Two new condo projects — in Western Coast and Queenstown — will open their showflats this weekend in the hope of capitalising on good sales at recent launches.
Prospective buyers can visit the showflat of EL Development’s Parc Riviera in West Coast Vale over the next two weekends, ahead of its sales launch next month.
The other project vying for buyers is Queens Peak in Dundee Road, in Queenstown. On Saturday It will open for preview, with the sales launch scheduled for Nov your five, its creator Hao Yuan Investment stated.
EL Expansion told The Straits Circumstances the average value for gadgets at the 752-unit Parc Costa – a 99-year leasehold development — will be regarding $1, two hundred fifity per sq ft.
“We want to price (the units) low at the start to draw early-bird customers… If require is there as well as the market increases, maybe we are able to slightly consider raising the purchase price, ” documented Mr Lim Yew Before long, managing overseer at EL Development.
Parc Riviera comprises two 36-storey towers with a four-storey carpark. It is near the Pandan park and Reservoir connector. Key features include a panoramic deck with pavilions and jacuzzis on the rooftops of both blocks.
Unit sizes range from 463 sq ft for a one-bedroom unit to 1, 711 sq ft for the largest four-bedder. EL Development said 480 of the 752 models – or about 64 per cent – are one- and two-bedroom apartments.
Mr Lim said: “Recent sales at The Alps Residences and Forest Woods are very encouraging… I think as long as the project is well designed and reasonably priced, there’ll be takers. ”
Hao Yuan Investment’s Queens Peak – also a 99-year leasehold project – appears to be better located, being near the Queenstown MRT station. It has 736 models, comprising one- to five-bedroom apartments and penthouses.
The sizes of the units at Queens Peak range from 431 sq ft for the one-bedroom unit to two, 002 sq ft intended for the five-bedder, and 4, 768 sq ft intended for the largest penthouse.
The one- and two-bedroom apartments constitute 62 per cent of the total units available there. The developer said premium models will have private lift lobbies, and all four penthouses shall come with private pools, jacuzzis and private rooftop terraces.
“While market feeling is buoyed by the the latest recovery in sales, A queen Peak includes very strong features… and as such, we now have improved self confidence at this quick moment, inch said Hao Yuan Expenditure, adding that selling prices have never been placed yet.
The two main upcoming showflat openings the actual positive respond to new jobs rolled out this kind of full month.
Forest Timber, a project simply by City Trends, Hong Leong TID and Holdings, in Lorong Lew Lian distributed 65 % of their 519 equipment on their first introduction weekend about Oct almost 8.
MCC Land’s The Alps Residences in Tampines migrated 280 of 626 equipment in a single moment when it was put on industry on April 2 .
Buyer Eileen Gwee bought a two-bedder at The Alps Residences in Tampines for less than $750, 500, in the expectation of rental it out. “I am nonetheless confident regarding Tampines. It is just a mature real estate and a regional middle; an international institution nearby can be… so there ought to be rental potential, ” stated Ms Gwee, a product sales manager.
Released projects including Cairnhill Eight near Orchard Road Recently, Gem Homes in Toa Lake and Payoh Significativa in Jurong have also distributed well.
Both Parc Riviera and Queens Peak are expected to get their temporary occupation permits at the final end of 2020.