Spottiswoode Residences: Sales status

By The Folks @PropTalk - November 17, 2010 No Comments

The BT today reported that 130 of the 150 units released at Spottiswoode Residences last week were sold during the project's preview.

The units sold thus far have achieved prices ranging from $1,720psf to $2,150psf. Four of the project's seven penthouses were sold, with one fetching $1,850psf. 86% of the buyers were Singaporean.

The freehold 36-storey development comprises 351 apartments - mostly one- and two-bedroom apartments. It is near Outram MRT Station.

The 130 units sold include a dozen bought by former owners of apartments in the two developments that used to stand on the site - Spottiswoode Apartment and Oakswood Heights.

UOL Group acquired the two adjoining sites through separate collective sales in 2007. It paid $740psf ppr for Oakswood Heights; no development charge was payable for this site.

UOL bought the next-door Spottiswoode Apartment site for $732psf ppr including a development charge based on an earlier media report.

UOL said it will release another 80 units for the project's official launch today.


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