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Discounted Penthouses for sale

Posted on 3 Jul 2013 | Comments Off

Amid another round of cooling measures, Singaporean developers are luring buyers with discounts on their completed penthouse units. Savills Singapore reported that City Developments Limited has offered five percent discount on some of its completed penthouses including units at Shelford Suites, a 77 unit exclusive freehold condominium development on Shelford Road;

Wilkie Studio, a contemporary freehold development in the popular District 9; and The Glyndebourne, a 150 unit freehold condominium development on Trevose Crescent. Prices start at S$2.9 million (US$2.3 million) after discount.

Meanwhile, Hiap Hoe is offering 28 percent discount for four penthouses at Skyline 360, translating to S$9 million to S$12.3 million (US$7.1 million to US$9.7 million). The freehold condominium project is conveniently located close to Somerset MRT station and the Orchard shopping belt. The units are serviced by private lifts and fitted with high quality materials including marble and timber floors, and full height, sliding window and door panels. The development offer expansive views over Orchard Road and Marina Bay.

25 percent discount is also offered by Hiap Hoe’s Signature at Lewis which comprise two- to four-bedroom penthouses. Prices are estimated at S$1,500 (US$1,184) per square feet, or between S$4.6 million to S$5.2 million (US$3.6 million to US$4.1 million).

Source – PropertyReport – 3 Jul 2013

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Posted in New Launches

Tagged CDL, City Developments Limited, Hiap Hoe, Shelford Road; Wilkie Studio, Shelford Suites, Signature at Lewis, Skyline 360, The Glyndebourne

Weekend launches draw big crowds

Posted on 2 Jul 2013 | Comments Off

New private residential projects launched over the weekend received healthy interest from potential buyers, according to media reports.

J Gateway in Jurong which is being developed by MCL Land received 1,400 blank cheques as of Saturday, while 1,500 people showed up for the balloting. Overall, 736 of the 738 available condo units were snapped up.

Koh Teck Chuan, Chief Executive Officer of MCL Land, said most buyers had local addresses around Jurong. They were especially drawn to the project due to its proximity to Jurong East MRT station and new amenities planned within the area.

On average, units were going for S$1,480 psf, Koh said. One-bedroom units were selling for about S$1,778 psf which was higher than the expected S$1,650 psf, while four-bedders were priced at S$1,400 psf.

While the psf prices were slightly high, they were worth it due to expected strong rental demand from expats, said buyer Shirlyn Ng.

MCC Land has also relaunched its Forestville EC after it was briefly halted due to unapproved development changes. The first day of sales for the Woodlands project ended with 210 of the 653 units sold as of 5pm.

Meanwhile, Hong Leong Holdings has unveiled One Balmoral in District 10. With prices starting at S$1.5 million, the 91-unit freehold project offers one- to four-bedroom unit types at between 592 to 1,657 sq ft.