Developer Bukit Sembawang Estates will open the doors to its upmarket condominium at St Thomas Walk to the public this weekend.
A private preview of the freehold condo, 8 St Thomas, was held over the past weekend in Singapore and Hong Kong and saw more than 20 units sold at prices averaging over $3,000 per square foot.
Eighty five per cent of sales were for one- and two-bedders, and 70 per cent of sales were from locals and 30 per cent from foreigners. Buyers were evenly split between purchasing for occupation and investment purposes.
“The successful preview of 8 St Thomas has demonstrated that premium freehold quality developments in prime District 9 continue to be much sought after by discerning buyers,” Bukit Sembawang chief executive Ng Chee Seng said in a statement yesterday.
May Tan, head of Residential Projects at CBRE, the appointed marketing agent for 8 St Thomas, said: “Compared to recent market transactions and land bids under the government land sales programme and collective sales transactions in prime districts 9 and 10, 8 St Thomas presents a sound value proposition for both owner-occupiers and investors. With one- and two-bedders priced from S$1.42 million and S$1.78 million respectively, savvy prospective buyers will find 8 St Thomas palatable for a premier freehold project located in a prestigious area.”
Occupying almost 1ha of land, 8 St Thomas offers full condominium facilities and accommodates 250 units comprising one- to four- bedroom units, four-bedroom dual-key units and penthouses.
Floor area of the units ranges from 441 sq ft to 2,659 sq ft. Each 35-storey tower offers views of the city skyline from private balconies.