Sunday, April 8, 2012

Two new condos won't come cheap

Straits Times: Fri, Apr 06
RESIDENTIAL projects to be launched in Bishan and Paya Lebar this month will test the market's appetite for ever rising prices.


UOL Group's mixed-use Katong Regency in Tanjong Katong Road will be pushed out by the end of this month while buyers will be able to snap up units at CapitaLand's 509-unit Sky Habitat in Bishan Street 14 from April 14.


UOL Group president (property) Liam Wee Sin told The Straits Times that prices of the 244 units at Katong Regency on the former Lion City Hotel site will average $1,500 to $1,600 per sq ft (psf).


Industry sources said that indicative prices for Sky Habitat range from $1,700 to $1,800 psf...

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