Slew of new projects launching this week

Four property projects, Belysa Executive Condo, Interweave, Foresque Residences and Foresta, are set to launch this week.

Hoi Hup’s Foresta, a five-storey 141-unit residential development at Mount Faber, will be launched on 11 May.

The project, which is located in the “highly sought after” District 04 Vivo City Area, has strong rental demand and high potential for resale, according to Huttons Real Estate Group, which is marketing the property.

The average selling price starts from S$1,800 psf for a one-bedroom unit of approximately 431 sq ft. The project is located near several amenities such as Vivo City, Harbourfront Shopping Mall, Sentosa Integrated Resort and Universal Studio, as well as Biopolis, Fusionpolis, One-North, Orchard, Marina Integrated Resort and the Central Business District (CBD).

Meanwhile, Foresque Residences at Petir, which was previewed on 23 and 24 April, is set for official launch on 12 May, with prices starting from S$1173 psf for a one-bedroom unit of around 463 sq ft.

Foresque Residences comprises 502 housing units and is a tranquil retreat from the busy city. It provides easy access to major expressways, especially the upcoming Cashew MRT station, which is expected to begin operations in 2015.

BS Tanjong Katong’s Interweave at Kim Keat and Belysa Executive Condo at Pasir Ris are also set for launch on 13 May.

The 162-unit Interweave project holds promising potential for rental and capital appreciation, according to some market experts. It is an affordable quantum project with prices starting from S$500,000 and is strategically located near several amenities like the Singapore Medical Hub, Novena Shopping Mall, Whampoa Food Centre and Market, Orchard Shopping Belt, Curtin University Singapore and the upcoming Zhong San Park Shopping and Hotel.

Belysa Executive Condo, on the other hand, which was jointly developed by NTUC ChoiceHomes & CEL Development, is a 315-unit executive condo (EC) at District 18. It is the first EC to achieve the Green Mark Platinum Award, with prices for a one-bedroom unit of approximately 965 sq ft starting from S$756.48 psf.

Source : PropertyGuru – 10 May 2011

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