Tag Archives: Far East Organization

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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No more ‘future MRT stations’ in condo ads

Posted on 13 Aug 2009 | Comments Off on No more ‘future MRT stations’ in condo ads

TWO developers which included unconfirmed locations of future MRT stations in their condo advertisements have stopped using the information as a selling point.

UOL Developments has altered publicity material for its Meadows@Peirce, removing a location map that showed several MRT stations on the planned Thomson Line, which will be ready only in 2018.

Far East Organization has removed the supposed site of a future station in Marine Parade from a webpage on the Silversea condo.

The moves came after The Straits Times ran an article over the weekend on developers using unconfirmed MRT information in their sales materials.

Ms Claire Cher, spokesman for UOL Group, parent of UOL Developments, said the company realised that station sites in its Meadows@Peirce Continue reading →

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Posted in Developers, New Launches

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