Wednesday, April 4, 2012

Good response at preview of EON Shenton

Business Times: Wed, Apr 04
FOLLOWING last Friday's strong reception to Oxley Tower's preview, where retail units sold like hot cakes, the developers of EON Shenton, too, began previewing their project on Monday evening.


Some of EON Shenton's shop, office and apartment units had to be balloted to cater to demand from more than one potential buyer.


As of yesterday, all 23 street-level shops were sold, at a price range of $4,000-$4,980 psf, BT understands. The shops are 129 sq ft to 377 sq ft.


The developers of EON Shenton - a 99-year leasehold project that will rise on the former Marina House site at 70 Shenton Way - are said to have sold 30-plus of the 50 office units which were released. In all, the project has 98 office units.


The 50 office units range from 506 sq ft to 1,765 sq ft - and were priced at between $2,150 psf and $3,000 psf at Monday evening's preview. These prices are understood to have been upped by 2 per cent yesterday. The 50 office units released are on levels 7-13, 16, 18 and 20. Sources say the developers may have decided to keep four entire office floors - levels 15,17,19 and 21 - for investment.


EON Shenton's top 10 floors - levels 23-32 - will house 132 apartments of between 527 sq ft and 1,249 sq ft.


About 40-plus apartments have been sold out of a batch of 66 released at between $2,200 psf and $2,750 psf. Apartments with sea views cost about 20 per cent more than city-facing units.


EON Shenton is being developed by a consortium comprising Melvin Poh of Fission Group, Roxy-Pacific Holdings, Macly Group, Pinnacle Assets and architect-turned-developer Chee Hsian Sing...

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Martin Koh/ Sherry Tang
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