Weekend sales status: A Treasure Trove, The Luxurie & The Meyerise

By The Folks @PropTalk - September 19, 2011 2 Comments
A Treasure Trove
Sim Lian is understood to have sold a further 105 units over the weekend (up to 6pm yesterday), taking total sales in the 99-year leasehold condominium near Punggol MRT Station to 625 units.

The developer released another 200 units on Saturday, which means that 790 of the total 882 units in the condo have now been released for sale.

The average price for the newly released units is said to have been raised slightly from the original $866psf. Sim Lian began previewing the project on Sept 8.

The lost popular units in the development are two- and four-bedroom apartments.

The Luxurie
Keppel Land’s The Luxurie stood at 202 units as of 6pm yesterday. Based on the 151 units KepLand sold in the project in August – as stated in URA’s compilation of developers’ monthly sales data – KepLand has sold 51 units in The Luxurie so far this month. It has not revised its pricing, which has averaged $980psf since it began selling the project on Aug 26. To date, it has released 250 units in the 622-unit, 99-year leasehold condo for sale.

Market watchers say that The Luxurie’s higher pricing has sent most buyers to Sim Lian’s project, which is one MRT stop away. However, they note that the higher price for KepLand’s condo reflects its superior finishings and location a stone’s throw away from Sengkang MRT/LRT stations and bus interchange, Compass Point mall and other amenities.

The Meyerise
Hong Leong Holdings had sold 108 units as of yesterday. It released a further 30 units for sale in the freehold condo over the weekend, taking total units released to 150 units in the 239-unit project. The Meyerise will comprise two- to four-bedroom units as well as penthouses housed in two blocks of 31 storeys. The project was previewed early this month.

Hong Leong has previously listed the project’s unit prices as ranging from $1,400 to $2,540psf. It is developing this project on a site of about 115,302sqft which it bought from Della Lee in 2007 for about $201 million.
Source: The Business Times


2 comments to ''Weekend sales status: A Treasure Trove, The Luxurie & The Meyerise"

  1. what is the folks verdict on these 2 developments for investment purpose? or should wait for watertown, FEO & Fraser?


  2. Hi SOS,

    We presume you meant A Treasure Trove vs The Luxurie. If so, the jury is still out as we have not seen either of the project yet.

    But going strictly by what we have read about the two projects so far, we reckon The Luxurie will be a better investment buy especially if you are looking at rental prospects. This is in view of its better location, i.e. right across from the MRT station/bus terminal and Compass Point.

    The wife and I will probably be in a better position to comment after we have visited the respective showflats, but we reckon it may take us awhile to do so.