Tag Archives: Elitist Development

Corals at Keppel Bay launches preview sales

Corals at Keppel Bay

The first 100 units released for sale at Corals at Keppel Bay will likely be sold from S$1,800 psf to S$3,000 psf, reported The Business Times.

Offered on a 99-year lease, the condominium development comprises 336 units in 11 four and 10-storey blocks.

The first batch of apartments will be previewed today and prices range from S$1.31 million for a one-bedroom unit up to S$10.7 million for a four-bedder deluxe home. Eight expansive penthouses with sizes of up to 7,800 sq ft are also available.

Meanwhile, Elitist Development has started sales at Stratum in Pasir Ris, with average prices at S$900 psf. Around 170 of the total 380 units have been launched.

The low-rise 14-block condo offers studios, one- to five-bedders and penthouses, as well as four-bedroom dual-key units. Sizes range from 432 sq ft to as large as 2,446 sq ft for a five-bedroom duplex penthouse.

Following last month’s lacklustre private home sales, analysts predict May’s figures to hover below 2,000 units as most of the scheduled launches are rather small.

Source : PropGuru – 18 May 2013

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Condo launching in Pasir Ris, price likely at S$900 psf

Stratum, a near residential development along Elias Road in Pasir Ris will be launched this Saturday (18 May).

Offering a resort-style concept, the 380-unit project comprises apartments ranging from studios to five-bedroom units and penthouses. Dual-key homes will also be available.

Developed by Elitist Development, the condominium will also come with full facilities including two large swimming pools, a gymnasium, tennis court and floating cabanas.

According to marketing agent HSR International Realtors, Phase 1 will likely be offered at an average psf price of S$900.

Alan Tan, Head of Local Projects at HSR, noted: “As Government Land Sales (GLS) bids for city fringe residential land parcels crossed S$1,100 psf ppr (the most recent being at Kim Tian Road, was priced at S$1,162 per plot ratio), it is inevitable that the prices of future residential projects would be launched at even higher price points in line with an overall increase in property prices. Pasir Ris’ private housing is affordable now, but not for long.”

Responding, Elaine Chow, Research Head at HSR, said: “We have conservatively assumed (in tandem with an economic outlook) that there will be a two percent to five percent increase in prices on a year-on-year basis. But even with this estimate, the median price for new private residential projects in Pasir Ris will certainly breach the S$1,000 psf by end-2013, if not earlier.”

Source – PropGuru – 16 May 2013