Nine units at Hijauan on Cavenagh have been sold over the past two weeks, at an average price of between S$2,200 psf and S$2,500 psf, said its developer Selangor Dredging Berhad (SDB).
According to a Business Times report, eight units were sold to Malaysian buyers while the other unit was bought by a Singaporean.
Listed on Bursa Malaysia, SDB is developing the project on the former Cavenagh Mansions site in District 9. It acquired the site for S$42.4 million in July last year in an en bloc sale.
“Hijauan on Cavenagh is all about living up to its name, which means ‘greenery’ in the Malay language,” it said. The project is situated in a “coveted green lung” on a scenic, tree-lined passageway beside the Istana.
The company made its first venture into the Singapore property market in 2008, when it launched a luxury residential project on Wilkie Road. This was followed by the launch of the 104-unit Okio Residences in Balestier earlier this year, which had seen around 88 SoHo units sold as of end-August.
Meanwhile, Sim Lian Group’s A Treasure Trove in Punggol continued to see strong sales over the weekend. The developer released the remaining 92 units in the 882-unit private condo on 1 October, with the average price slightly higher than the S$866 psf price when the project was first previewed.
Source : PropertyGuru – 5 Oct 2011