80% of Martin Place Residences units launched sold over weekend

Eighty per cent of the high-end Martin Place Residences condominums launched were sold over the weekend.

A third of the 302 units available have been launched.

The freehold Martin Place Residences is just a few minutes from the heart of Singapore’s prime Orchard Road shopping belt.

Developer Frasers Centrepoint said the units were transacted at between S$1,260 and S$1,700 per square foot.

Six in 10 buyers were from Singapore, while the rest were foreigners from countries like Malaysia and Indonesia.

Frasers Centrepoint attributed the strong response to its pricing.

The initial 28 units that were sold last year were priced between S$1,700 and S$2,000 per square foot.

Source : Channel NewsAsia – 18 May 2009

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