Gramercy Park, yet another stunning freehold condominium development project by renowned developer City Development Limited (CDL). Gramercy Park is the former Lucky Tower where the developer, City Development Limited (CDL). Gramercy Park will become the ultra luxury condominiums offering privacy, exclusivity with top notch facilities. Visit Web : http://www.gramercyparkcondo.net/ Call Rick, 91092177, to arrange for a viewing appointment.

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2. Disclaimer
Subject to contract and availability: This document is prepared by Savills (Singapore) Private
Limited for information only. Whilst reasonable care has been exercised in preparing this
document, it is subject to change, and Savills (Singapore) Private Limited makes no
representation as to its truth, accuracy or completeness, and accordingly cannot be held
responsible for liability whatsoever for any loss howsoever arising from or in reliance upon
the whole or any part of the contents of this document. All images used in this document are
copyrighted by their respective owners unless otherwise stated. Links/Credits are provided
via click-through link or caption. You are advised not to publish copyrighted images on any
public platforms unless granted consent by the owner.

3. Development Details

4. 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 Types
Size (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
TBA
3-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

5. Site Plan

6. Location Plan
Showflat

7. Why Gramercy Park?

8. 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

9. 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

10. 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
129,000sf
37,600sf
44,000sf
72,000sf
117,000sf
43,000sf
55,000sf
345,000sf
60,000sf
112,000sf
74,000sf
248,000sf
52,000sf73,000sf
200,000sf
Nouvel 18

11. 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

12. 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)

13. ??
$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 Enbloc
Hampton Court (FH)
Site Area 33,425 sf
$2,526 psf ppr
December 2012
Successful Enbloc
Westwood Apt (FH)
Site Area 62,179sf
$2,525 psf ppr
November 2007
Successful Enbloc
Ardmore (FH)
Site Area 42,565 sf
$2,338 psf ppr
June 2007
Spring Grove (LH)
Site Area 263,513 sf
$2,512 psf ppr
Launched in July 2014
Potential Capital Growth
<100,000sf
>200,000sf
100,000 – 150,000sf
150,000 – 200,000sf
Legend:
Grossly Below
Replacement
Cost!

14. Potential Capital Growth

15. Full condominium Facilities with Concierge
50m Grand Pool
Building Perspective from Grange Road
*Artist Impressin

16. Full condominium Facilities with Concierge
Fitness Studio, Fitness Terrace & Putting Green
Note: Images are
for reference only

17. Full condominium Facilities with Concierge
Note: Images are for
reference only
Grand Lawn (approx 1,075 sq m/ 11,571 sq ft)

18. Full condominium Facilities with Concierge
Note: Images are for reference only and sculpture locations may change .

19. Full condominium Facilities with Concierge
Note: Images are for reference only.

20. Masterpiece by Renowned Architect + Reputable Developer
Developed by :

21. 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

22. International Schools & Clubs

23. 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

24. Floor Plans

25. 2 bedroom + Study
Type A-2
#02-03 (1184sqft)
Type A-5
#05-03 (1238sqft)
Type A-19
#19-03 (1270sqft)

26. 3 bedroom (Type B1)
Type B1-3
#03-04 (1884sqft)
Type B1-5
#05-04 (1948sqft)
Type B1-12
#12-04 (1981sqft)

27. 3 bedroom (Type B2)
Type B2-2
#02-02 (2013sqft)
Type B2-5
#05-02 (2067sqft)
Type B2-12
#12-02 (2207sqft)

28. 4 bedroom (Type C)
Type C-2
#02-01 (2562sqft)
Type C-5
#05-01 (2702sqft)
Type C-13 (Showflat)
#13-01 (2691sqft)

29. Additional Information

30. Additional Buyer Stamp Duty (ABSD)
With effect from 12th Jan 2013
Profile of Buyer BSD
1st Residential
Property
2nd
Residential
Property
3rd Residential
Property
Singapore Citizen
(SC)
1% on first $180,000
2% on next $180,000
3% 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 the
purchase 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 or
subsequent 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 same
treatment 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 Within
30 days after the date of its receipt in Singapore if the document is signed overseas.

31. New Purchase of Residential Property by Individuals
With effect from 12th Jan 2013 (OTP / S&P date)
Note: LTV for corporate entities is 20%

32. 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%

33. Property Tax
A) 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%

34. Payment Schedule
Order Of
Payment
Progress Of Work
Percentage of
Purchase Price
1st 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
OR
1. 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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