Monday, September 16, 2013

CapitaLand to cut prices at new condo

Sep 16, 2013 -

In a bid to keep pricing affordable, CapitaLand's latest condominium project in Bishan will be priced lower than its nearby Sky Habitat, media reports said.

Although the showflat for the yet-to-be-named project with 694 units opened on Saturday, sales bookings will only start a few weeks later. Units in the first phase are expected to be priced from S$1,380 psf to S$1,550 psf.

The developer declined to reveal the number or type of units to be released, or their average psf price, explaining that such details will be revealed closer to the date of bookings.

“But we intend to price the new development competitively,” it said.

In April last year, Sky Habitat sold 131 units at an average price of S$1,583 psf, based on data from the Urban Redevelopment Authority (URA). Sales at the 99-year leasehold condo began during that month.

To date, around 172 homes in the 509-unit Sky Habitat have been sold at S$1,589 psf on average.

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

Senior Sales Director
DTZ Property Network Pte Ltd (L3007960A)

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