New launches draw out buyers

All units at the Robinson Suites, except for the five penthouses, are said to have been sold over a three-day period last week.

Three shop units on the ground floor of the 167-unit, 42-storey project have also found buyers.

According to The Business Times, the three shops and 132 residential units were released on Thursday, all of which were sold by Saturday except for the five penthouses.

The remaining 35 apartments on the lower floors have been snapped up by a fund.

The apartments in the development, which are either one-bedroom-plus-study units or two-bedders, with unit sizes starting at 484 sq ft, have been sold at an average price ranging between $2,600 psf and $3,300 psf.

In terms of total quantum, prices ranged from $1.2 million for a one-bedroom-plus-study unit to $1.5 million for a two-bedder.

Analysts said the strong sales seen at Robinson Suites may encourage City Developments to redevelop the nearby City House office block into apartments.

Over at Farrer Road, CapitaLand and its partners sold another 153 units last week at the 36-storey d’Leedon on the former Farrer Court site. This brings the total sales to 205 apartments, including the 52 units sold in the previous weekend.

To date, Singaporeans have snapped up 80 percent of the units sold.

The developers have released 250 of the 1,703 apartments in the 99-year leasehold project, and have yet to release six pairs of strata semi-detached houses in the project.

The 250 apartment units released for sale have been priced at an average of $1,680 psf. A 635 sq ft one bedroom- plus-study apartment is priced at around $1.1 million, while a 1,055 sq ft two-bedder costs about $1.5 million.

The condo also offers three- and four-bedroom apartments as well as penthouses.

Meanwhile, in the executive condominium (EC) market, 823 applications had been received as at 5 pm yesterday for the 680 units available at Prive, a 99-year leasehold project at Punggol Road. Applications opened on Dec 3 and will close today.

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