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Development Details

Gramercy Park - Development Details

Architect NBBJ & AXIS

Main Contractor Hyundai Engineering and Construction

Project Account Mizuho Bank Ltd. for Proj Acct No. 10-849-412534 of Aston Properties Pte Ltd

Project Title Gramercy Park 格美华庭

Project Company Aston Properties Pte Ltd

Location 57 Grange Road

Land size 15,718 sqm / 169,189 sqft

Tenure Estate in fee simple (Freehold)

Expected TOP 31 March 2017

Expected Completion 31 March 2020

Total carpark lots Total 248 lots including 3 handicap lots, 4 electrical charging lots, 2 washing bays & 1 family lot

Bedroom TypesSize (sqft)

(Areas are not finalized and are subject surveyor’s

final calculation.)

Total No. of Units

%Est. Maintenance

p/month (Subj. to GST)

2-brm+Study 1,184 – 1,292 sqft 42 24

TBA3-brm 1,884 – 2,207 sqft 84 48

4-brm 2,562 – 3,122 sqft 44 26

Penthouse (5-brm) 5,543 – 7,287 sqft 4 2

Site Plan

Location Plan

Showflat

Why Gramercy Park?

Beautiful landscaping with a grand lawn of about 4 tennis court

174 apartment units with generous 248 car park lots

Freehold

Why Gramercy Park?

Prime District 10 – Grange Road

Rare vast land area of approx. 169,000sqft

Full condominium facilities with concierge service

Spacious 2+S / 3brm / 4brm / 5brm-PH with private lift and fully fitted with top quality finishes

Designed by one of world’s top 10 most innovative architecture firms - NBBJ

Developed by CDL – Singapore’s trusted property pioneer since 1963

Prestigious Address • Prime Location

Tanglin Mall

Botanic Garden

Dempsey Park

Holland Village CBD

Marina Bay Sands

Orchard Road

Within 10 minutes Within 15 minutes

600m to Future Orchard Blvd

MRT

Exceptional lifestyle and convenience!

Park & garden wine & dine shopping schools

Large freehold site – RARE!!

<100,000sf

>200,000sf

100,000 – 150,000sf

150,000 – 200,000sf

Legend:

169,000sf

138,000sf

49,000sf

76,000sf

130,000sf

129,000sf37,600sf

44,000sf

72,000sf

117,000sf

43,000sf55,000sf

345,000sf

60,000sf

112,000sf

74,000sf248,000sf

52,000sf73,000sf

200,000sf

Nouvel 18

Potential Capital Growth

??

$3914psf

$4720psf

$2869psf

$3128psf

$4046psf$3212psf

$2792psf

$3300psf

$3038psf

-$3485psf

$2873psf

$3676psf

-

$3589psf$3271psf

-$3088psf

Nouvel 18

$3041psf

<100,000sf

>200,000sf

100,000 – 150,000sf

150,000 – 200,000sf

Legend:

Last Transaction Done -$2792psf to $4046psf

Potential Capital Growth

??

$3914psf

$4720psf

$2869psf

$3128psf

$4046psf$3212psf

$2792psf

$3300psf

$3038psf

-$3485psf

$2873psf

$3676psf

-

$3589psf$3271psf

-$3088psf

Nouvel 18

$3041psf

$4174psf

$5560psf

$3704psf

$3462psf

$6840psf$4180psf

$4800psf

$4803psf

$4398psf

$3485psf

$4289psf

$4120psf

$3626psf

$4799psf

$3640psf

$3676psf

<100,000sf

>200,000sf

100,000 – 150,000sf

150,000 – 200,000sf

Legend:

Highest $Psf Achieved -$3462 to $6840psf (up to

42% above last transaction)

??

$3914psf

$4720psf

$2869psf

$3128psf

$4046psf$3212psf

$2792psf

$3300psf

$3038psf

-$3485psf

$2873psf

$3676psf

-

$3589psf$3271psf

-$3088psf

Nouvel 18

$3041psf

$4174psf

$5560psf

$3704psf

$3462psf

$6840psf$4180psf

$4800psf

$4803psf

$4398psf

$3485psf

$4289psf

$4120psf

$3626psf

$4799psf

$3640psf

$3676psf

-41%

Successful EnblocHampton Court (FH)Site Area 33,425 sf

$2,526 psf pprDecember 2012

Successful EnblocWestwood Apt (FH)Site Area 62,179sf

$2,525 psf pprNovember 2007

Successful EnblocArdmore (FH)

Site Area 42,565 sf

$2,338 psf pprJune 2007

Spring Grove (LH)Site Area 263,513 sf

$2,512 psf pprLaunched in July 2014

Potential Capital Growth

<100,000sf

>200,000sf

100,000 – 150,000sf

150,000 – 200,000sf

Legend:

Grossly Below Replacement

Cost!

Potential Capital Growth

Full condominium Facilities with Concierge

50m Grand Pool

Building Perspective from Grange Road*Artist Impressin

Full condominium Facilities with Concierge

Fitness Studio, Fitness Terrace & Putting Green

Note: Images are for reference only

Full condominium Facilities with Concierge

Note: Images are for reference only

Grand Lawn (approx 1,075 sq m/ 11,571 sq ft)

Full condominium Facilities with Concierge

Note: Images are for reference only and sculpture locations may change .

Full condominium Facilities with Concierge

Note: Images are for reference only.

Masterpiece by Renowned Architect + Reputable Developer

Developed by :

Release of Limited Units for Sale

Only selective units in North Tower will be released for sale :

Limited choices!

