August 14, 2008, 1.55 pm (Singapore time)

CityDev plans to launch 400 pte homes in 2H2008


City Developments said on Thursday that it plans to launch 400 private homes in Singapore in the second half of this year, subject to market conditions.

The 400 units comprise 200 units in the second phase of Livia, a 99-year leasehold condo in Pasir Ris, and 100 units each at The Arte at Thomson and The Quayside Collection at Sentosa Cove.

At a second quarter results briefing on Thursday, the group also said it has achieved average prices of S$1,500 to S$1,600 per square foot for Shelford Suites and S$650-670 per square foot for the first phase of Livia.