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CDL-MCL Land's Tembusu Grand 53% sold at an average price of $2,465 psf

Cecilia Chow
Cecilia Chow • 4 min read
CDL-MCL Land's Tembusu Grand 53% sold at an average price of $2,465 psf
The preview of Tembusu Grand drew 14,000 visitors across the two weekends ahead of the launch on April 8 (Photo: CDL)
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Joint venture partners City Developments Ltd (CDL) and MCL Land launched their third project, Tembusu Grand, on April 8. Having moved 340 out of 638 units, the take-up rate of the project on Jalan Tembusu, just off Tanjong Katong Road, was 53.3%. Units were sold at an average price of $2,465 psf.

According to the developers, Singaporeans comprised 90% of the buyers, while Permanent Residents (PRs) and foreigners accounted for the remaining 10%. Foreigners included those from China, Malaysia and the US.

Unit sizes at Tembusu Grand range from 527 sq ft for a one-bedroom plus study to 1,711 sq ft for a five-bedroom, with two penthouses of 2,691 sq ft each. Apartments were priced from $1.248 million for a one-bedroom plus study, $1.548 million for a two-bedroom (667 sq ft), $2.278 million for a three-bedroom (990 sq ft), $3.288 million for a four-bedroom (1,432 sq ft) and $4.028 million for a five-bedroom unit (2,691 sq ft).

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