Prices for the condo units
ranged from $1,050 to $1,180psf. In addition, it also sold one strata terrace
house, two strata semi-detached houses, and six retail shops. The shops,
ranging from 431 to 452sqft, were sold at about $2,700psf.
The two-to-three bedders
were the most highly sought-after units, as has been the trend with "quantum-friendly"
units since the onset of the TDSR framework that started to tighten credit conditions.
But Kingsford Development
board chairman Cui Zhengfeng told BT that it could also be because a larger
percentage of the two-bedders were facing the river.
The 1,165-unit project is
being built on two amalgamated government land sales (GLS) sites with a
combined 400-metre direct frontage of Sungei Serangoon.
Among the units transacted,
one-bedroom units started at $514,000; two-bedders at $650,000, three-bedders
at $893,000, four-bedders at $1.073 million; and five-bedders at $1.432
million.
Semi-detached homes
(1,948sqft) cost about $2.1 million, while the retail shops cost about $1.2
million in quantum.
Mr Cui said that most of the
buyers were Singaporeans. RST research director Ong Kah Seng added that in this
location, buyers would tend to be owner-occupiers buying for future long-term
capital gains rather than investors buying to lease.
In addition to its condo
units, the 99-year leasehold Kingsford Waterbay has six strata
terrace houses and two strata semi-detached houses, as well as its own
childcare centre and six shops.
Source: BT
Just goes to show that if the pricing's right, developers are still able to move units. But it be interesting to see what the sales numbers are like for this project going forward...
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