CapitaLand to cut prices at new condo

-
Sep 16, 2013 - PropertyGuru.com.sg

In a bid to keep pricing affordable, CapitaLand's latest condominium project in Bishan will be priced lower than its nearby Sky Habitat, media reports said.

Although the showflat for the yet-to-be-named project with 694 units opened on Saturday, sales bookings will only start a few weeks later. Units in the first phase are expected to be priced from S$1,380 psf to S$1,550 psf.

The developer declined to reveal the number or type of units to be released, or their average psf price, explaining that such details will be revealed closer to the date of bookings.

“But we intend to price the new development competitively,” it said.

In April last year, Sky Habitat sold 131 units at an average price of S$1,583 psf, based on data from the Urban Redevelopment Authority (URA). Sales at the 99-year leasehold condo began during that month.

To date, around 172 homes in the 509-unit Sky Habitat have been sold at S$1,589 psf on average.


Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241CDirector
Email: asianprimeproperties@gmail.com
AsianPrime Properties Pte Ltd (L3010623G)

Popular posts from this blog

Pines Club to be redeveloped

-
Image
The Straits Times  |  MARCH 22, 2013 The Pines Club in Stevens Road will be made over into a hotel and commercial development in an ambitious redevelopment plan. A unit of developer Oxley Holdings has agreed to buy the 18,477 sq m estate for $318 million on a 103-year lease. Oxley has obtained provisional permission to develop two blocks of eight-storey hotels, two blocks of two-storey commercial buildings and a four-storey clubhouse with a basement on the site, according to a company statement to the Singapore Exchange. The club's facilities will be integrated into the new complex. Motoring tycoon Peter Kwee told The Straits Times that club members will be offered places at the Laguna National Golf and Country Club in Changi during the interim construction period. He owns both clubs. Members will be able to use the Stevens Road clubhouse facilities after the redevelopment, estimated to take between two and three years. Talk about the ...
Read more

Marina Bay set to get even livelier

-
The Straits Times  |  16 May 2013 More growth in store with new homes, offices and shops: Analysts MARINA Bay is already a flourishing neighbourhood, with hundreds of its own residents and many thousands more people streaming in each day to work and play. But the area is still very much a work in progress, said analysts, with more homes, offices and shops set to be built there over the next few years. Several empty plots are also yet to be developed. Analysts and major tenants were reflecting on the area's progress as the Marina Bay Financial Centre (MBFC) was officially launched yesterday. At the launch, Prime Minister Lee Hsien Loong hailed the latest addition to the Marina Bay skyline. He noted that the project added 3 million square feet of prime office space to the Central Business District - more than twice the office space at Raffles Place. It also set a new standard for green buildings. With its luxury apartments and restau...
Read more

Sentosa villa comes with serious flaws, says owner

-
Sep 16, 2013 - PropertyGuru.com.sg The exclusive residential enclave of Sentosa Cove has been rocked again by another complaint of shoddy construction work, this time at YTL Group’s Sandy Island. Just last week, it was reported that Ho Bee was being sued by homeowners at The Coast at Sentosa Cove, for defects such as staircase flooding and termite infestations.   Thio Keng They, the owner of a villa at Sandy Island, claimed that the two-storey five-bedroom property he acquired for about S$14 million had some “serious” defects, media reports said. He revealed that when he took possession of the 8,000 sq ft bungalow in March 2012, it had water leakage in the living area, most of the rooms, “gourmet kitchen” and basement garage. There were also defects on bathroom doors and scratches on glass panes and the timber floor. “I bought the house as I was told by the salesman that it was of top quality and it was a nice development. What I discovered is that it was not s...
Read more