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Thursday, October 21, 2010
Sales Update: NV Residences, Suites at Orchard etc…
NV Residences
CDL has sold 48 units so far this month at its NV Residences condo in Pasir Ris, taking total sales to 395 out of 450 units released in the 642-unit project.
The 99-year leasehold condo was previewed on Sep 8 at $830psf on average initially. Prices were later raised 1 – 2%.
Suites at Orchard
Allgreen is said to have sold about 80 units at its Suites at Orchard project at Handy Road, which was released last week.
The average price for the 99-year leasehold project, which comprises 118 units of mostly one and two-bedders and is located near The Cathay and Dhoby Ghaut MRT station, is said to be about $2,100psf.
The Cityscape at Farrer
Sales have been tepid at The Cityscape at Farrer, a 250-unit freehold condo at Mergui Road (near Rangoon Road, facing the CTE) by IOI Group and KSH Holdings.
The project was previewed last week and about 15 units are said to have been sold.
Potential buyers may have found the price, understood to be about $1,400psf on average, steep.
The 31-storey project comprises two and three-bedders as well as penthouses.
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