My Brutally Honest Review of Grand Dunman

When it comes to luxury living in Singapore, Grand Dunman has certainly caught the attention of investors and homeowners alike. With over 30 years in the property market, I’ve seen my fair share of developments, but Grand Dunman has managed to stand out for several reasons. Here’s my take on what makes this project worth considering—and what you should think twice about.

The Seller’s Market and Overwhelming Demand

During its launch, Grand Dunman received an overwhelming over 2,000 cheques from potential buyers, which far exceeded the units available. This strong demand has created a classic seller's market, where developers can afford to set higher prices due to the intense interest. What does this mean for you as a buyer? Prices are likely to be firm, and any hopes for significant discounts may be slim. However, the sheer demand also signals that this development holds long-term value, with potential for capital appreciation.

This frenzy of interest tells us something important—buyers are confident in Grand Dunman’s location, amenities, and future potential. The high volume of interest has already led to 70% of units sold, cementing its status as a highly desirable project.

4- and 5-Bedroom Units: Will You Secure One?

The larger 4- and 5-bedroom units at Grand Dunman are among the most sought-after due to their limited supply and high demand. These spacious units cater to families and affluent buyers, offering not just generous living spaces but also an element of prestige that comes with owning prime property. If you're fortunate enough to secure one, you’ll be holding a high-value asset with strong potential for significant appreciation in the future. With the nearby Kallang Alive masterplan, which includes an 18,000-seater indoor arena and a pedestrianised boulevard through the Sports Hub, these larger units become even more appealing, promising lifestyle enhancements and greater property value.

2- and 3-Bedroom Units: A Smart Investment?

The 2- and 3-bedroom units present a solid investment option for smaller families or property investors. These mid-sized homes strike a balance between affordability and practicality, making them a popular choice for those seeking a home in a prime location or rental income potential. With the proximity to top schools and the recreational upgrades in the area from the Kallang Alive masterplan, these units are positioned for capital appreciation and strong rental demand. Investors can expect attractive returns while benefiting from Grand Dunman’s vibrant surroundings.

Studios and 1-Bedroom Units: Compact and Promising

The studio and 1-bedroom units are perfect for young professionals or singles looking for a convenient and modern living space. Although smaller in size, these units are designed with functionality in mind, offering excellent rental potential due to their affordability and appeal to urban dwellers. The future development of the Kallang Alive precinct, bringing even more amenities to the neighbourhood, will only increase the desirability and value of these compact units.

The Importance of Views and Layouts

Views play a crucial role in determining the long-term value of a unit at Grand Dunman. Higher-floor units with unblocked views, particularly those overlooking the upcoming Kallang developments, will command premium prices and hold better resale value. Whether you're purchasing a large family unit or a studio, opting for a property with a great view and efficient layout is key to maximising future returns.

Capital Gains Potential

With Grand Dunman’s proximity to the upcoming Kallang Alive project and other key developments, the potential for capital gains is substantial. Units offering unique features like unblocked views or proximity to these new amenities will see stronger demand and higher resale values over time. Whether you're purchasing for personal use or as an investment, Grand Dunman’s strategic location ensures promising returns.

Is It Worth Being a “Whale”?

In real estate, a "whale" often refers to a high-net-worth individual holding onto a significant and valuable asset, and in this case, owning one of the larger units at Grand Dunman could place you in that category. In 3–4 years, when the project matures, those who managed to secure these premium units could find themselves with a property that appreciates significantly, especially if market conditions remain favourable.

However, this is not without risks. The high prices you're paying now mean that if the market does not perform as expected, your returns could be lower than anticipated. But given the scarcity and exclusivity of these larger units, the odds are in your favour for long-term gains.

What to Buy—and What to Avoid

Lower Floors: If you're looking to purchase on a budget, lower-floor units may be appealing. However, when it comes to capital gains, these units tend to appreciate less compared to higher-floor units with unblocked views. If you're in it for the long haul and want to maximise your capital returns, aim for higher floors.

Per Square Foot (PSF) Pricing: While the PSF prices at Grand Dunman may seem steep, they align with other prime district developments. When you factor in the development’s proximity to Dakota MRT station, its unblocked views, and top-tier amenities, the pricing becomes more justifiable, especially if you're looking for luxury living with high capital appreciation potential.

Unblocked Views and Premium Value

For those eyeing a long-term investment, unblocked views—especially from the higher floors—add a premium to your unit's value. The surrounding low-rise buildings mean that higher-floor units enjoy unobstructed views, which will continue to appeal to both buyers and renters in the future.

3-Bedroom 2-Bath Units: A Solid Investment?

For those with a more moderate budget, the 3-bedroom, 2-bath units offer a practical entry point into luxury living. These units, while not as exclusive as the larger ones, still come with premium amenities and the strong rental potential of the area. If you're an investor looking for steady rental income, these units are a solid choice, especially given the proximity to top schools and the MRT.

Conclusion: Should You Buy Grand Dunman?

There’s no doubt that Grand Dunman is a top-tier development with plenty of investment potential. Whether you're a family looking for long-term luxury or an investor eyeing capital appreciation, this project ticks all the boxes. But with high demand and firm prices, acting sooner rather than later is key.

Whether you’re buying for investment or lifestyle, Grand Dunman offers exclusivity, luxury, and the potential for significant returns. But remember, it’s a competitive market—waiting too long could mean missing out.

Interested in securing a unit at Grand Dunman? Contact Mike Parikh at +65 9383 8818 today to learn more about your options!