Tuesday, April 6, 2010

Sales status of new projects and new launches

Following are extracted from BT today:

The Interlace
Over the Good Friday weekend, CapitaLand sold a total of 110 units at $850 - $1300psf. The property giant has sold more than 390 of the 490 units it has released to date in the 1040-unit, 99-year leasehold project.

The latest phase are priced about 3 – 5% higher than the phase one units released in September last year (at $850 - $1150psf) as there are more units in the recent batch on higher floors or with better facing.

Nathan Suites
TID Pte Ltd – a joint venture between Hong Leong Group Singapore and Japan’s Mitusi Fudosan – has sold 23 of the 40 units it released last week at its 65-unit Nathan Suites. The units fetched prices ranging from slightly below $2000psf to $2300psf; the average price achieved is $2100psf.

The 24-storey freehold project at Nathan Road , opposite the Malaysian High Commission, comprises two, three and four-bedroom apartments as well as penthouses ranging from about 915sqft to 4800sqft.

The Seascape at Sentosa Cove
Ho Bee and IOI have sold 6 units at The Seascape last week, taking total sales in the project to 31. The units cost $2619 - $2880psf.

The Residences at W Singapore
City Developments Ltd (CDL) sold another 5 units of The Residences at W Singapore Sentosa Cove, taking sales to 19 units. CDL is selling its development at $2500 - $3000psf.

Dakota Residences
NTUC Choice Homes and Ho Bee are left with about 50 units at Dakota Residences, comprising mostly four-bedders facing the Geylang River. The developers began selling the project, which has a total of 348 units, in June 2008 at about $970psf on average but trimmed prices by 5 – 8% during last year’s re-launch.

Waterbank at Dakota
Art Impression
UOL Group is expected preview its 99-year leasehold Waterbank at Dakota condo this week, which is also located along the Geylang River and next to the Dakota MRT Station that is slated to open later this month.

Prices are expected to range from above $1000psf to around $1300psf.

Market watchers say that this would be probably the first residential project to come on the market without bay windows and planter boxes, leaving more net liveable area for residents. A ruling that took effect on Jan 1, 2009 scrapped the exemption of these features from gross floor area for submissions for provisional permission.

UOL is expected to release about 200 of the project’s total of 616 units initially. Unit sizes range from 484sqft for a one-bedder to 2820sqft for a penthouse.

Starlight Suites
Tiong Aik group is expected to preview Starlight Suites at River Valley Close next week. The freehold 35-storey condo could be priced at about $2000psf on average. Starlight Suites has a total of 105 units, comprising one-bedders to a four-bedroom penthouse. Unit sizes range from 560sqft to 3401sqft.

And the property launch scene keeps on buzzing…



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