HO Bee Investment has sold 36 of the 60 units it previewed last Friday at its Trilight condo at Newton Road. The 30-storey freehold development is priced at an average of $1,650 psf.
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| The Newton Road address: Two-bedders cost between $1.82 million and $2.2 million, the three-bedroom units are priced at $3.5-3.65 million and four-bedders at around $4 million each |
The apartments released cost around $2-4 million per unit and Ho Bee did not offer interest absorption scheme, which was scrapped under the Sept 14 measures announced by the government to cool the private residential property market.
Ho Bee executive director Ong Chong Hua described the outcome as ‘reasonable’.
‘We really could not ask for more, (with our preview) coming after the cooling measures,’ he added.
‘We’ve sold 36 units, but there are many others who are interested and checking on their financials,’ Mr Ong said.
‘This is not a normal shoebox apartment development,’ he quipped, referring to the fact that Trilight does not have anything smaller than two-bedroom units, and even these are generously sized at between 1,109 sq ft and 1,227 sq ft.
The flipside of this strategy of having decent-sized units is that the lumpsum price per apartment is sizeable. The cheapest two-bedder at Trilight costs $1.82 million. It is on the development’s fifth floor (the lowest level in the 30-storey condo). Continue reading
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