Tuesday, January 22, 2013

New project sales status: Q Bay Residences 61% sold!


Q Bay Residences at Tampines has sold 312 out of its 510 launched units as of Monday, after its launch last weekend.

The project is jointly developed by Fraser and Neave (F&N), Far East Organization and Sekisui House.

It is the first private residential project to be launched since the latest round of property cooling measures introduced by the government.

According to a statement released by F&N on Tuesday, the units were sold at an average price of $1,007psf.

Q Bay Residences was launched at an average selling price of $985psf from an originally planned price of $1,050psf.


Excluding Q Bay Residences, F&N said it has a total unsold inventory of 299 units, or about 5% of projects currently under development.

The unsold inventory is primarily from the eCo, Palm Isles, Seastrand and Flamingo Valley private residential projects.

F&N said it plans to launch its remaining site in Woodlands by the second quarter of 2013.

The conglomerate acquired the site in October 2012 at $302psf ppr.

This will be jointly developed with Lum Chang Binjai Holdings, and is expected to yield around 500 units.

F&N has a 70% effective interest in this site.
Source: Channel News Asia

So who says a little more discount won't work...?


1 comments:

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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