New Launches | Lush Dream Home

Developers of Optima@Tanah Merah have brought forward the launch of the condominium, which was to have taken place on Friday.

However, queues formed as early as 4pm on Thursday, prompting the developers to start selling the units.

120 units were sold yesterday with another 150 units to be balloted on Friday.

The 99 year leasehold development has 297 units.

The condo’s developers said they feel that genuine buyers will have a higher chance of getting the units through balloting, as some people have been seen selling their queue numbers.

The first 120 units were sold at about S$790 per square foot. Continue reading →

A late night property ballot … is this a sign of the times?

Posted on 31 Jul 2009 | Comments Off

The showflat was only due to open today.

But on Monday, some, mostly property agents, were already lining up for units at the Optima condominium at Tanah Merah. They went home after developer TID made it clear the queue would not be recognised.

However, this did not stop hundreds from turning up early yesterday – leading to a massive queue and the occasional ugly spat over queue-jumping. The result? TID decided, at about 8pm, to open the showflat doors and, unusually, kick off open balloting.

The process began after 11pm last night and carried on well into the wee hours of the morning. Successful applicants paid the 5-per-cent deposit on the spot. Continue reading →