According to The Straits Times today, the 76 SHENTON condominium in the CBD was sold out in one day during the preview as hundreds of buyers made a beeline for the prime project yesterday.
There were so many people vying for one of the 202 units that balloting was needed to sort out who got first crack. About 300 names were in the ballot, with the buyers being mostly Singaporean investors and permanent residents.
The Hong Leong Holdings project has nothing over 1,000sqft, i.e.
• 134 units are 1-bedders from 592 – 624sqft
• 68 units are 2-bedders from 968 – 975sqft
.
One-bedroom units were priced between $1600 and $2600psf, or about $1.2 million. Two-bedroom units went for between $1600 - $2300psf, or about $2 million.
Hong Leong credited the strong sales to the development’s “prime location, its attractive pricing, a solid design and healthy pre-launch interest”.
Another selling point of 76 SHENTON, besides its supposed reasonable pricing and the small unit sizes (i.e. lower capital outlay), was that even units on the lower floors would get a sea view.
The 99-year leasehold condominium has 39 floors of residences and commercial space that will feature seven restaurants and retail units. The project is expected to be completed by late 2014.
So THIS is one that the wife and I can strike off from our “To View List”…
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