New projects sales status: euHabitat, Seastrand, Woddhaven etc

By The Folks @PropTalk - August 2, 2011 No Comments

It has been some weeks since we last reported on the sales status of recently launched projects, as there was a lack of info released - maybe due to slower than normal sales take-up (?)

Far East Organization is said to have sold over 150 units at euHabitat, a 99-year leasehold private residential project at Jalan Eunos.

It began previewing the five-storey project last week and is understood to have released over 200 of the project’s total 748 units so far. The development includes 51 four-bedroom townhouses, 223 one- and two-bedroom Soho-styled units, and 160 one-bedroom suites. The remaining units are one to four-bedroom apartments.

The suites are in separate towers from the apartments.

The average prices in the development range from about $800psf to slightly over $1,000psf – depending on the housing form.

Far East is developing euHabitat on a site next to Pan Island Expressway clinched by the group’s units Tuas Technology park and OPH Marymount at a state tender in September last year, for $414.57psf ppr. They paid 26.55 more than the next highest offer of $327.76psf ppr. The tender drew five bids.

Over in Pasir Ris, where Far East is developing Seastrand condo with Frasers Centrepoint, 232 units have been sold to date. The developers have released 269 of the total 475 units in the project, which is priced on average at $895psf. The 99-year leasehold project was released for sale in June.

Far East has also sold 202 units at Woodhaven condo in the Woodlands area. To date 242 of the development’s 337 units have been released. The average price is $957psf and the 99-year leasehold project has started selling since June.

Jool Suites
In the shoebox apartment category, Jool Suites at Sing Joo Walk behind Tessensohn Road, was previewed last week. About 18 units are said to have been sold so far. About half of the 52-unit freehold project has been released; the average price is about $1,500psf. One-bedroom units are around 388-484sqft, while two bedders are about 624sqft.

The development is in the vicinity of Farrer Park MRT Station and Connexion, a 20-storey development that will include a hospital, medical centre and hotel.

Source: The Business Times


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