Far East Organisation sees strong sales for Mi Casa project

Developer Far East Organisation said its new private residential project Mi Casa at Choa Chu Kang has seen brisk sales during a preview over the weekend.

Far East said 97 of the 123 units released were snapped up even before the development was officially launched.

Mi Casa – Spanish for “My Home” – comprises a total of 457 units at an average price of S$625 per square foot.

Far East Organisation said 80 per cent of Mi Casa buyers are those upgrading from public housing flats.

About 9 per cent of the buyers are Chinese nationals and permanent residents, with another 3 per cent from Malaysia.

The units that were sold include 2- and 3-bedroom apartments, as well as those that come with an extra study room.

The developer said there are also 4-bedroom units which have yet to be launched.

Mi Casa will be officially launched on April 10. Far East Organisation said buyers will enjoy an early bird discount from now till the official launch date.

Source : Channel NewsAsia – 30 Mar 2009

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