HKR Int'l to launch Beaufort On Nassim at about $3,000 psf

Singapore
Published February 2, 2007

HKR Int'l to launch Beaufort On Nassim at about $3,000 psf

By ARTHUR SIM


HKR International will launch its super-luxury condominium Beaufort On Nassim soon, and prices will be around $3,000 psf.

Hong Kong-based developer HKR International owns The Sentosa Resort, formerly called The Beaufort, and Vivian Sze, director of sales and marketing of HKR Asia Pacific, says that the 30-unit Beaufort On Nassim will benefit from the company's hospitality experience.

'It will be like St Regis Residences,' she added.

Like St Regis Residences, which is widely recognised as the first 'branded residence' here, Ms Sze says Beaufort On Nassim will have attendant butler, concierge, housekeeping and F&B services available.

The project was soft-launched a week ago with about five units sold and another five to six units reserved.

Transacted prices so far are between $2,300 and just under $3,000 psf.

Two of the eight penthouses have already been sold.

Ms Sze says that the public launch, if any, will be after Chinese New Year.

That the development has gone largely unnoticed is due in part to the fact that the 50,000 sq ft site with its encumbering detached house was acquired about five years ago.

Ms Sze also reveals that HKR had to seek permission to build the four-storey condominium, which is directly opposite Nassim Jade.

HKR is the second Hong Kong developer in recent months to announce that it will undertake solo luxury residential projects here. Soon to be launched is a luxury condominium by Chyau Fwu Development on Grange Road.

For Orchard Turn, Sun Hung Kai Properties is teaming up with CapitaLand, while at Marina Bay, Cheung Kong Holdings and Hong Kong Land are teaming up with Keppel Land.