New property sales update: Robust sales at new launches

By The Folks @PropTalk - February 15, 2011 2 Comments

According to a ST report today, sales have been robust at new property launches across the island, with buyers especially keen on Waterfront Isle near Bedok Reservoir.

Waterfront Isle
Of the 384 flats released for sale at the 561-unit estate, 270 have been sold.

Prices were about $922psf when the condominium – a joint venture by Far East Organization and Frasers Centrepoint – was launched on Feb 5, but have since risen to $936psf.

Waterfront Isle’s one-bedroom units of 592sqft are selling from $575,000, while prices of some units with a reservoir view have climbed to an average of $1,050psf.

Loft @Stevens
Oxley Holdings’ Loft @Stevens in Stevens Road has sold between 70% and 80% of its 44 units. Most of the apartments at this freehold condo in District 10 are small one-bedders between 335sqft and 570sqft. Agents said only two or three of these units were left after yesterday’s preview sale.

The six-storey developments has a mix of one- and two-bedders with prices starting at $720,000 for a 335sqft unit.

Nin Residences
Nin Residences in Pheng Geck Avenue in Potong Pasir was also well-received, with almost half of the 219 units sold. The 99-year leasehold project is being developed by Qingjian Realty and comprises two blocks, one of five storeys, the other 19.

Nin Residences has one-, two- and three-bedroom units with prices between $1,200psf and $1,300psf. A 452sqft one-bedder starts from around $700,000.


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