Saturday, April 6, 2013

Brisk sales at new Serangoon condo


The Straits Times  |  06 Apr 2013 11:40 PM
Freehold project marketed at $1,416 psf after discount

Roxy-Pacific Holdings began sales at its Jade Residences condo in the Lorong Lew Lian area yesterday, and had moved close to 60 units by 6pm.

Located about 400 metres from Serangoon MRT Station, the five-storey freehold development will have 171 apartments and two shop units. As of yesterday, the group had released 80 apartments and the average price after discounts (inclusive of a 3 per cent early bird discount) works out to $1,416 per square foot (psf), Roxy-Pacific executive chairman Teo Hong Lim told The Business Times.

Jade Residences comprises two, three- and four-bedroom units as well as penthouses.

All ground-floor units have high ceilings (up to 4.8 metres) and come with a jacuzzi and a furniture deck, which provides a raised platform that can accommodate a mattress or be used as a study.

Absolute prices of units in the development range from around $845,000 for a 527 sq ft two-bedroom apartment to $2.65 million for a 1,927 sq ft-duplex, four-bedroom penthouse which comes with a roof terrace, attic and private pool.

Pricing for the two shop units of 215 sq ft each has yet to be finalised but they will cost below $1 million each, said Mr Teo.

So far, the project has attracted mostly "local buyers, predominantly first-timers and second-timers", said Mr Teo. "Previously we used to see those investing in their third or subsequent property, but following the latest January 2013 cooling measures the incidence of such buyers is much lower."

Among other things, the latest cooling package raised the additional buyer's stamp duty (ABSD) rates and introduced ABSD on Singaporeans buying their second residential property and permanent residents buying their first property. Loan-to-value limits for those with one or more outstanding residential mortgages and seeking subsequent home loans have also been lowered.

Roxy-Pacific hopes to release later this month its 121-unit condo along Pasir Panjang Road. Named Whitehaven, this development is also a five-storey freehold project and likely to be priced around $1,400 psf on average, said Mr Teo. This is likely to be followed by the launch next month of the group's residential development at Adis Road, on the former Sophia Mansions site.


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


4 comments:

  1. Thanks a lot you have given this stuff to me you can’t even imagine that how important it is for me. serangoon bay kingsford

    ReplyDelete
    Replies
    1. $$$ GENUINE LOAN WITH LOW INTEREST RATE APPLY $$$
      Do you need finance to start up your own business or expand your business, Do you need funds to pay off your debt? We give out loan to interested individuals and company's who are seeking loan with good faith. Are you seriously in need of an urgent loan contact us.

      Email: shadiraaliuloancompany1@gmail.com

      Delete
  2. Hello Everybody,
    My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.

    BORROWERS APPLICATION DETAILS


    1. Name Of Applicant in Full:……..
    2. Telephone Numbers:……….
    3. Address and Location:…….
    4. Amount in request………..
    5. Repayment Period:………..
    6. Purpose Of Loan………….
    7. country…………………
    8. phone…………………..
    9. occupation………………
    10.age/sex…………………
    11.Monthly Income…………..
    12.Email……………..

    Regards.
    Managements
    Email Kindly Contact: urgentloan22@gmail.com

    ReplyDelete
  3. $$$ GENUINE LOAN WITH LOW INTEREST RATE APPLY $$$
    Do you need finance to start up your own business or expand your business, Do you need funds to pay off your debt? We give out loan to interested individuals and company's who are seeking loan with good faith. Are you seriously in need of an urgent loan contact us.

    Email: shadiraaliuloancompany1@gmail.com

    ReplyDelete