Friday, March 22, 2013

Strong demand for all categories of D'Nest units


SOME 500 of the 650 units released for sale at D'Nest, a 99-year leasehold condominium in Pasir Ris Grove, have been sold since its preview launch last Friday.

The Business Times - March 19, 2013

SOME 500 of the 650 units released for sale at D'Nest, a 99-year leasehold condominium in Pasir Ris Grove, have been sold since its preview launch last Friday.

The 912-unit project, jointly developed by City Developments (CDL), Hong Leong Holdings, and Hong Realty, has a site area of 444,284 square feet.

CDL said yesterday that it had released more units progressively across all unit-type configurations to cater to the "overwhelming positive demand".

The units were going for an intended average price of $990 per square foot (psf), but CDL had offered buyers an early-bird discount to make up for the Additional Buyer's Stamp Duty which some buyers had to pay.

This brought down the average price to about $920 psf, but this has since been adjusted up by about 2 per cent, CDL said.

D'Nest comprises 12 blocks of 11- to 13-storey apartments and three clubhouses.

It has a range of one- to four-bedroom units, five- bedroom dual-key apartments, and 10 dual-key penthouses with five or six bedrooms. The one-bedroom units each cost about $498,000, and two bedders, some $680,000.

Prices for three-bedroom units start at $820,000, and four-bedroom apartments, at $1.15 million.

CDL said about 80 per cent of the buyers are Singaporeans, while foreigners and permanent residents are mainly from Malaysia, China, and Indonesia.

The developer added: "Some already live in the Pasir Ris vicinity and/or are buyers of CDL's other nearby developments such as the Livia and NV Residences; they are confident of D'Nest's potential capital appreciation and rental yield."

D'Nest is located within walking distance of Pasir Ris MRT station and White Sands shopping mall. It is slated to be completed in 2017.


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

Senior Sales Director
DTZ Property Network Pte Ltd (L3007960A)
Email: marshe_inc@yahoo.com.sg

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