Tag Archives: Hundred Trees Singapore

Hundred Trees sells another 116 units

Posted on 29 Sep 2009 | Comments Off on Hundred Trees sells another 116 units

Almost 80 per cent of the units in Hundred Trees have been snapped up ahead of the condo’s formal launch this weekened

WEEKEND buyers again flocked to one of the most popular recent mass market condominium launches, though the frenzied pace of selling of late last week appeared to have slowed slightly.

City Developments (CDL) said it had sold another 116 units at the weekend preview of its latest condo project Hundred Trees, bringing total sales to 316 units.

That is nearly 80 per cent of the development, or more than 90 per cent of the 350 launched units. The condo, which sits on the 267,598 sq ft former Hong Leong Garden condo site in West Coast Drive, has 396 units.

The average price achieved is about $910 per sq ft (psf), up from the initial price of $895 psf for the first 151 units sold, the developer said yesterday.

There was a ’slight adjustment of 1 to 2 per cent increase in price’ for the subsequent phases, it said. Continue reading →

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

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CDL sells over 200 units at Hundred Trees

Posted on 27 Sep 2009 | Comments Off on CDL sells over 200 units at Hundred Trees

SALES at City Developments Ltd’s (CDL) Hundred Trees condo in the West Coast area crossed the 200-unit mark by 6pm yesterday.

MORE TO COME
The developer will release more units to cater to the ‘overwhelming response’ to the West Coast project

As at that time, CDL had released 280 of the total 396 units in the 956-year leasehold condo, the developer said in a release yesterday evening.

Earlier yesterday afternoon, CDL said that it had released a selected number of units for soft launch at an average price of $895 per square foot (psf).

However, BT understands that the above pricing was for the initial batch of about 150 units released on Thursday for a preview to former owners of Hong Leong Garden Condominium (from whom CDL bought the site for the project), CDL staff and a few special guests.

A further 130 units released yesterday were probably priced slightly higher, market watchers reckoned.

CDL is also offering interest absorption scheme (IAS) in exchange for a 2.5 per cent price premium. CDL did not provide a breakdown on how many buyers picked up their units on IAS.

Although IAS was scrapped on Sept 14, a developer can still offer the scheme if before that date, it had entered into an agreement on this with a partner bank and had already offered units in the development for sale under IAS before Sept 14.

BT understands that Hundred Trees’ 200-unit sales figure as at 6pm yesterday includes nearly 40 units sold on Thursday. All 22 one-bedroom units have been sold and the two-bedders are substantially sold too. Continue reading →

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