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20-12-21, 10:24
[UPDATE] Perfect Ten sells 12 units on launch day
EdgeProp Singapore
December 19, 2021
SINGAPORE (EDGEPROP) - Despite the property cooling measures that came into effect from Dec 16, property group CK Asset Holdings, one of the flagships controlled by the family of Hong Kong’s richest tycoon Li Ka-shing, went ahead with its launch of Perfect Ten today.
As at 5pm, about 12 units were sold, of which eight were two-bedroom units and four were three-bedroom units, according to a source. Buyers were said to be largely Singaporeans. Average price achieved is said to be $3,200 psf. The developer declined to comment.
CK Asset Holdings announced on Dec 16 that it was offering “a one-time discount” of 5% to buyers over the weekend. This was “to facilitate their decision making in view of the new cooling measures,” commented Francis Wong, director of Property Enterprises Development (Singapore), a member of CK Asset Holdings.
According to the developer’s press release on Dec 16, After the 5% discount for selected units, the starting price for a second floor (low-floor) unit was reduced to $3,040 psf from $3,200 psf before; and starting price for a 19th floor (high-floor) unit began from $3,437 psf, instead of $3,618 psf prior to the measures.
Located in Singapore’s prime residential enclave of Bukit Timah in District 10, the freehold Perfect Ten has a total of 230 units with a mix of two- and three-bedroom apartments. Sizes of the two-bedroom units start from 753 sq ft to 797 sq ft, while three-bedroom units are from 1,227 to 1,281 sq ft.
“Even at the lower initial launch price, Perfect Ten has still set a new benchmark above $3,000 psf in the Bukit Timah area,” says Mark Yip, CEO of Huttons Asia. “The sales are commendable for the launch day of a new luxury condo project in the wake of the cooling measures imposed just four days ago.”
Most projects would have been pushed back after such draconian property cooling measures but not Perfect Ten, adds Yip. “Buyers are buying based on the reputation of the developer,” says Yip. “So, overall, it was a good sales outcome.”
Read more at: https://www.edgeprop.sg/property-news/perfect-ten-sells-12-units-launch-day
EdgeProp Singapore
December 19, 2021
SINGAPORE (EDGEPROP) - Despite the property cooling measures that came into effect from Dec 16, property group CK Asset Holdings, one of the flagships controlled by the family of Hong Kong’s richest tycoon Li Ka-shing, went ahead with its launch of Perfect Ten today.
As at 5pm, about 12 units were sold, of which eight were two-bedroom units and four were three-bedroom units, according to a source. Buyers were said to be largely Singaporeans. Average price achieved is said to be $3,200 psf. The developer declined to comment.
CK Asset Holdings announced on Dec 16 that it was offering “a one-time discount” of 5% to buyers over the weekend. This was “to facilitate their decision making in view of the new cooling measures,” commented Francis Wong, director of Property Enterprises Development (Singapore), a member of CK Asset Holdings.
According to the developer’s press release on Dec 16, After the 5% discount for selected units, the starting price for a second floor (low-floor) unit was reduced to $3,040 psf from $3,200 psf before; and starting price for a 19th floor (high-floor) unit began from $3,437 psf, instead of $3,618 psf prior to the measures.
Located in Singapore’s prime residential enclave of Bukit Timah in District 10, the freehold Perfect Ten has a total of 230 units with a mix of two- and three-bedroom apartments. Sizes of the two-bedroom units start from 753 sq ft to 797 sq ft, while three-bedroom units are from 1,227 to 1,281 sq ft.
“Even at the lower initial launch price, Perfect Ten has still set a new benchmark above $3,000 psf in the Bukit Timah area,” says Mark Yip, CEO of Huttons Asia. “The sales are commendable for the launch day of a new luxury condo project in the wake of the cooling measures imposed just four days ago.”
Most projects would have been pushed back after such draconian property cooling measures but not Perfect Ten, adds Yip. “Buyers are buying based on the reputation of the developer,” says Yip. “So, overall, it was a good sales outcome.”
Read more at: https://www.edgeprop.sg/property-news/perfect-ten-sells-12-units-launch-day