http://www.businesstimes.com.sg/prem...eview-20120922
Published September 22, 2012
Gambir Ridge units 90% sold at preview
By jasmine ng
ABOUT 70 of the 77 units at Gambir Ridge, a freehold condominium at Bartley Road, were snapped up at its preview yesterday.
The project is by Meadows Investment, a subsidiary of property and construction group TA Corporation.
TA Corp, which was listed on the Singapore Exchange late last year, said the units were selling at above $1,400 per square foot. They comprise a mix of one- to four-bedroom units.
The 77-unit project consists of two blocks of five-storey residential units and a basement car park.
Apartment sizes range from 570 to 732 square feet (sq ft) for a one-bedroom unit; about 710 to 1,130 sq ft for a two-bedder; between 915 and 1,119 sq ft for a three-bedroom; and about 1216 to 1,442 sq ft for a four-bedder. Penthouse units are between 1,119 and 1,938 sq ft.
"We are deeply encouraged by the overwhelming response to our preview, which attests to our confidence that Gambir Ridge is an attractively priced development," said TA chief executive Neo Tiam Boon.
"It sits in an excellent location, being near retail and dining options, as well as in close proximity to public transportation nodes and quality education," he added.
Located at Gambir Walk, the development is near Bartley and Woodleigh MRT stations.
It is also close to Nex Mall, Heartland Mall and myVillage (formerly Serangoon Garden Village).
Facilities at Gambir Ridge include barbecue terraces, a rooftop lap pool, a jacuzzi and a gym. The development is expected to obtain its temporary occupation permit by December 2015.
Gambir Ridge is TA Corp's second property project to reach the market this year, after the 74-unit freehold development The Cristallo at Telok Kurau, launched in March.