Lumina Grand EC: A Promising Launch for New Home Buyers

Lumina Grand EC: A Promising Launch for New Home Buyers

Lumina Grand, a new executive condominium (EC) development, has seen a strong sales performance on its launch weekend, selling 269 units, or 53% of the 512 available units, at an average price of S$1,464 per square foot (psf).

The strong demand for Lumina Grand reflects the keen interest among first-time buyers and HDB upgraders for well-located and thoughtfully designed properties. The project’s proximity to several schools makes it an appealing choice for families.

However, despite the favorable conditions, Lumina Grand’s take-up rate is still lower than other recent EC projects. One key reason is the rising prices of new EC units, with Lumina Grand’s average price being significantly higher than other recent launches.

Some buyers may choose to purchase units at Lumina Grand now, out of concern that the selling prices of future ECs will go up due to higher land rates for upcoming projects.

For new home buyers, Lumina Grand presents a promising opportunity to own a well-located EC with condominium-like amenities. The project’s strong sales performance on launch weekend suggests that it is still a popular choice among eligible buyers. However, it is essential to consider factors such as affordability, location, and resale potential when making a purchase decision.