Developer Keppel Land sold around 70 units of The Lakefront Residences over the weekend, bringing total sales since Friday’s preview to 320 units.
The 320 units, which represent 80 per cent of 400 units currently up for sale, were sold at an average price of $1,020 psf.
The average price is a new record for the location. The project is next to Lakeside MRT station and near Jurong Lake, with unit sizes starting from 484 sq ft for a one-bedder to about 3,000 sq ft for a penthouse.
The project includes 69 one-bedders, 158 two-bedders, 255 three-bedders, and 98 three-plus-study units, 32 four-bedroom apartments and 17 penthouses.
By comparison, units at Caspian, a neighbouring residential project, have been selling mostly at $700-800 psf in the subsale market since August.