New project info: Botinque at Bartley

By The Folks @PropTalk - March 21, 2015 No Comments

UOL Group has priced more than 70% of the 797 homes in its latest development, Botanique at Bartley, at below S$1 million as the developer seeks to drive sales after the Chinese New Year lull, but it remains to be seen if buyers will emerge in numbers in the current soft property market. 

Ahead of the showflat opening for public viewing today, UOL said yesterday that it wanted to attract buyers looking for a high-quality property in the city fringe at an affordable price, setting the average selling price a little below $1,300psf.

Botanique at Bartley consists of 200 one-bedroom units, 382 two-bedroom units and 215 three-bedroom units, with starting prices of about $598,000, $798,000 and $1.6 million, respectively. Apartment sizes range from 495 to 689sqft for the one-bedroom units, 657 to 958sqft for the two-bedroom units and 926 to 1,356psf for the three-bedroom ones.

Expected to be completed by 2019, the 99-year leasehold condominium is a three-minute walk from Bartley MRT station, and is close to many schools, such as Paya Lebar Methodist Girls' School, Maris Stella High School and Nanyang Junior College.

The project will be launched in two weeks to coincide with the Good Friday long weekend.
Info Source: TODAY

Even at "a little below $1,300psf", the wife and I reckon that it will be quite the challenge to move units at this new project given the current market sentiments. But the saving grace may just be the MRT station proximity, so we'll have to see in 2 weeks...

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