Date: 23 March 2023
CITY Developments Ltd (CDL) and MCL Land are set to launch Tembusu Grand, their latest residential project. Previews began on March 24th, with sales bookings to start on April 8th. The development, which is located in District 15 along Tanjong Katong Road, will comprise four 20-21 storey blocks and house 638 units.
Over 80% of these units will be one- to three-bedroom apartments, while the remaining units will consist of four- to five-bedroom units and two five-bedroom penthouses, measuring 2,691 sq ft each. The development sits on a land area of 210,622 sq ft, with a maximum permissible gross floor area of 589,744 sq ft, translating to about S$1,302 per sq ft per plot ratio (psf ppr).
Tembusu Grand offers over 40 recreational facilities, including four swimming pools, a yoga studio, a tennis court, a gymnasium, barbecue pavilions, a karaoke pod, and a children’s playroom. Each unit comes with a smart home system featuring a digital lock set, a smart video doorbell, as well as smart air conditioning and lighting controls.
Sherman Kwek, CDL group CEO, said that Tembusu Grand marks the company’s first launch of the year, adding that the company is “delighted to enliven the East Coast area with yet another residential jewel after Amber Park.” MCL Land’s CEO, Rob Garman, cited the project’s transport connectivity and smart-living experience and anticipates robust demand for the launch.
Tembusu Grand is about an eight-minute walk to the Tanjong Katong MRT station on the Thomson-East Coast Line, and is near malls and popular schools in the East, as well as the East Coast Park, Singapore Sports Hub, and Singapore Indoor Stadium. It is also a short drive to the Central Business District, Marina Bay Financial District, and Changi Airport via major expressways such as the ECP, PIE, and KPE.
The last major residential condominium launch in the district was the 298-unit Liv @ MB in May 2022, developed by Bukit Sembawang Estates. The 99-year leasehold project has sold more than 80% of its units at an average price of S$2,423 psf.
GuocoLand’s Meyer Mansion, another major private residential development launched in the area in September 2019, sold 21 of 200 units at an average price of S$2,747 psf at launch weekend. Amber Park, launched in May 2019 by CDL and Hong Realty, has sold more than 99% of its 592 units. The last transaction was the sale of its five-bedroom premium unit for S$5.326 million or S$2,486 psf in February 2023.