SingXpress Land sells 80% of Charlton Residences

Singapore-listed SingXpress Land said on Monday it has sold about 80 per cent of luxury freehold development Charlton Residences at an average price of S$2.8 million per unit as of Sunday.

The 21-unit three-storey cluster development, located in Kovan district, is expected to obtain its Temporary Occupation Permit in 2014.

The three-storey landed designer homes range from 5,350 to 7,696 square feet, each with six bedrooms, two car park lots, and a private deck with a Jacuzzi pool. Selected units are fitted with elevators for the convenience of the elderly.

SingXpress Land owns 80 per cent of Charlton Residences Pte Ltd, the joint venture company that is developing and selling Charlton Residences, with the balance owned by ACT Holdings.

Source : Today – 13 Dec 2011

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