Friday, March 26, 2010

Breaking News - Friday 26 March 2010 - Singapore Condo Sold Out in 1 Day

Story in

THE 76 Shenton condominium in the Central Business District sold out in one day during its preview as hundreds of buyers made a beeline for the prime project yesterday.
There were so many people vying for one of the 202 units that balloting was needed to sort out who got first crack.

The Straits Times understands that there were about 300 names in the ballot, with the buyers mostly Singaporean investors and permanent residents.
The Hong Leong Holdings project has nothing over 1,000 sq ft: 134 one-bedroom units from 592 sq ft to 624 sq ft and 68 two-bedroom units of 968 sq ft to 975 sq ft. One-bedroom units were priced between $1,600 and $2,600 per sq ft (psf), or about $1.2 million, while two-bedroom units went for between $1,600 and $2,300 psf. That is about $2 million.
Hong Leong credited the strong sales to the development's 'prime location, its attractive pricing, a solid design and healthy pre-launch interest'. Sources said property agents were apparently collecting cheques from keen buyers even before the project's launch.

1 comment:

Anonymous said...

in sg, it's pretty common that good units in good projects don't make it to the launch. for this one, even good units weren't available for the pre launch!