New launches see good take-up rates

Property developers have continued to see good take-up at their residential projects over the past week.

CapitaLand sold 48 units at d’Leedon, located at the former Farrer Court site, at an average price of $1,680 psf. The developer previewed the project to only former Farrer Court owners, with the show gallery drawing 266 people.

Units sold were one-plus-study units, two-bedders and three bedders. Former residents were able to select from 200 units of different sizes across all floors in two towers.

The 99-year leasehold project will offer 1,703 apartments spread over seven towers, as well as 12 semi-detached homes.

“We are very happy with the sales response,” said Wong Heang Fine, chief executive of CapitaLand Residential Singapore. “We expect more response from owners who could not make it for this preview.”

Meanwhile, UOL Group has sold 252 units out of the 320 units launched at Spottiswoode Residences, with selling prices ranging from $1,720 psf to $2,270 psf.

The freehold development near Tanjong Pagar has seen brisk sales. It sold 130 units during its three-day preview, with the highest price at $2,150 psf.

Over at Tampines, developer Sim Lian Group has sold a total of 375 units at Waterview, with an average price of $838 psf. To date, it has launched 500 units in the 99-year leasehold project.

Source : PropertyGuru – 29 Nov 2010