Echelon: 80% of launched units sold on first day of preview!

By The Folks @PropTalk - December 28, 2012 No Comments

A new private condominium project located in Alexandra View, called Echelon, has seen strong sales.

Its developer City Developments Limited (CDL) said 80% of the units launched have been snapped up on the first day preview of the project.

In a statement, CDL said that as at 4pm on Friday, 200 out of 250 launched units have been sold.

The 508-unit development is jointly developed by CDL, Hong Leong Holdings Limited and Hong Realty.

Located near the Redhill MRT Station, Echelon offers a range of one- to four-bedroom units, loft units and penthouses spread over two 43-storey towers.

CDL said the "early bird" prices for the units average $1,700psf.

It added that a one-bedroom unit costs about $800,000, while the two- and three-bedroom units are priced from $1.19 million and $1.34 million respectively.

Larger apartments such as a four-bedroom suite will cost at least $2.13 million, and a penthouse will come with a price tag of $7.15 million.
Source: Channel News Asia

The news article above caught our attention even while we are vacationing in Taiwan this week. And those who have bought into Ascentia Sky earlier must be rubbing their hands with glee after reading the report..


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