Tag Archives: Centro Residences

Initial phase of Trevista condo going at $898 psf on average

Posted on 28 Aug 2009 | Comments Off on Initial phase of Trevista condo going at $898 psf on average

NTUC Choice Homes Co-operative is pricing the initial phase of its Trevista condo at Toa Payoh, which previews today, at an average price of $898 per square foot. This is about 20 per cent lower than Far East Organization’s Centro Residences next to Ang Mo Kio Hub, priced at $1,150 psf on average and released last month.

However, as Trevista’s units are generally larger than Centro’s, the price differential in absolute terms may be less.

Far East has sold only about 100 units – an outcome some market watchers see as due to price resistance.

Both projects are on 99-year leasehold.

Trevista is near Braddell MRT Station and within walking distance of shopping and other amenities at HDB Hub and Toa Payoh Central. Centro, a 34-storey project with 329 units, is right next to Ang Mo Kio Hub and opposite Ang Mo Kio MRT Station. Continue reading →

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Posted in Developers, New Launches, Property Market / Real Estate

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Centro will be released over 3 years

Posted on 4 Aug 2009 | Comments Off on Centro will be released over 3 years

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

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