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15-05-14, 18:37
http://www.straitstimes.com/archive/friday/premium/money/story/cdl-expects-strong-take-coco-palms-20140509

CDL expects strong take-up for Coco Palms

Published on May 9, 2014 1:25 AM


THE newest joint venture condominium development by City Developments (CDL), Hong Realty and Hong Leong Holdings has received a strong response ahead of its launch next Saturday.

More than 3,000 visitors visited the Coco Palms showflat last weekend - the first weekend of its preview, CDL said yesterday.

Located in the Pasir Ris Grove estate, the 446,857 sq ft resort- themed condo is a five-minute walk from Pasir Ris MRT station and bus interchange as well as White Sands shopping mall.

The 99-year-leasehold development comprises 944 condo units in 12 blocks of 12- to 16-storey buildings.

Units range from one- to five- bedroom apartments and penthouses. Some of the three- and four-bedroom units will have a "dual key" feature.

The sizes range from 463 sq ft for a one-bedroom unit to a 3,111 sq ft penthouse. The smallest one-bedroom unit will be priced from $498,000.

In its statement, CDL credits the rapid development of business parks, leisure facilities and educational institutions in the east coast for fuelling demand for residences in the Pasir Ris area.

The coast is another attraction for home buyers in the area.

CDL group general manager Chia Ngiang Hong said: "We look forward to welcoming more homebuyers at the showflat preview this weekend and expect a strong take-up when sales commence on May 17."

Coco Palms, set to be completed by 2019, is CDL's fifth development in the Pasir Ris Grove estate. Three joint venture projects - Livia, NV Residences and The Palette - are fully sold.

The fourth project, D'Nest, was launched in March last year and is 94 per cent sold.

IVAN TEO