Sunday, March 17, 2013

Buyers flock to City Development's D'Nest

The Business Times  |  Mar 17, 2013
The preview for Urban Vista also reported good sales as 180 of the 230 units rolled out were snapped up

Previews of both D'Nest and Urban Vista saw overwhelming response yesterday. More than 350 units of the 450 released at City Developments' (CDL) D'Nest, which previewed yesterday, have been snapped up.

The project, which was launched in tandem with joint venture partners Hong Leong Holdings and Hong Realty, was offered at a special early bird selling price of about $920 per square foot (psf).

Take-up rate was good across the range of apartment sizes and unit types, said CDL. The 99-year leasehold development, which comprises 912 units, is located at Pasir Ris Grove and is within walking distance of Pasir Ris MRT station.

Apartment prices ranged from approximately $498,000 for a one-bedroom unit (484-570 sq ft); $680,000 for two-bedroom units (753-1,012 sq ft); and $820,000 and $1.15 million respectively for three-bedroom (starting from 936 sq ft) and four-bedroom units (starting from 1,270 sq ft).

Separately, the preview for Fragrance Group and World Class Land's Urban Vista saw 180 of the 230 units rolled out snapped up. Units were priced at an average of $1,350 per square foot.

Located at the junction of New Upper Changi Road and Tanah Merah Kechil Link, Urban Vista comprises 582 residential units ranging from one- to four-bedroom suites, soho units, apartments, dual-key units, garden homes, and penthouses.

The 99-year leasehold project saw prices for units start from $588,000 for a one-bedroom unit which averages 450 sq ft; $768,000 for a two-bedroom unit which averages 600 sq ft; $1.098 million for a three-bedroom unit which averages 900 sq ft; and $1.468 million for a four-bedroom unit which averages 1,050 sq ft.

The project features 135 one- bedroom units, 249 two-bedroom units, 160 three-bedroom units, and 37 four-bedroom units.

These prices include an additional 7 per cent discount for home buyers to help offset the recent implementation of increased Additional Buyer's Stamp Duty and other measures.
Amenities located close to Urban Vista include the upcoming East Village lifestyle hub, Bedok Market, Bedok Point Shopping Centre, and Changi General Hospital.

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C

Senior Sales Director
DTZ Property Network Pte Ltd (L3007960A)

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