Total Units in one tower: 87 units

2+ Study (1184-1292sf) – 21 units

3br (1884-2207sf) – 42 units

4br (2562-3122sf) – 22 units

Phse (5543 & 7287sf) – 2 units

International Schools & Clubs

Views

View A - towards Chatsworth Landed Estate (15-storey)

View B - towards Orchard Road (15 storey)The Colonnade

Spring Grove

Cliveden

View A

View B

Floor Plans

2 bedroom + Study

Type A-2#02-03 (1184sqft)

Type A-5#05-03 (1238sqft)

Type A-19#19-03 (1270sqft)

3 bedroom (Type B1)

Type B1-3#03-04 (1884sqft)

Type B1-5#05-04 (1948sqft)

Type B1-12#12-04 (1981sqft)

3 bedroom (Type B2)

Type B2-2#02-02 (2013sqft)

Type B2-5#05-02 (2067sqft)

Type B2-12#12-02 (2207sqft)

4 bedroom (Type C)

Type C-2#02-01 (2562sqft)

Type C-5#05-01 (2702sqft)

Type C-13 (Showflat)#13-01 (2691sqft)

Additional Information

Additional Buyer Stamp Duty (ABSD)With effect from 12th Jan 2013

Profile of Buyer BSD1st Residential

Property

2nd

Residential Property

3rd Residential Property

Singapore Citizen (SC)

1% on first $180,0002% on next $180,0003% for the remainder

NIL 7% 10%

Singapore PR (SPR)

5% 10% 10%

Foreigner(FR)

15% 15% 15%

If the property is jointly bought (either joint tenancy or tenancy-in-common) by buyers with different profiles, the higher ABSD rate will apply on thepurchase price/ value of the property.

ABSD Remission- ABSD remission (by way of a lower ABSD rate or full remission) may apply to co-purchase by a married couple involving a SC spouse or SPR spouse

under certain scenarios.- Purchase of second residential property by a married couple involving at least one SC spouse may qualify for ABSD refund if The first property (co-

owned or owned separately) is sold within 6 months from the date of purchase of the second property (if it is a completed property) or TOP/CSC(whichever is earlier) of the second property (if it is an uncompleted property) and the married couple has not purchased or acquired a third orsubsequent property from the date of purchase of second property to the date of sale of the first property.

Foreigners under Free Trade Agreements (FTAs)Nationals and/or Permanent Residents of the following countries who fall within the scope of the respective FTAs will be accorded with the sametreatment as SCs.(Nationals and PR of Iceland, Liechtenstein, Norway, Switzerland. Nationals of United States of America)

Stamp Duty needs to be paid once the document is signed: Within 14 days after the date of the document if the document is signed in Singapore or Within30 days after the date of its receipt in Singapore if the document is signed overseas.

New Purchase of Residential Property by IndividualsWith effect from 12th Jan 2013 (OTP / S&P date)

Note: LTV for corporate entities is 20%

Seller Stamp Duty (SSD)With effect from 14th Jan 2011

The new SSD rates will be imposed on residential properties which are acquired (or purchased) on or after 14 January 2011 and disposed of (or sold) within 4 years of acquisition, as follows :

WEF from 30 Aug 2010 and disposed of (or sold) within 3 years of acquisition. The amount of SSD for the holding period of 1 year is computed based on the same rates as the buyer's stamp duty, but will be reduced to 2/3 and 1/3 of the amount of buyer's stamp duty for holding period of 2 years and 3 years respectively.

Holding Period SSD Rates

1 year 16%

2 years 12%

3 years 8%

4 years 4%

Property TaxA) Progressive tax rates for residential properties (exclude residential land)

B) Progressive tax rates for owner-occupied homes

Progressive Tax Rates

Annual Value ($) Effective 1 Jan 2014 Effective 1 Jan 2015

First 30,000 10% 10%

Next 15,000 11% 12%

Next 15,000 13% 14%

Next 15,000 15% 16%

Next 15,000 17% 18%

AV in excess of $90,000 19% 20%

Progressive Tax Rates

Annual Value ($) Effective 1 Jan 2014 Effective 1 Jan 2015

First 8,000 0% 0%

Next 47,000 4% 4%

Next 5,000 5% 6%

Next 10,000 6% 6%

Next 15,000 7% 8%

Next 15,000 9% 10%

Next 15,000 11% 12%

Next 15,000 13% 14%

AV in excess of $90,000 15% 16%

Payment ScheduleOrder Of Payment

Progress Of WorkPercentage of

Purchase Price1st a) On obtaining Option to Purchase/(Booking Fee)

b) On signing of Agreement for Sale & Purchase or within 8 weeks from the date of Option, whichever is later.

5%

15%2nd On completion of foundation work of the building unit. 10%

3rd On completion of reinforced concrete framework of the building unit. 10%

4th On completion of brick walls of the building unit 5%

5th On completion of ceiling of the building unit. 5%

6th The doors & window frames are in position, and that the electrical wiring (without light fittings), the plumbing & internal plastering to the building unit have been completed.

5%

7th The car park, roads and drains serving the housing project have been completed. 5%

8th On production of the Temporary Occupation Permit and Architect’s Certificate of Completion. 25%

9th Either:-1. Where completion of the Sale & Purchase takes place before the issuance of Certificate of Statutory Completion (CSC)

a) 2% to be paid to the Vendor on completion of Sale & Purchases

b) 13% to be paid to the Singapore Academy of Law as stakeholders to be dealt with as follows:

I. 8% to be released within 7 days of production of CSC

II. 5% to be released to the Vendor on expiry of 12 months from date of notice to take vacant possession

OR1. Where CSC is issued before completion of Sale & Purchase:

a) 13% to be paid in the following manner upon issuance of CSC

I. 8% to be paid to the vendor

II. 5% to be paid to the Singapore Academy of Law as stakeholders which shall be released to the vendor on expiry of 12 months from date of notice to date of vacant possession.

b) 2% to be paid to the vendor on completion of Sales & Purchase.

15%

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