UOL Group reports strong sales at Spottiswoode Residences condo

UOL Group said its latest Spottiswoode Residences project has seen strong preview sales.

About 87 per cent or 130 units of the total 150 released for sale since November 12 have been snapped up.

UOL says it will be releasing another 80 units for sale at Spottiswoode Residences’ main launch on Wednesday, November 17.

The property group added that 86 per cent of the buyers were Singaporeans with most buying the higher-priced units that command sea views.

Dolly Lian, UOL Group’s general manager of marketing said, “We believe buyers are excited about the potential transformation of the area into another waterfront city comparable to Marina Bay and an extended CBD area offering new lifestyle and workplace options.”

Located near Outram MRT station, the 351-unit condominium at Spottiswoode Park Road saw units sold at prices ranging between $1,720 and $2,150 per square foot.

The group said four of the seven exclusive penthouses were sold, with one fetching $1,850 psf.

Spottiswoode Residences comprises a 36-storey block with mostly one and two-bedroom apartments, as well as three-bedroom units and penthouses.

Most of the one-bedroom to three-bedroom units have sizes varying from 603 square feet to 1,421 square feet.

Source : Channel NewsAsia – 16 Nov 2010

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