15 out of 40 units at Martin Place Residences sold

High-end private homes have seen renewed interest among buyers recently and the trend looks set to continue.

Developer Frasers Centrepoint said 15 out of 40 units launched on Friday at its Martin Place Residences have been sold.

Frasers said it has lowered prices by about 20 per cent to between S$1,350 and S$1,600 per square foot.

It said the homes sold were a mix of studios, two- to four-room units and penthouses.

Half of the buyers are Singaporeans.

The latest batch of apartments put up for sale are from the second tower of its 302-unit freehold development.

Frasers said to date, 95 per cent of the first tower has been fully sold.

Source : Channel NewsAsia – 29 May 2009

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