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Thread: Ho Bee, MCL sell 51 units at Parvis

  1. #1
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    Default Ho Bee, MCL sell 51 units at Parvis

    http://www.businesstimes.com.sg/sub/...58592,00.html?

    Published November 10, 2009

    Ho Bee, MCL sell 51 units at Parvis


    (SINGAPORE) Ho Bee Investment and MCL Land last week sold 51 units at their Parvis condo at Holland Hill at an average price of about $1,480 per square foot (psf).

    Unlike the recent trend of smallest units in a project selling out first, what happened at Parvis was quite the reverse, with four-bedroom apartments accounting for the most number of units sold - 19. This was followed by two-bedders (15 units) and three-bedders (14 units).

    MCL and Ho Bee even sold three penthouses in response to buyer interest, although these were not part of the initial batch of 85 units they released for the preview.

    They are now proceeding to do an official launch of the project at the weekend, when they will release more units in the freehold condo, which has a total of 248 units. The 12-storey project is being built on the former Holland Hill Mansions site.

    Ho Bee general manager Chong Hock Chang revealed that ex-owners of Holland Hill Mansions had picked up seven apartments.

    Singaporeans bought 39 of the 51 units sold. Permanent residents and foreigners acquired the remaining 12 units; they were mostly Malaysians, with some Indonesians, Mr Chong added.

    The three penthouses sold comprise two single-level units of 2,300 square feet each, with three bedrooms and costing about $3.3 million apiece, and a 2,800-sq-ft duplex unit with four bedrooms, priced at about $4.1 million. The duplex was picked up by a foreigner while Singaporeans bought the two single-level penthouses.

    Last month, Ho Bee released the freehold Trilight condo on Newton Road. To date, it has sold 61 units in the 30-storey project at an average price of $1,650 psf.

  2. #2
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    Oh god. Such an awful sounding condo also can sell well.... Pelvis... Perverse...

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    where is the bubble?

  4. #4
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    Quote Originally Posted by mcmlxxvi
    Oh god. Such an awful sounding condo also can sell well.... Pelvis... Perverse...
    Dun pray pray hor... according to the brochure, Parvis is an atas name for a condo:

    parvis \parvis\ n a courtyard, an enclosed area.

    In times of yore (economic recovery), the elite class proudly protected the (freehold) land they owned. They constructed and arranged their living quarters (all pool/inside facing) to surround this previous parcel (a humongous 200k+ sq ft) of real estate (that agents claimed is 5min walk to holland v.), effectively creating a private space within which they could live as they pleased (hopefully not so sui bian until clothes can be hang on balconies).

    Word for word except for those in brackets

  5. #5
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    I'm sure the developer meant well but I'm not so sure the intended effect is always received...

    Just look at Citrine [Pure quartz, traditionally called rock crystal (sometimes called clear quartz), is colorless and transparent (clear) or translucent.]... kena related to Latrine.... Citrus....

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