Results 1 to 5 of 5

Thread: Property developers enjoying healthy sales

  1. #1
    Any complaints please PM me
    Join Date
    May 2006
    Posts
    8,129

    Default Property developers enjoying healthy sales

    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.'

  2. #2
    Bull Run
    Guest

    Default Re: Property developers enjoying healthy sales

    The highest psf for Parkview Eclat was more than $4,000 psf.

    Everything is selling.
    This time cheong liao lah!

    Hmm ..... What is the next buy?

  3. #3
    Unregistered
    Guest

    Default Re: Property developers enjoying healthy sales

    Quote Originally Posted by Bull Run
    The highest psf for Parkview Eclat was more than $4,000 psf.

    Everything is selling.
    This time cheong liao lah!

    Hmm ..... What is the next buy?

    I wont be surprised if there is a new record beating the ORCHARD RESIDENCES soooon. April and May this year property market this year is the hottest ever. No more cheap condo to buy already in prime areas.

  4. #4
    Record
    Guest

    Default Re: Property developers enjoying healthy sales

    Quote Originally Posted by Bull Run
    The highest psf for Parkview Eclat was more than $4,000 psf.

    Everything is selling.
    This time cheong liao lah!

    Hmm ..... What is the next buy?

    Hello!
    $4,200 psf lah!

  5. #5
    FEO
    Guest

    Default Re: Property developers enjoying healthy sales

    The 312-unit The Clift on McCallum Street by FEO is 60% sold.
    Prices range from $1,950-$2,900 psf.

    This one is cheap!

Similar Threads

  1. Property veteran sees investment sales market staying healthy in 2020
    By reporter2 in forum En Bloc Discussion and News
    Replies: 0
    -: 17-01-20, 18:18
  2. Two Serangoon condos garner healthy first-weekend sales
    By reporter2 in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 11-06-18, 20:42
  3. Private home sales down 19% in October, but outlook healthy
    By reporter2 in forum Singapore Private Condominium Property Discussion and News
    Replies: 1
    -: 19-11-13, 15:31
  4. Landbanks 'healthy' despite strong sales
    By reporter2 in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 11-03-12, 20:06
  5. Developers' interest in projects expected to remain healthy
    By mr funny in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 23-06-11, 13:29

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •