It is reported in BT today that one group of private property hunters has snapped up all 68 units at the newly launched Dorsett Residences above Outram Park MRT station. This is despite the slew of property cooling measures announced by the government on Monday.
The 99-year leasehold project was previewed on Wednesday and sold out in a day, said marketing agent Knight Frank. The project has one and two-bedders ranging from 484 - 1615sqft in size, and the average selling price was $1800psf.
The wife and I must admit that we have not heard of Dorsett Residences until this morning. But looking at the developer's (Tangs Group of Companies) website, we understand that Dorsett Residences is one part of the Dorsett Regency Hotel and Dorsett Residences development. The mixed use development comprises hotel, commercial shops and residential. The ten-storey 285 room hotel fronts the prominent main junction of New Bridge Road and Cantonment Road, while the adjoining six storey residential slab block with 68 units is aligned along New Bridge Road offering views over Bukit Pasoh and Outram Park.
The development is connected directly and conveniently to the Outram Park MRT interchange station. The first storey of the development is blend of public accessible amenities such as MRT station entry, food & beverage shops, residential lobby, hotel lobby and drop-off.
The development offers a swimming pool and landscape deck on the third storey. The infinity edge swimming pool overlooking Chinatown is designed amid green planters, shady trees and sunbathing deck recliners.
The 68 residential units comprise three unit types, i.e. 1-bedroom, 2-bedroom and 2+1-bedroom. And according to the developer, "the residential units are efficiently planned and designed to create an ideal urban home. The bright and inviting apartments are equipped with open kitchen combined with living cum dining leading onto a good size balcony. In addition, the premium quality finishes and top-of-line home fittings in clean-line interiors and well-planned layouts exemplify the distinctive art of modern city living".
Buyers getting cold feet after latest government moves... what cold feet?
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