More than 70 per cent of the 182 apartments released for sale at Vista Residences have been sold within a week of its launch.
The 280-unit development in Balestier offers one-bedroom units and penthouses ranging from 617 square feet to 2,575 square feet.
Prices started at S$960 per square foot and the average selling price was S$1,070 per square foot.
The 130 apartments taken up were mostly bought by Singaporeans, with three in four buyers locals.
Developer Far East Organization said about half of the buyers were HDB upgraders.
Despite the encouraging sales, Far East said there are no immediate plans to release the remaining apartments on the 24th to 36th floors.
However, it will launch another property, Silversea, this weekend. Silversea is located at Amber Road, one of the last available plots in East Coast. It is a few minutes’ drive from New Downtown at Marina Bay and Changi Airport.
The 21-storey high development promises a good view of the central business district and the South China Sea.
The 383-unit development will offer two-bedroom units and four-bedroom penthouse units ranging from 968 square feet to 4,962 square feet, with prices starting from S$1,300 per square foot.
Source : Channel NewsAsia – 8 Jul 2009