Daily Archives: 4 Aug 2009

Centro will be released over 3 years

Posted on 4 Aug 2009 | Comments Off

With the residential market picking up strongly, Far East Organization yesterday said it had decided to launch Centro Residences in Ang Mo Kio in phases over the next three years.

The reason, it said, was the Government’s plan to rejuvenate Ang Mo Kio into a vibrant town. “We see vast potential for the enhancement of real estate values in this area,” Far East said in a statement.

So far, it has sold about 65 per cent – or 93 of the 144 units launched – of phase one since a preview last week.

Source : Today – 4 Aug 2009

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Posted in HDB, New Launches

Tagged Centro Residences, Far East Organization

Property launches here see sustained interest

Posted on 4 Aug 2009 | Comments Off

Property launches again attracted strong interest at the weekend – days after the government warned buyers against over-committing themselves.

‘Our ground checks last weekend revealed that buyers continued to throng showflats,’ DMG & Partners Securities analyst Brandon Lee said in a note yesterday.

TID – a joint venture between Hong Leong Group and Japan-listed developer Mitsui Fudosan – has sold all 297 units at Optima@Tanah Merah since the public preview began on Thursday last week. Buyers include HDB flat owners and private property owners, who took up the units at an average price of about $810 per sq ft. Continue reading →