New project sales status: Stratum, Whitehaven & Corals

By The Folks @PropTalk - May 22, 2013 No Comments

Following are sales status of new projects that were launched or previewed last week:

The 380-unit Stratum in Pasir Ris moved about 190 apartments on Saturday and Sunday. Nearly 250 units were released in the first phase.

Units at the 99-year leasehold apartment were launched at around $900psf. Sizes range from 432sqft for a studio to 2,446sqft for a five-bedroom duplex penthouse.

The Elias Road project is being developed by Elitist Development, which is related to the Lim family behind the Sin Soon Lee Group.

The 121-unit project developed by Roxy-Pacific Holdings sold nearly 70 units over the weekend.

The average price at the five-storey freehold project was between $1,470 and $1,480psf.

Corals at Keppel Bay
The 99-year leasehold project by Keppel Land, which is near Harbourfront MRT,  saw more than 80 of the 100 units released snapped up after the preview began on Friday. Buyers are believed to be mostly Singaporeans.

Prices at the 366-unit Corals are said to have ranged from $1,800 to $3,000psf.

Keppel Land said most units sold have been one- to three-bedders. There are also four-bedroom units and eight penthouses. Sizes range between 600sqft and 3,500sqft.

The lease for Corals starts from 2007. It is not subject to rules that stipulate that the developer has up to five years to build the project and then has to sell all the units within two years of obtaining the temporary occupation permit.

Corals is the third residential project by Keppel Corporation and Keppel Land on the former Keppel Harbour site, after the 969-unit Caribbean at Keppel Bay and the 1,129-unit Reflections at Keppel Bay.

Corals at Keppel Bay will be officially launched this weekend.

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