are an SPR:

Property Ownership ABSD Rate ABSD Amount from Price $6,880,000
If Gramercy Park is your first property 5% $825,600
If Gramercy Park is your second or subsequent residential property 15% $1,032,000

ABSD for Foreigners when Buying Gramercy Park

Here’s the ABSD amount you are required to pay if you are a foreigner:

Property Ownership ABSD Rate ABSD Amount from Price $6,880,000
Foreigners buying any property 20% $1,376,000

VIP Service for Buyers at $0 Agent Fees

Our real estate consultants will provide you insights about this new project and assist you with everything you need to know from BSD, ABSD, exercising the OTP to sealing the deal.

Buy your dream home at $0 agent fee!

Call 6886 9009 now!

Subscribe Now

Get a notification every time we upload a new blog post.

Enjoy seamless property transactions with our world-class real estate consultants!

Found your dream home?

Featured Blogs

Your one-stop guide for must-know HDB tips

get an agent

Buy with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

Do it yourself

Browse New Launch Condos

Find new units for sale

Browse Resale Properties

Download the app and speak directly to sellers

RESOURCES

Affordability Calculator

Calculate required tax for selling

Calculate Buyer’s Stamp Duty

Find the amount payable when buying

How to Buy an HDB

A step-by-step guide to buying HDB

How to Buy a Private Property

A step-by-step guide to buying condo/landed

bUY OVERSEAS

get an agent

Sell with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Post a Listing for Free

Download the app and connect with buyers

RESOURCES

Free Home E-Valuation

Know the value of your property in seconds!

Calculate Seller’s Stamp Duty

Find the amount payable when selling

How to Sell an HDB

A step-by-step guide to selling HDB

How to Sell my Private Property

A step-by-step guide to selling condo/landed

get an agent

Rent with an Agent

Dedicated experts at your service

do it yourself

Browse Rental Listings

Download the app and connect with landlords

RESOURCES

How to Rent an HDB

A step-by-step guide to renting HDB

How to Rent a Private Property

A step-by-step guide to renting condo/landed

get an agent

Lease with an Agent

Dedicated experts at your service

Lease Documentation

Leave the paperwork to us

do it yourself

Post a Listing for Free

Download the app and connect with tenants

RESOURCES

How to Lease my HDB

A step-by-step guide to renting out an HDB

How to Lease my Private Property

A step-by-step guide to renting out condo/landed

FEATURED ARTICLES

Condo Renting 101: Where to Look, Sizes and Cost

Looking for a condominium to rent ...

Ohmyhome Raises US$5M in Series A+ Funding

Ohmyhome, the leading Property 
One-Stop Shop Platform

ARTICLE CATEGORIES

HDB

All things about public housing

Private Property

All things about private property

Home Improvement

Guides for must-know reno tips

Financing

All about mortgage solutions

Towns

Singapore townships in focus

Client Stories

Success stories from customers

Founders’ Message

From the desks of Rhonda & Race Wong

Social media

Other