reporter2
22-09-14, 16:41
http://www.straitstimes.com/archive/monday/premium/money/story/keppel-land-sells-quarter-highline-residences-condo-20140915
Keppel Land sells a quarter of Highline Residences condo
Published on Sep 15, 2014 12:53 AM
By Fiona Chan
KEPPEL Land sold a quarter of its 500-unit Highline Residences condominium in Kim Tian Road over the weekend, the developer said yesterday.
Home buyers picked up more than 80 per cent of the first 160 units released on Saturday and yesterday at an average price of $1,900 per sq ft (psf).
The developer had previously given an indicative price of $2,000 psf for homes in the 99-year leasehold condominium, located within walking distance of Tiong Bahru MRT station and the Tiong Bahru Plaza mall.
But this was before taking into account a "special preview discount" for buyers, the amount of which was not disclosed.
The final average price was in line with property watchers' expectations.
Keppel Land described the response to its weekend sales as "positive".
"This may be due to the pent-up demand for new private housing in Tiong Bahru, which has not seen a launch in the past seven years," a spokesman for the developer said in a press release.
According to surveys conducted by Keppel Land, buyers are attracted to "Tiong Bahru's central location and heritage charm", the spokesman added.
They are also keen on the perks offered by Highline Residences, such as concierge services for limousines and housekeeping, as well as complimentary use of the golfing facilities in Keppel Land's Ria Bintan Golf Club.
The buyers over the weekend were "a good mix of home buyers and investors", the spokesman said without giving further details.
Highline Residences, which is expected to be completed by 2018, comprises seven blocks of residential units ranging from four storeys to 36 storeys tall.
The project's unit sizes span in from 506 sq ft for one-bedders to 1,227 sq ft for four-bedroom dual-key units.
There will also be six penthouses of 2,174 sq ft to 2,260 sq ft in size each.
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Keppel Land sells a quarter of Highline Residences condo
Published on Sep 15, 2014 12:53 AM
By Fiona Chan
KEPPEL Land sold a quarter of its 500-unit Highline Residences condominium in Kim Tian Road over the weekend, the developer said yesterday.
Home buyers picked up more than 80 per cent of the first 160 units released on Saturday and yesterday at an average price of $1,900 per sq ft (psf).
The developer had previously given an indicative price of $2,000 psf for homes in the 99-year leasehold condominium, located within walking distance of Tiong Bahru MRT station and the Tiong Bahru Plaza mall.
But this was before taking into account a "special preview discount" for buyers, the amount of which was not disclosed.
The final average price was in line with property watchers' expectations.
Keppel Land described the response to its weekend sales as "positive".
"This may be due to the pent-up demand for new private housing in Tiong Bahru, which has not seen a launch in the past seven years," a spokesman for the developer said in a press release.
According to surveys conducted by Keppel Land, buyers are attracted to "Tiong Bahru's central location and heritage charm", the spokesman added.
They are also keen on the perks offered by Highline Residences, such as concierge services for limousines and housekeeping, as well as complimentary use of the golfing facilities in Keppel Land's Ria Bintan Golf Club.
The buyers over the weekend were "a good mix of home buyers and investors", the spokesman said without giving further details.
Highline Residences, which is expected to be completed by 2018, comprises seven blocks of residential units ranging from four storeys to 36 storeys tall.
The project's unit sizes span in from 506 sq ft for one-bedders to 1,227 sq ft for four-bedroom dual-key units.
There will also be six penthouses of 2,174 sq ft to 2,260 sq ft in size each.
[email protected]