CITY Developments Ltd (CDL) is said to have begun selling the first phase of the 956-year leasehold Hundred Trees condo in the West Coast area at an average price of $895 per square foot.
Buyers can opt for an interest absorption scheme (IAS) – but they’ll have to pay 2.5 per cent more.
About 150 of the project’s total 396 units are believed to have been released under the first phase.
Sales to former owners of the Hong Leong Garden Condominium – from whom CDL bought the site through a collective sale in 2007 – began yesterday. CDL staff as well as special guests were also invited to purchase units at Hundred Trees yesterday.
The preview for other buyers who had pre-registered interest in the development begins today.
BT understands that one and two-bedroom apartments, and two bedroom-plus-study units make up around 40 per cent of total units in the 12-storey condo.
Prices of one-bedders, which are about 485 square feet, begin from over $500,000. Two bedders range from 690 to 786 sq ft while two-plus-study units are between 915 and 1,227 sq ft. Continue reading
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