Saturday, January 19, 2013

New project sales status: Q Bay Residences

More than 210 units were sold at Q Bay Residences at Tampines during its preview on Friday.

The development is the first private residential project to be launched since the latest round of property cooling measures kicked in last weekend.

The most popular units were the "one- to two-bedroom suites", followed by the three- and four-bedroom "Verandah Homes" for large families and the TRIO units.

In a statement, Cheang Kok Kheong, chief executive officer of Frasers Centrepoint Homes, said: "They were mainly first-time buyers intending to use the property for their own stay. We are encouraged by the response, and expect more purchases by families tomorrow, at our official launch."

The 630-unit project is a joint venture by Frasers Centrepoint, Far East Organization and Sekisui House.

Q Bay Residences was launched at an average selling price of $985psf ppr, from an originally planned price of $1,050psf ppr. This was after a 15% discount and a 7% stamp duty discount.

The additional buyer's stamp duty (ABSD) is imposed on Singaporeans purchasing their second and subsequent home, as well as permanent residents who purchase a home in Singapore.
Source: Channel News Asia

Looks like the discounts given did help to maintain buying interests somewhat...


Nance Jaman said...

the-qbay-residences.comQBAY RESIDENCES @ TAMPINES is another exciting development which will set to capture your hearts at the fringe of Bedok Reservoir Park and with a unblock view of the Tampines Quarry.
The site is well connected to major arterial roads and expressways such as Tampines Expressway and the Pan Island Expressway. The new Bartley Viaduct provide direct access to Bartley Road, Braddell and Lornie Road. The Tampines MRT station, bus interchange, and a future Downtown Line 3, Tampines West MRT Station located nearby, which provides convenient access to all parts of the island.
Well-established malls such as Tampines One, Tampines Mall and Century Square, located within the Tampines Regional Centre provide diverse and convenient shopping, dining and entertainment options. Favourite household names like Courts Megastore, Giant Hypermarket and IKEA Tampines are also nearby.
Residents can engage in outdoor recreational activities such as kayaking, wakeboarding or enjoy a leisure stroll at the adjacent Bedok Reservoir Park. Tampines Sports Complex and Tampines West Community Club are also located about 10–minutes’ drive away.
QBAY RESIDENCES is an ideal home for families with school-going children. The development is near educational institutions such as Temasek Polytechnic, St. Hilda’s Primary and Secondary School, Red Swastika, Yu Neng Primary School, SOKA Kindergarten and the upcoming United World College of South East Asia.
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