Sales status: Robinson Suites & d'Leedon

By The Folks @PropTalk - December 7, 2010 No Comments

According to a BT report today, several new residential projects sold well last week.

Robinson Suites
All but the 5 penthouses at the 167-unit freehold Robinson Suites are said to have been sold over a three day period last week beginning on Thursday. Three shop units on the ground floor of the 42-storey project have also found takers.

A total of 132 residential units and the three shops were released on Thursday. Of these, everything was sold by Saturday, except for the five penthouses.

The remaining 35 apartments on the lower floors are believed to have been sold to a fund.

All the apartments in the development are either one-bedroom-plus-study or two-bedders. Unit sizes start at 484sqft.

The apartments are said to have sold at prices ranging from $2,600psf to $3,300psf. In lumpsum quantum, prices began at $1.2 million for a one-bedroom-plus-study and $1.5 million for a two-bedder.

In addition to this relatively affordable lumpsum investment size, buyers were drawn to the pitch for the project as the first freehold apartments at Robinson Road. The units face the low-rise Lau Pa Sat and will enjoy a relatively unblocked view.

Robinson Suites will rise on the former VTB Building site; the project is being developed by a consortium whose shareholders include Cheong Sim Lam (whose family developed International Plaza), Fission Holdings, Tan Koo Chuan and Saw Pik Kee.

CapitaLand and its partners sold a further 153 units last week at d’Leedon on the former Farrer Court site. This takes total sales to 205 apartments, inclusive of the 52 units sold the previous weekend (Nov 27-28) when sales were open to former owners of Farrer Court.

Singaporeans have picked up 80% of the units sold so far.

The developers have released 250 of the 1,703 apartments in the 36-storey, 99-year leasehold project. They have yet to release the six pairs of strata semi-detached houses in the development.

The 250 apartments released have been priced at $1,680psf on average. A typical one-bedroom-plus-study apartment of 635sqft costs about $1.1 million. A typical two-bedder of 1,055sqft is priced at about $1.5 million.

The condo also has three- and four-bedroom apartments as well as penthouses.


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