Healthy interest for The Whitley Residences, The Village

The Whitley Residences by Hoi Hup Realty sold 19 freehold cluster homes at around S$5 million each during a preview last Sunday. This translates to an average price of about S$850 psf, taking into account the 12 percent discount and absorption of the three percent buyer’s stamp duty, reported The Business Times.

According to a spokeswoman for the developer, all the buyers were Singaporeans. Non-Singapore citizens require permission from the Land Dealings (Approval) Unit to be able to acquire cluster homes, as they are a type of landed housing.

The units sold comprise 18 semi-detached homes and a corner terrace house. The semi-Ds were priced from S$4.9 million to S$5.12 million, while the 6,620 sq ft corner terrace fetched S$4.85 million.

The cluster homes will share condo-like facilities, including a clubhouse, gym, pool, hot spa and playground.

The project is located in District 11 near the upcoming Mount Pleasant MRT station on the Thomson Line and will comprise 61 units across four levels. Notably, each home will have five bedrooms, an attic, basement and its own lift.

Unit types include three terrace homes and 58 semi-Ds ranging in size from 5,156 to 7,190 sq ft. Remaining residences include a 6,448 sq ft corner unit priced at S$4.8 million and a 4,801 sq ft intermediate terrace costing S$4.3 million.

Meanwhile, Selangor Dredging has unveiled Village at Pasir Panjang. The developer reportedly found buyers for more than 40 of the 80 units released so far at the 148-unit condo development.

The average price of standard units is said to be around S$1,650 psf. The five-storey project features two- to four-bedroom apartments and penthouses.

Source : PropertyGuru – 11 Dec 2012

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