Good interest in 2 residential projects

[princess_morbucks]

http://www.businesstimes.com.sg/prem...jects-20131113

SINGAPORE] Two residential projects are seeing good interest in the run-up to their launch this week. Talk in the market is that more than 1,000 cheques have been submitted in the first phase of sales at the 660-unit Duo Residences, a project developed by Temasek Holdings and Khazanah Nasional.
Apartments at the 99-year leasehold development at Ophir-Rochor start from $2,214 per square foot (psf) for a studio apartment of about 420 square feet (sq ft) in size, while one-bedders (at least 538 sq ft) start at $2,045 psf. Two-bedroom units (from 807 sq ft) are priced upwards of $1,983 psf.
Sales are expected to start tomorrow.




Alex Residences: The property is a few minutes drive from Tiong Bahru, VivoCity, Orchard Road, MBS, the CBD and Sentosa, according to a fact sheet on the development

[bargain hunter]

PUBLISHED NOVEMBER 13, 2013

Good interest in 2 residential projects

[SINGAPORE] Two residential projects are seeing good interest in the run-up to their launch this week.

Talk in the market is that more than 1,000 cheques have been submitted in the first phase of sales at the 660-unit Duo Residences, a project developed by Temasek Holdings and Khazanah Nasional.

Apartments at the 99-year leasehold development at Ophir-Rochor start from $2,214 per square foot (psf) for a studio apartment of about 420 square feet (sq ft) in size, while one-bedders (at least 538 sq ft) start at $2,045 psf. Two-bedroom units (from 807 sq ft) are priced upwards of $1,983 psf.
Sales are expected to start tomorrow.

Meanwhile, a price cut may have aided Singapore Land's (SingLand's) Alex Residences condominium, which will be launching preview sales today - three days ahead of its planned Saturday main public launch - after 550 cheques that have been verified by the developer were received for the 150 units being released in the first phase of sales.

Michael Ng, group general manager of UIC, SingLand's parent company, said that balloting for units will start today based on the cheques it has received over the two preview weekends.

Public sales will start from Thursday onwards.
SingLand had earlier said that units at the 99-year leasehold development near Redhill MRT, which has a total of 429 units, will launch at an average $1,650 psf.

This is cheaper than next-door neighbour Echelon, where units were sold for an average $1,795 psf, according to data from the Urban Redevelopment Authority (URA). Echelon was launched last December.

Mr Ng said that units launched in phase two are likely to be slightly higher, "in excess of $1,700 psf".

Phase one's average price of $1,650 psf means that about 95 per cent of the 150 units released will cost below $2 million.

The development has one to three-bedroom apartments.

Said Mr Ng: "Alex Residences appears to be quite well received. This could be due to the attractiveness of the location, with Tanglin/Jervois just across the road, the convenience of being located near Redhill MRT and the nearby amenities."

The property is a few "minutes drive from Tiong Bahru, VivoCity, Orchard Road, MBS, CBD and Sentosa", according to a fact sheet on the development.
Under the first phase, the smallest unit at Alex Residences, at 474 sq ft, will cost $760,000, while prices for two-bedroom apartments (657 and 678 sq ft) start at just over $1 million.

Three-bedders (at least 883 sq ft) will cost upwards of $1.3 million.

[bargain hunter]

i disagree with the reported FROM psfs of DUO though. they took the minimum quantum as guided by bro sunboy, 930k, 1.1m and divided it by the smallest unit to get the minimum psf. that's incorrect. there are bigger units in both categories which could be sold at lower psfs.

[radha08]

rubbish market going to drop..every other thread says so...these people will get burnt...please tell them dont buy let the cheques bounce

[reporter2]

http://www.businesstimes.com.sg/arch...jects-20131113

Published November 13, 2013

Good interest in 2 residential projects

By Felda Chay [email protected]


Alex Residences: The property is a few minutes drive from Tiong Bahru, VivoCity, Orchard Road, MBS, the CBD and Sentosa, according to a fact sheet on the development

[SINGAPORE] Two residential projects are seeing good interest in the run-up to their launch this week.

Talk in the market is that more than 1,000 cheques have been submitted in the first phase of sales at the 660-unit Duo Residences, a project developed by Temasek Holdings and Khazanah Nasional.

Apartments at the 99-year leasehold development at Ophir-Rochor start from $2,214 per square foot (psf) for a studio apartment of about 420 square feet (sq ft) in size, while one-bedders (at least 538 sq ft) start at $2,045 psf. Two-bedroom units (from 807 sq ft) are priced upwards of $1,983 psf.

Sales are expected to start tomorrow.

Meanwhile, a price cut may have aided Singapore Land's (SingLand's) Alex Residences condominium, which will be launching preview sales today - three days ahead of its planned Saturday main public launch - after 550 cheques that have been verified by the developer were received for the 150 units being released in the first phase of sales.

Michael Ng, group general manager of UIC, SingLand's parent company, said that balloting for units will start today based on the cheques it has received over the two preview weekends.

Public sales will start from Thursday onwards.

SingLand had earlier said that units at the 99-year leasehold development near Redhill MRT, which has a total of 429 units, will launch at an average $1,650 psf.

This is cheaper than next-door neighbour Echelon, where units were sold for an average $1,795 psf, according to data from the Urban Redevelopment Authority (URA). Echelon was launched last December.

Mr Ng said that units launched in phase two are likely to be slightly higher, "in excess of $1,700 psf".

Phase one's average price of $1,650 psf means that about 95 per cent of the 150 units released will cost below $2 million.

The development has one to three-bedroom apartments.

Said Mr Ng: "Alex Residences appears to be quite well received. This could be due to the attractiveness of the location, with Tanglin/Jervois just across the road, the convenience of being located near Redhill MRT and the nearby amenities."

The property is a few "minutes drive from Tiong Bahru, VivoCity, Orchard Road, MBS, CBD and Sentosa", according to a fact sheet on the development.

Under the first phase, the smallest unit at Alex Residences, at 474 sq ft, will cost $760,000, while prices for two-bedroom apartments (657 and 678 sq ft) start at just over $1 million.

Three-bedders (at least 883 sq ft) will cost upwards of $1.3 million.