New project sales staus: Echelon

It was reported in our de facto English newspaper today that 390 units had been sold at Echelon, a 508-unit condo in Alexandra View which was officially launched at the weekend.

This means that nearly 200 more units at the 99-year leasehold project developed by City Developments (CDL) were sold after the Dec 28 preview when more than 200 units were snapped up in a single day.

CDL said the units were launched at an early-bird price of $1,700psf on average, with increases of 2% to 4% for subsequent releases.

Singaporeans made up 80% of the buyers, with the rest being permanent residents or foreigners from countries including Malaysia, Indonesia and China.