Vacanza @ East selling well

Sunway and Hoi Hup Realty sold 90 units at the Vacanza @ East condominium project by end Tuesday. The project was previewed to potential homebuyers who had expressed interest with marketing agents Huttons and DTZ.

Buyers were mainly Singaporeans, with two- and three-bedroom units being the most popular, said Wong Sjew Hung, director of Hoi Hup Realty.

“The majority of buyers are Singaporeans looking for a home for their own occupation or as long-term investment. This is a freehold project in a quiet estate amidst a landed housing enclave,” said Ms. Wong.

The average price for the 473-unit project is approximately $1,090 psf. In absolute price terms, units sold range from about $550,000 for a 484 sq ft one-bedder to more or less $2 million for a three-bedder penthouse of more than 1,900 sq ft.

The 12-storey freehold project comprises one- to four-bedroom units and penthouses. It also features a clubhouse, tennis court, lap pool, fitness station, gymnasium and lawn.

The condo is being developed on a 207,000 sq ft site, which developers purchased in October 2009 for $158 million or approximately $445 psf of potential gross floor area.

The residential site, sold by Lee Tat Development, has a 2.1 plot ratio and 12-storey maximum height under Master Plan 2008.

Source : PropertyGuru –  29 Sep 2010

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