Friday, March 22, 2013

Suburban homes still being snapped up


NEW suburban homes are still flying off the shelves with hundreds of private apartments snapped up over the weekend.

The Straits Times - March 19, 2013

NEW suburban homes are still flying off the shelves with hundreds of private apartments snapped up over the weekend.

The 582-unit Urban Vista in Tanah Merah sold an additional 70 units in the two-day period, bringing total sales to about 250 units. Prices were mostly in the range of $1,400 to $1,550 per sq ft (psf).

D'nest in Pasir Ris with 912 units also shifted another 150 units over the two-day period.

It sold 350 units alone at its preview on Friday, bringing total sales to more than 500 units. The condo is jointly developed by City Developments (CDL), Hong Leong Holdings and Hong Realty.

While buyers paid about $920 psf on average during the preview, prices have since been raised by about 2 per cent, CDL said.

About 80 per cent of the buyers are Singaporeans while the remaining are foreigners and permanent residents mainly from Malaysia, China and Indonesia, its spokesman added.

Sennett Residence, close to the Potong Pasir MRT station, has also sold about 250 of its 332 apartments since its launch earlier this month. The average price of units at the project was $1,450 psf.

Other new launches are also being lined up as developers push out new projects after the lull during the Chinese New Year festivities last month that slowed sales.

Hong Leong Group's 868-unit condo Bartley Ridge, in Mount Vernon Road near Bartley MRT station, will be previewed this Friday.

Market sources say that average prices are likely to range from $1,250 to $1,450 psf - or within the price range of two other developments in the area, Bartley Residences and Sennett Residence.

The 99-year leasehold development comprises one- to four-bedroom units as well as dual key units. Overall prices start from $580,000.

Another condo Hillview Peak is also expected to be launched in the next few weeks, with agents quoting indicative average prices of about $1,400 psf.


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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