Mar 07, 2013 - By: iProperty.com Singapore
A freehold residential project in Braddell is expected to launch by SGX-listed Top Global Limited by the end of March 2013.
Prices for the twin residences – R Maison and E Masion, which are collectively named The Maisons, are expected to fall within the range of $1,350 psf to $1,450 psf.
According to Mr. Hano Maeloa, Chief Executive of Top Global, prices are 10%-15% lower than what was originally planned. Given that The Maisons are among the first few projects to launch after the latest round of property cooling measures, Top Global aims to price its units affordably, especially to first-time homebuyers. They are the specific group of people who are left unscathed from the harsh cooling measures introduced in January this year. Moreover, he added that so long as interest rates remain low and buyers continue to enjoy ample liquidity, there would be healthy demand.
The Maisons comprise 175 units which range from 570 sq ft for a one-bedroom apartment to 2,357 sq ft for a two-storey penthouse. The date of completion is expected in June 2016.
In addition to The Maisons, Ms Jennifer Chang, Chief Operating Officer at Top Global said that the company has several residential projects slated for launch in the pipeline, one of which would be another freehold residence in the Bartley area later this year. She added that Top Global differentiates themselves from other developers by being concept-driven and homebuyers could expect more from them.
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Sherry Tang | 9844 4400 | R020241C
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