Saturday, April 20, 2013

Two new residential launches

The Straits Times  |  April 13, 2013

Home buyers have at least another two new residential launches to choose from this month as developers continue making the most of the positive buying sentiment in the market.

The first is a 999-year leasehold project, RiverBay at Mar Thoma Road in District 12, by a subsidiary of Allgreen Properties. The project will be open for preview sales next Thursday.

Prices of three-bedroom units are expected to range from $1,200 per sq ft (psf) to $1,300 psf. This means that a three-bedroom unit of 925 sq ft will start from $1.1 million while one-bedroom apartments will start from $505,000.

These prices include a 15 per cent discount in the light of the recent hikes in the additional buyer's stamp duty as part of the seventh round of cooling measures unveiled in January, the developer said in a statement yesterday.

The project, on a 3,837 sq m site, offers a range of apartments from compact one-bedroom units at 387 sq ft and two- and three-bedroom units between 645 sq ft and 957 sq ft. Penthouses of up to 2,185 sq ft are also available.

All units come without balconies, meaning the entire floor space of a given unit is fully functional, Allgreen noted.

Santarli Corp's 214-unit Sant Ritz near Potong Pasir MRT station is being officially launched this weekend although sales to business associates started yesterday.

Industry sources say indicative prices range from $1,400 psf to $1,500 psf with a 527 sq ft one-plus-study unit expected to be marketed at between $800,000 and $870,000.

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

Senior Sales Director
DTZ Property Network Pte Ltd (L3007960A)

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