According to a BT report, Roxy-Pacific Holdings will roll out its new residential project, Spottiswoode 18 today.
Prices at the project on Spottiswoode Park Road will start from $688,900, the developer said yesterday.
The 251-unit Spottiswoode 18 has one- and two-bedroom units as well as duplexes and penthouses. Units range in size from 387sqft to 1,324sqft.
More than half of the units – 150 out of 251 – are 387sqft.
Spottiswoode 18 will be built on the site which now houses Dragon Mansion. Roxy-Pacific bought the 72-unit Dragon Mansion in a collective sale for $100.8 million, or $863psf ppr including the estimated development charge.
From the original 72 units that was Dragon Mansion to the 251 units that will be Spottiswoode 18, this translates to a 3.5 times increase in the number of apartments on the same site area. And assuming that the start price of $688,900 is for the smallest apartment at 387sqft, this equates to about $1,780psf.
But yes, the quantum amount is affordable…
Spottiswoode 18 (Project Info)
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