With the residential market picking up strongly, Far East Organization yesterday said it had decided to launch Centro Residences in Ang Mo Kio in phases over the next three years.
The reason, it said, was the Government’s plan to rejuvenate Ang Mo Kio into a vibrant town. “We see vast potential for the enhancement of real estate values in this area,” Far East said in a statement.
So far, it has sold about 65 per cent – or 93 of the 144 units launched – of phase one since a preview last week.
Source : Today – 4 Aug 2009