Sales at City Development’s “The Arte” surpassed 80%

City Developments (CDL) said sales at “The Arte” condominium project have surpassed the 80 per cent mark.

The developer said 150 units were snapped up in a Phase 1 launch recently with S$190 million of deals recorded.

Most of those sold went for under S$2 million.

The 336-unit freehold project at Thomson Road has been priced at an average of S$880 per square foot, with units ranging from 1,055 sq ft for a two-bedroom apartment to 4,000 sq ft for a penthouse.

CDL has also offered buyers an interest absorption scheme which allows them to defer the bulk of their purchase till completion.

New private home sales surpassed the 1,000 mark in March, the second month in a row.

Source : Channel NewsAsia – 16 Apr 2009

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