Kimen Group’s Jervois Mansion secures 98% sales at launch
EdgeProp Singapore
October 17, 2021
Niche developer Kimen Group announced that 103 out of a total of 105 units released at its maiden project Jervois Mansion had been sold as of Oct 16. This brings sales to 98%. The developer is retaining the remaining 25 units in the 130-unit low-rise condo for investment.
Of the 103 units sold, 29 were taken up during the VIP preview a fortnight ago. Based on caveats lodged with URA Realis to date, these fetched an average price of $2,346 psf at the VIP preview from Sept 30 to Oct 4.
On the day of its official launch on Oct 16, units were sold from $2,241 psf to a high of $2,898 psf. The price was achieved for an 861 sq ft, two-bedroom-plus-guest unit on the penthouse level (fifth floor) that was snapped up for just under $2.5 million.
Read more at: https://www.edgeprop.sg/property-new...8-sales-launch