April new property sales update and new launches

By The Folks @PropTalk - April 21, 2010 No Comments

The BT yesterday reported that developers plan to launch more residential projects this weekend, despite home sales slowing in April after a strong showing in March.

A total of 1761 new private homes were sold in March – a 47% month-on-month increase. But sales have come off this month, although there have been exceptions.

UOL Group said that it sold more than 130 units in its 616-unit Waterbank at Dakota condominium from Friday to Sunday. This takes the number of apartments sold there to more than 500. Apartments went for $1000 - $1300psf. UOL said that it will release more units this weekend.

Would-be buyers can also look forward to two projects that will be launched for the first time this weekend – City Developments’ Tree House and The Holland Collection from Lippo Group and CLSA Capital Partners.

The Holland Collection’s 26 high-end luxury homes are being built on the site of former Aura Park condominium in Holland Road. Lippo bought the site in a collective sale deal in June 2007 for $1280psf of potential gross floor area – a high for the location. CLSA Capital Partners took a 50% stake in the project a few months later.
The Holland Collection

The Holland Collection’s 26 units will have 19 unique layout, size and space configurations. Apartment sizes range from 1281sqft to 3606sqft. Units will be launched this weekend at an average price of $2000psf.

Elsewhere, City Developments will launch its 429-unit Tree House on Chestnut Avenue. Prices start from around $600,000 for a 721sqft two-bedroom apartments.


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