mr funny
22-05-07, 04:26
Published May 22, 2007
Property developers enjoying healthy sales
Wide spectrum of new launches doing well; lifestyle features catch on
By ARTHUR SIM
PROPERTY developers continue to report healthy sales figures here with a wide spectrum of new property launches doing well.
At the top end, Chyau Fwu Development's Parkview Eclat on Grange Road is 50 per cent sold after being launched two weeks earlier. Average price for the 35-unit luxury development - with spa pools in every unit - is over $3,000 psf, said the Hong Kong-based developer.
Chyau Fwu senior executive Eddie Chow says that more than 90 per cent of the buyers are foreigners, mainly from Indonesia, Hong Kong and Japan.
Mr Chow says that negotiations are also underway for the 10,000 sq ft penthouse and two 5,000 sq ft duplexes. But there is no hurry to sell. He said: 'We are taking a patient approach to future sales, as we are more than happy with our progress to date.'
Also happy are Frasers Centrepoint and HKR International.
Frasers' 176-unit St Thomas Suites in the River Valley area is now fully sold after being launched in January at between $1,700 and $2,100 psf.
Lifestyle features like wide-span balconies, connecting the living areas and master bedroom, offering panoramic views, are popular with buyers.
Hong Kong-based HKR International's 30-unit Beaufort on Nassim was launched in February and is also fully sold save for one unit. The average price achieved is around $2,700 although one unit fetched $3,450 psf.
The 312-unit The Clift on McCallum Street by Far East Organization was officially launched recently and it is 60 per cent sold. The developer said that prices are from $1,950-$2,900 psf.
City Developments Ltd (CDL) which has also just launched the 493-unit Botannia in the West Coast area says more than 150 of the 200 units released have been sold.
Launching soon will be CDL's 110-unit Cliveden on Grange Road. In an earlier interview with BT, CDL's executive chairman Kwek Leng Beng said: 'If you follow the seven-year property cycle, there's still a lot of steam left, because we are only in the second year (of the high-end residential recovery). Mid-tier private home prices will move in sympathy, but the percentage rise is unlikely to be as high as in the luxury tier.'
Property developers enjoying healthy sales
Wide spectrum of new launches doing well; lifestyle features catch on
By ARTHUR SIM
PROPERTY developers continue to report healthy sales figures here with a wide spectrum of new property launches doing well.
At the top end, Chyau Fwu Development's Parkview Eclat on Grange Road is 50 per cent sold after being launched two weeks earlier. Average price for the 35-unit luxury development - with spa pools in every unit - is over $3,000 psf, said the Hong Kong-based developer.
Chyau Fwu senior executive Eddie Chow says that more than 90 per cent of the buyers are foreigners, mainly from Indonesia, Hong Kong and Japan.
Mr Chow says that negotiations are also underway for the 10,000 sq ft penthouse and two 5,000 sq ft duplexes. But there is no hurry to sell. He said: 'We are taking a patient approach to future sales, as we are more than happy with our progress to date.'
Also happy are Frasers Centrepoint and HKR International.
Frasers' 176-unit St Thomas Suites in the River Valley area is now fully sold after being launched in January at between $1,700 and $2,100 psf.
Lifestyle features like wide-span balconies, connecting the living areas and master bedroom, offering panoramic views, are popular with buyers.
Hong Kong-based HKR International's 30-unit Beaufort on Nassim was launched in February and is also fully sold save for one unit. The average price achieved is around $2,700 although one unit fetched $3,450 psf.
The 312-unit The Clift on McCallum Street by Far East Organization was officially launched recently and it is 60 per cent sold. The developer said that prices are from $1,950-$2,900 psf.
City Developments Ltd (CDL) which has also just launched the 493-unit Botannia in the West Coast area says more than 150 of the 200 units released have been sold.
Launching soon will be CDL's 110-unit Cliveden on Grange Road. In an earlier interview with BT, CDL's executive chairman Kwek Leng Beng said: 'If you follow the seven-year property cycle, there's still a lot of steam left, because we are only in the second year (of the high-end residential recovery). Mid-tier private home prices will move in sympathy, but the percentage rise is unlikely to be as high as in the luxury tier.'