Tag Archives: Trizon

Sales quieten down at Trevista, Trizon

Posted on 8 Sep 2009 | Comments Off on Sales quieten down at Trevista, Trizon

But developers gear up for new launches, such as Hundred Trees and Cyan

BUSINESS visibly quietened down at showflats last week but developers are already revving up for new launches and releases of new phases of existing projects after Hungry Ghosts Month ends on Sept 18.

However, some market watchers reckon developers may be more careful not to price their projects too aggressively following National Development Minister Mah Bow Tan’s second statement in five weeks that the government is monitoring the property market very closely and will take ‘certain actions’ if necessary.

City Developments is expected to preview Hundred Trees condo on the former Hong Leong Gardens site in the West Coast area in the last weekend of September. Earlier market talk was that the 396-unit project will have an average price of about $930-$980 per square foot (psf). However, some quarters suggest the project will be ‘priced competitively’. The 12-storey development has a 956-year-leasehold tenure. The Hundred Trees condo will be decked with Mempat trees, often dubbed the local version of Japan’s sakura or cherry blossoms.

At Keng Chin Road in the Bukit Timah area, Far East Organization is expected to preview in a few weeks a 278-unit freehold condo named Cyan. Continue reading →

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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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