Wednesday, August 3, 2011

euHabitat: 181 units sold in the first week!

Property developer Far East Organization has sold 181 units of its 748-unit euHabitat during a preview of the residential development.

euHabitat, located on a site spanning 444,000sqft, is being jointly developed by Far East and Orchard Parade Holdings.

Located at Jalan Eunos, the 99-year residential development comprises suites, condominium apartments, SOHO units and four-storey townhouses with a roof terrace and a basement.

Prices start from $541,000 for one-bedroom suites (538sqft); $593,000 for a one-bedroom SOHO-style apartment (517sqft); $918,000 for a two-bedroom condominium apartment (1,012sqft); and $2.94 million for townhouses (3,380sqft).

“We are happy with the strong take-up during the preview. euHabitat enjoys a prime location in an area that is rapidly transforming,” said Far East’s chief operating officer (property sales) Chia Boon Kuah. “With the strong interest that we continue to see in euHabitat, we will be bringing forward the official launch of the development to Aug 19.”

Close to 70% of the buyers were Singaporeans and permanent residents. 52 out of the 181 units sold were one-bedroom suites. The one- and two-bedroom SOHO units also registered interest with 39 units sold. Aimed at young professionals, the SOHO apartments have floor-to-ceiling heights of about 3.4 metres while the ground-floor units have a floor-to-ceiling height of 5 metres.

Meanwhile, 20 units of the one-bedroom apartments were sold, as were 34 units of the two-bedroom apartments, 25 units of the three-bedroom apartments, and 11 of the two-storey, 4-bedroom townhouses.

Located near the PIE, euHabitat is also accessible via Eunos MRT Station as well as the upcoming Ubi and Kaki Bukit MRT stations on the future Downtown Line 3.
Source: The Business Times

euHabitat sounds like a “Woodhaven” in the East... hopefully with better-quality interior furnishings. The wife and I have been to the actual site of euHabitat and we are less than impressed. The project is located at the corner of a busy traffic intersection (just after the Euno exit of the Pan Island Expressway), and is hardly within walking distances to the three MRT stations mentioned.

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