During a VIP preview event held on April 23, 122 units of the 305-unit Sturdee Residences were sold at an average price of S$1,550 per square foot.Of the buyers, about 20 per cent are foreigners and permanent residents.
In terms of units sold, 80 per cent were one- and two-bedroom units. A total of three penthouses were sold; two of these are the largest formats (1,830 sq ft) and were priced at S$3.2 million each.
The official launch of the project is on April 30.
Located on Sturdee Road, the 99-year leasehold project comprises one to five-bedroom units across two 30-storey residential towers.
It is within close walking distance to the Farrer Park MRT Station and the upcoming Bendemeer MRT Station.
Units in the project comprise 75 one-bedroom units (420 sq ft); 71 two-bedroom units (570 to 657 sq ft); 26 units of 2+1 configuration (721 sq ft); 99 three-bedroom units (829 sq ft to 1,044 sq ft); 26 four-bedroom units (1,302 sq ft); and eight units of five-bedroom single storey penthouses (1,399 sq ft to 1,830 sq ft).
“We are elated by the encouraging response from buyers, particularly in this weakened market. The strong sales reaffirm the popularity of city-fringe projects that are well designed as well as with proximity to an MRT station and an extensive network of other amenities,” said Douglas Ong, director of Sustained Land Pte Ltd.
Sturdee Residences is expected to obtain its temporary occupation permit in June 2020.