Wednesday, April 28, 2010

New project sales update

Tree House
CDL has sold 360 units at its Tree House condo at Chestnut Avenue since previewing the project last week.
The 99-year leasehold project has an average price of about $820psf. To date, CDL has released 400 of the project’s 429 units.

Holland Collection
The Holland Collection
CLSA Capital Partners Real Estate Fund and Lippo sold 6 units at their Holland Collection project in Holland Road last week. This means that the developers have sold 8 units in the 26-unit project since its preview last month. Units sold last week include two penthouses (at about $6.3 million each) and a strata bungalow that fetched $6 million.
The buyers in the freehold project, which is four storeys high and has an attic level, are mostly foreigners. The eight units sold to date are priced between $1,850psf and $2,200psf.

Waterbank @Dakota
UOL Group is understood to have achieved further sales of about 50 units at its Waterbank at Dakota condo last week, taking total sales to 570 units in the 616-unit, 99-year leasehold project.

The Residences at W Sentosa Cove
CDL has to date sold about 25 units at The Residences at W Sentosa Cove. The 99-year leasehold project, priced at $2,500 - $3,000psf, has been on the market for nearly a month now. To date, CDL has released 56 of the project’s 228 units.

The Seascape
Ho Bee and IOI, which are developing The Seascape on a more attractive spot on Sentosa Cove, are said to have sold about 33 units to date. The project has an average price of $2,700psf, with achieved prices ranging from $2,619psf to $3,145psf. The Seascape came to market at about the same time as The Residences at W.



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