Hundreds of people turned up at the soft launch of a new condominium project in Woodleigh on Saturday morning.
Before noon, 140 of the 180 units at the 8@Woodleigh project were snapped up.
The developer – Frasers Centrepoint Homes – said prices were transacting at an average of S$890,000 for a 3-bedroom unit, or about S$770 per square foot.
One-bedroom units were sold at an average price of S$400,000, 2-bedroom units at S$690,000 and 4-bedroom units at S$1.1 million.
3-bedroom units make up 41% of the development, which consists of five blocks of 15-storey apartments.
The 99-year leasehold project is expected to have its TOP (Temporary Occupation Permit) in August 2013.
70% of the buyers are upgraders from public housing.
The developer said it will put on sale another 150 units at Woodleigh next weekend.
It also plans to launch a similar suburban project at Bedok Reservoir in July.
Source : Channel NewsAsia – 20 Jun 2009