Tags: centra heights / Eight Courtyards / h2o residences / hedges park

Sales Status: Eight Courtyards, Hedges Park, Centra Heights etc...

- April 19, 2011 No Comments

Eight Courtyards
Fraser Centrepoint and Far East Organization have sold 202 of the 280 apartments released at Eight Courtyards, a 99-year condo in Yishun priced at $795psf on average. The price is noticeably lower than recent new mass market launch prices and therefore attractive to buyers, say some experts.

A one-bedroom unit costs $423,000 to $564,000, a two-bedder is between $637,000 and $751,000, while three-bedder would set a buyer back by $703,000 to $1.03 million.

Eight Courtyards comprises 654 apartments and two shop units. Preview for the project began last Friday.

Frasers Centrepoint said that Singaporeans and permanent residents picked up 92% of the 202 units sold at Eight Courtyards. Foreigners – mostly from China and Indonesia – accounted for the other 8% of buyers.

Frasers Centrepoint also dished out other statistics of the buyer profile: 63% were HDB upgraders; and half of the buyers live in Yishun, Sembawang or Woodlands.

All 30 one-bedroom units in the development have been snapped up. The project also includes two, three and four-bedroom units as well as dual-key units.

Hedges Park
Tripartite Developers sold 130 of 200 units that it has released at the 501-unit Hedges Park, a 99-year leasehold condo at Upper Changi Road. The average price is $850psf. The project has started its preview last Friday.

Singaporean picked up 90% of the 130 units sold.

Prices start from $466,000 for a one-bedroom apartment of 484sqft and prices of four-bedroom unit start from $1.06 million for a 1,345sqft unit.

Centra Heights
All 90 units at freehold project Centra Heights in Sims Avenue were snapped up during its preview yesterday. Mr Melvin Ho, managing director of developer Fission Group, said the average price was about $1,250psf.

H20 Residences
City Developments has sold 35 units at H20 Residences in Sengkang so far this month, after selling 255 units in March. This takes total sales to 290 units. The developer has so far released 350 of the 521 units in the project. The average price is $920 - $940psf.

Skysuites 17
EL development’s 115-unit Skysuites 17 sold 9 units over the weekend, to bring its total sales to 99 units.

Skysuites 17 is a freehold project located along Jalan Rajah in Balestier.

*Sources: The Straits & Business Times (19 April 2011)

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Tags: h2o residences / my manhattan / the cape

Sales status from last week

- March 8, 2011 No Comments

H2O Residences
CDL has raised slightly the average price of its H2O Residences condo in Sengkang to about $920psf over the weekend, from $910psf initially when the project’s preview began on Friday.

The developer said yesterday it has sold 150 of the 200 units released so far in the 99-year leasehold condo next to Layar LRT Station in Sengkang. H2O Residences comprises 521 apartments (ranging from one-bedroom to four-bedroom units and penthouses) and a shop unit.

Giving a profile of buyers, CDL said 85% of the 150 units sold were picked up by Singaporeans. The rest were purchased by Singapore permanent residents and foreigners from China, Hong Kong, Indonesia, India, Malaysia and Vietnam.

Sources say that prior to the introduction of the Jan 13 property cooling measures, CDL had eyed an average price closer to $1,000psf mark.

The group is developing the condo on a plot it clinched at a state tender in February last year for $365.26psf ppr. Analysts estimate CDL’s breakeven cost could be in the $720 – 750psf region.


My Manhattan
Opposite Simei MRT Station, Chip Eng Seng sold another seven units last week at its My Manhattan condo, taking total sales to 82 units. The average price of the 99-year condo is about $1,180 – 1,200psf.

Chip Eng Seng has so far released 150 of the 12-storey project’s total 301 units; it began selling the project on Feb 11. The group clinched the plot at a state tender in May last year for nearly $523psf ppr. Analysts estimate Chip Eng Seng’s breakeven cost could be around $900psf.


The Cape
Far East has sold more than 10 units at The Cape – a 76-unit freehold condo at Amber Road which the group began to preview late February – and is likely to officially launch the project next week. The average price is said to be in the $1,800 - $1,900psf range.



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