Over 90 percent of the more than 550 units sold so far at Watertown condo in Punggol have been snapped up by Singaporeans, proving that the additional buyer's stamp duty (ABSD) imposed recently has succeeded in cooling foreign buying. According to a Business Times report, this is down from a share of around 80 percent at other suburban condos launched last year, including The Tennery in Bukit Panjang,...
developer sales
It's the second day of the Lunar New Year and while most were out and about visiting friends and relatives, hundreds flocked to the Watertown showflat in Punggol Central. The S$1.6 billion project has attracted brisk sales since the launch on January 20 and, 483 units out of 596 released have been snapped up. Buyers made sure they took time off from visiting relatives and friends to check out the...
More than 160 of the 250 units available for sale at the preview launch of Watertown, Singapore's first integrated waterfront residential and retail development, were snapped up within five hours yesterday evening. Singaporeans accounted for more than 90 per cent of the buyers, said Far East Organization, one of the three developers of the project. The SOHO apartments and suites received the most...
Singapore's first integrated waterfront residential and retail development, Watertown, has been launched in Punggol Central. The project, which costs more than S$1.6 billion, is a joint venture between Far East Organization, Frasers Centrepoint and Japan's Sekisui House. It includes 992 residential units, which will be open for sale within the next two weeks. Prices begin from S$1,080 per sq...
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...
Singapore’s property market has become increasingly cautious, as sales of new homes dropped 15 percent month-on-month in October, according to Savills Research. Due to strong home sales from January to October 2011, about 13,688 new home sales were registered over that period, representing a four percent year-on-year rise. This month, three major projects that could yield over 1,500 new mass-market...
Property developers UOL Group and Singapore Land have witnessed strong take-up at their joint condo development, Archipelago. The consortium sold slightly more than 100 of the 190 units released for preview sales, which began last Friday. With an average price of S$1,000 psf, the five-storey 99-year leasehold project is located within 500 metres from the upcoming Bedok Town Park MRT station. According to...
Nestled within the lush greenery of Bedok reservoir with a 400-meter frontage to the reservoir park, Archipelago is thoughtfully designed to bring the home into the park and park into the home. A trans-urban development that redefines trendy and modern urban living, its cascading balconies and roof terraces bring the outdoors indoor, and the curvilinear roof forms resonate with the nature. With shopping,...
More than half of 583 units at Bedok Residences were sold within seven hours of its launch. Long queues started forming onsite three days ago. Agents resorted to hiring teens to stand in proxy for genuine buyers as the developers decided to operate on a "first-come, first-served" basis. CapitaLand said most buyers rushed in to make their selection without even viewing the showrooms. A unit...
The appointed marketing agent for Bedok Residences, ERA, said as many as 500 people have formed a queue outside Bedok Residences since Sunday. But it said only those above 16 years of age have been queuing overnight, from 11pm to 6am, for the project. ERA said the people in the queue are paid by agents with potential buyers keen on the project. The agents themselves are not able to join the queue as...