The 146,532sqft freehold site was sold to Bukit Sembawang via a collective sale back in 2007 for $244.3 million. The price worked out to $785psf ppr.
Bukit Sembawang has really taken their time to redevelop the Fairways site. But a friend of ours living across from Fairways has seen the showflat being constructed since a couple of months ago, so the wife and I were expecting some announcement on the impending project launch. We now understand that the preview date for Skyline Residences is estimated to be around end-June or early-July.
Skyline Residences is supposedly within short walking distance of the upcoming Telok Blangah MRT Station and will probably be quite closely watched given its location.
However, we heard that price is expected to be around $2,000psf. If this true, the price is even higher than the $1,900psf initial launch price of Foresta @Mount Faber located further down the road.
So it will be interesting to see how "well received" the project is during the preview.
For those who are interested, you can find out more about Skyline Residences here:
http://www.condoexpert.sg/skyline-residences-telok-blangah
Update (16/06/2011):
We understand from a reliable source (thanks, Jonathan) that the price for Skyline Residences will be between $2,200 to $2,300psf.
Kinda steep if you ask us, especially given current market sentiments. However, if Foresta can sell at $1,900+psf, why can't Bukit Sembawang ask for $2,200psf (or more)?
.
0 comments:
Post a Comment