Results 1 to 2 of 2

Thread: Keppel Land sells a quarter of Highline Residences condo

  1. #1
    Join Date
    Oct 2011
    Posts
    10,829

    Default Keppel Land sells a quarter of Highline Residences condo

    http://www.straitstimes.com/archive/...condo-20140915

    Keppel Land sells a quarter of Highline Residences condo

    Published on Sep 15, 2014 12:53 AM

    By Fiona Chan


    KEPPEL Land sold a quarter of its 500-unit Highline Residences condominium in Kim Tian Road over the weekend, the developer said yesterday.

    Home buyers picked up more than 80 per cent of the first 160 units released on Saturday and yesterday at an average price of $1,900 per sq ft (psf).

    The developer had previously given an indicative price of $2,000 psf for homes in the 99-year leasehold condominium, located within walking distance of Tiong Bahru MRT station and the Tiong Bahru Plaza mall.

    But this was before taking into account a "special preview discount" for buyers, the amount of which was not disclosed.

    The final average price was in line with property watchers' expectations.

    Keppel Land described the response to its weekend sales as "positive".

    "This may be due to the pent-up demand for new private housing in Tiong Bahru, which has not seen a launch in the past seven years," a spokesman for the developer said in a press release.

    According to surveys conducted by Keppel Land, buyers are attracted to "Tiong Bahru's central location and heritage charm", the spokesman added.

    They are also keen on the perks offered by Highline Residences, such as concierge services for limousines and housekeeping, as well as complimentary use of the golfing facilities in Keppel Land's Ria Bintan Golf Club.

    The buyers over the weekend were "a good mix of home buyers and investors", the spokesman said without giving further details.

    Highline Residences, which is expected to be completed by 2018, comprises seven blocks of residential units ranging from four storeys to 36 storeys tall.

    The project's unit sizes span in from 506 sq ft for one-bedders to 1,227 sq ft for four-bedroom dual-key units.

    There will also be six penthouses of 2,174 sq ft to 2,260 sq ft in size each.

    [email protected]

  2. #2
    Join Date
    Oct 2011
    Posts
    10,829

    Default

    http://www.businesstimes.com.sg/arch...ponse-20140915

    Published September 15, 2014

    Tiong Bahru condo draws good response

    Keppel Land cites pent-up demand as 80% of 160 units released are sold

    By andrea soh

    [email protected] @AndreaSohBT


    KEPPEL Land, which started closed-door sales of its Highline Residences condominium over the weekend, said it has received a good response to the project, possibly due to pent-up demand for private housing in Tiong Bahru.

    More than 80 per cent of the 160 units - or over a quarter of the 500 units available in total - released were sold, at an average price of S$1,900 psf after discount. Discounts ranging from S$28,000 to S$68,000 were offered during the preview weekend.

    The price was in line with earlier expectations by market watchers of between S$1,800 and S$1,900 psf.

    "This (positive response) may be due to pent-up demand for new private housing in Tiong Bahru, which has not seen a launch in the past seven years," said a Keppel Land spokesperson.

    Sales at the condominium is widely watched given its prime location diagonally opposite Tiong Bahru MRT Station and Tiong Bahru Plaza mall.

    Highline Residences' 500 units are housed in two 36-storey towers, a 22-storey tower and four low-rise blocks. Its unit sizes range from 506 sq ft for one-bedders to 1,227 sq ft for four-bedroom dual key units. It will also have six penthouses, ranging from 2,174 sq ft to 2,260 sq ft in size.

    The design of the condominium is inspired by New York City's High Line, a public park built on a historic elevated rail line.

    The development, designed by Mok Wei Wei of W Architects, will feature a rooftop communal garden facility to encourage urban farming and healthy lifestyles.

    Residents may tap concierge services such as limousines and housekeeping, in addition to enjoying complimentary golfing at Keppel Land's Ria Bintan Golf Club. These lifestyle services proved to be a draw with buyers, said the Keppel Land spokesperson.

    "We see a good mix of homebuyers and investors, the latter being attracted by the popularity of Tiong Bahru with expatriates," she added.

    Among projects in nearby areas, sales at The Crest along Prince Charles Crescent, about 450 metres from Redhill MRT station, have been seen as sluggish - only 39 of its 469 units had been sold as at end-July, according to government data.

    The project, being developed by a Wing Tai-led consortium, is a stone's throw from Jervois Road and the Chatsworth Park Good Class Bungalow Area.

    Another project nearer to Redhill Station, Alex Residences, had a more encouraging start when 171 units were sold in November at a median price of S$1,706. As at end-July, 208 of its 429 units had been picked up.

    Marina One Residences also opened its showflats over the weekend. The development will have 1,042 residences, and has indicated an asking price of S$2,600 psf on average.

    Said Kemmy Tan, chief operating officer of its developer M+S Pte Ltd: "Interest has been strong with over 800 visitors to our show gallery over the weekend. Visitors and potential buyers were impressed with the vibrant location, the quality and scale of Marina One's integrated concept and its seamless connectivity to four MRT lines."

Similar Threads

  1. Replies: 88
    -: 01-06-22, 11:10
  2. The Garden Residences by WingTai and Keppel Land
    By uncleloh in forum Marketplace
    Replies: 0
    -: 18-03-18, 08:15
  3. The Lakefront Residences (D22, 99 years leasehold, Keppel Land)
    By rattydrama in forum West and North West
    Replies: 1490
    -: 28-07-14, 08:59
  4. Replies: 29
    -: 13-03-10, 08:21

Posting Permissions

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