Mori sells 45% of units; Cairnhill 16 moves three units on launch day

EdgeProp Singapore

December 5, 2021



SINGAPORE (EDGEPROP) - Singapore-listed property group Roxy-Pacific Holdings sold 61 out of a total of 137 units at Mori as at 6pm on Dec 4. This translates to a sales rate of 45% for the project. It is a redevelopment of 15 terraced houses at Guillemard Road and Jalan Molek in the eastern region of District 14.

Average price of units sold is said to be from $1,680 psf to $2,000 psf, according to Teo Hong Lim, executive chairman of Roxy-Pacific. Buyers are said to be a mix of singles, couples, and investors. Teo reckons about 90% of them are Singaporean.

Units sold were a good mix of one-bedders from 484 sq ft, two-bedders from 710 sq ft and three-bedders from 958 sq ft. Prices ranged from $859,000 ($1,775 psf) for a one-bedroom unit to to upwards of $1.603 million ($1,673 psf) for a three-bedder. There are also three-bedroom-plus-guest, with sizes from 1,022 sq ft and priced from $1.682 million ($1,646 psf) and four-bedders of 1,259 sq ft tagged at $2.117 million ($1,681 psf).

Read more at: https://www.edgeprop.sg/property-new...its-launch-day