Four units at Gramercy Park linked to money laundering case for sale at $32 mil

A portfolio of four units at Gramercy Park, a luxury freehold condo along Grange Road, has been listed for sale at $32 million via an expression of interest (EOI) exercise, according to a June 25 press release by Huttons Asia. The portfolio is part of a collection of properties linked to the $3 billion money laundering case that are said to have been put up for sale. The other properties that are on the market reportedly include units at South Beach Residences on Beach Road as well as The Marq on Paterson Hill. The four units at Gramercy Park consist of two four-bedroom units on the 13th and 14th floors spanning 2,680 sq ft and 2,691 sq ft and two three-bedroom units on the 21st and 22nd floors spanning 1,948 sq ft and 1,959 sq ft. Read also: Singapore updates money laundering risk assessment, the first since 2014 Advertisement The units can be purchased as a portfolio or individually says Jeremy Lim, executive group district director at Huttons Asia who is marketing the units. Each four-bedroom unit priced from $9 million while the three-bedroom units are priced from $7 million each. This translates to a psf-price range of $3,344 to $3,593. The last unit at Gramercy Park to change hands was sold in April 2023. The 2,207 sq ft, three-bedroom unit fetched $8 million, or $3,625 psf. Completed in 2016, the 174-unit Gramercy Park is a freehold condo located in District 10, close to the prime Orchard Road Shopping belt, Great World City Mall and Tanglin Mall. It is a short walk to Orchard Boulevard MRT station. Lee Sze Teck, senior director of data analytics at Huttons Asia, believes the units may appeal to buyers given that they are bigger compared to most recent developments in the vicinity. “Buyers who are looking for large size units will be attracted to this luxury project,” he says. The EOI for the Gramercy Park units will close on July 9 at 3pm. Check out the latest listings for Gramercy Park properties