UOL to release 100 units of Spottiswoode project for preview

Property developer UOL Group said it will release 100 units of its Spottiswoode Residences project for preview on Friday.

UOL expects the units to fetch about S$1.05 million for a one-bedroom apartment to S$2.67 million for a three-bedroom unit.

The developer added that sizes for typical one-bedroom to three-bedroom apartments vary from about 600 square feet to 1,400 square feet.

This works out to a price of about S$1,700 to S$2,100 per square foot.

Meanwhile, UOL also said that it might retain some units for later sale due to a potential upside.

The upside may stem from plans to turn Tanjong Pagar into a waterfront neighbourhood when the lease for the nearby port expires.

The 351-unit condominium at Spottiswoode Park Road, comprising a single-storey block, is expected to be ready by May 2014.

Source : Channel NewsAsia – 11 Nov 2010

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