New mass market projects launched last weekend received strong interest from home buyers, reported The Straits Times.
The 380-unit Stratum sold 190 of the 250 units released under its initial phase. The 99-year leasehold project by Elitist Development was launched at around S$900 psf.
Roxy-Pacific Holdings’ 121-unit Whitehaven sold close to 70 units at average prices of S$1,470 and S$1,480 psf, said Chief Executive Teo Hong Lim.
Meanwhile, the 336-unit Corals at Keppel Bay sold over 80 of the initial 100 units at its preview. Prices ranged from S$1,800 to S$3,000 psf. Most of the buyers were Singaporeans with one- to three-bedroom units being snapped up.
The report added that the condo development will be launched this weekend. Corals is the third project developed by Keppel Land on its Keppel Bay site, following the 969-unit Caribbean at Keppel Bay and 1,129-unit Reflections project.
Moving forward, more developments will be launched this month, including the 142-unit KAP Residences at King Albert Park – a project by Oxley Holdings, and Roxy-Pacific’s 64-unit Liv on Sophia.
The 12-storey NeWest mixed development on West Coast Drive may also come on to the market soon along with the 118-unit cluster housing project Belgravia Villas in Ang Mo Kio which would likely be priced from S$2.9 million.
Source – PropGuru – 22 May 2013
Posted in New Launches, Property Market / Real Estate
Tagged Belgravia Villas, Corals at Keppel Bay, KAP Residences, Keppel Land, Liv on Sophia, mass market projects, NeWest, Oxley Holdings, Roxy-Pacific Holdings, Singapore Property Market, Singapore Real Estate, Stratum, Whitehaven
To take advantage of the private housing market rebound in March, developers are launching a slew of new projects set to come on to the market this month.
Launches include The Siena, Ferra, Hallmark Residences, The Flow@East Coast, Cluny Park Residence, KAP & KAP Residences, Whitehaven@Pasir Panjang and Midtown & Midtown Residences.
Located at the former GRTH building site at 66 East Coast Road, the Flow@East Coast comprises 56 commercial units including clinics, shops, a food court and restaurant. The freehold commercial site was acquired by Oxley Holdings for S$76.1 million or S$1,298 psf ppr, inclusive of development charges.
Hallmark Residences is located at 21 Ewe Boon Road on the site of the former Nob Hill Condominium and two adjacent bungalows which were purchased by MCL Land for S$95 million or S$1,100 psf.
Over at the former Westvale condominium site in Pasir Panjang, Roxy-Pacific is developing Whitehaven@Pasir Panjang, featuring 120 residential units ranging from one- to four-bedroom units, lofts and penthouses. The developer acquired the site for S$77.5 million or S$883 psf ppr.
Source : GURU – 13 May 2013
Posted in New Launches
Tagged Cluny Park Residence, Ferra, Hallmark Residences, KAP & KAP Residences, Midtown Residences, Pasir Panjang, The Flow@East Coast, The Siena, West Coast Park, Whitehaven, Whitehaven@Pasir Panjang and Midtown