Private home sales still going strong

Brisk sales by developers for private homes continued last week. In the CBD, United Industrial Corporation (UIC) is said to have moved close to 50 units at its V on Shenton project, taking total sales in the project to over 140 units.

The 54-storey tower was launched on 20 July with 190 out of its 510 units released. Apartments at the 99-year leasehold project are being sold at an average price of S$2,200 psf.

Singaporeans are believed to have dominated sales with other buyers coming from China, Indonesia and India, according to The Business Times.

At the same time, Parc Centros by Wee Hur Holdings reportedly attracted another 100 buyers last week taking total sales to 480 units thus far.

Going at an average price of S$950 psf, the 99-year leasehold project has attracted mainly Singaporean buyers.

According to analysts, brisk sales at Parc Centros could be attributed to the popularity of Punggol and proximity to the MRT station and future Waterway Point mall.

In addition, its average pricing is seen as more attractive than Watertown condo which was unveiled in January at a median price of S$1,169 psf.

Meanwhile, Koh Brothers’ Parc Olympia at Flora Drive reportedly sold some 20-plus units last week boosting sales to over 200 homes. The 99-year leasehold condo was launched on 12 July and released 358 of the total 486 units.

Moreover, a freehold project called The Line@Tanjong Rhu is said to have sold around 15 units last week. Developed by Lakeview Investments, homes at the 107-unit development are being sold at an average price of S$2,100 psf.

Source : PropertyGuru – 31 Jul 2012

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