Keen buying interest at two new property launches

PUBLISHED FEB 27, 2017, 5:00 AM SGT

Two new projects positioned in the marketplace this year – The Clement canopy and iNz Residence EC (executive condominium) – attracted eager buying interest over the weekend.

The 505-unit The Clement Canopy in Clementi sold 195 units on the primary weekend of its release, accounting for about 78 percent of the 250 units released for sales, developer UOL organization said the day before today.

“there has been healthful interest across all the unit kinds. I consider that is because of the pent-up demand for in the location and affordable pricing,” stated UOL Group general manager for marketing Anthony Wong.

The Clement Canopy, a joint venture between UOL organization and Singapore Land, incorporates 40-storey blocks with two-bedroom to 4-bed room units 635 sq ft to 1,539 sq ft with the average price ranges from $1,330 psf to $1,360 psf.

About 40 per cent – or 194 units – of the apartments are two-bedders ranging from 635 sq ft to 732 sq ft in size. They are priced between $850,000 and $1.2 million. Prices for the three-bedroom units start from $1.28 million, and $1.62 million for the four-bedders. To be able to buy apartments of this size, and at the price they are being sold at, is bound to interest a lot of people, especially those who are in the middle of finding a new property. However, for some people, these units may be out of their price range, and looking for real estate agents, like those found at Reali, (https://reali.com/real-estate-agents/) may be in your best interest if you want to stay within a limited budget. For the most part, many people could be persuaded to buy these apartments if they get the chance to do so.

With that being said, homebuyers were offered additional discounts when they purchased units over the weekend. UOL Group told The Straits instances there has been a $6,000 cut price for the two-bedder, $8,000 for the 3-bedroom unit, and $12,000 for the four-bedroom condo. Mr Wong stated: “Given the effective reaction, we are able to be extending our early bird discount for any other weekend.”Buyers were attracted to the location and features such as the condo’s lush landscaping. Ms. Christina Ng, forty, who works within the healthcare area, has been looking around for a new property for approximately a year but did no longer discover a suitable unit until now. While another buyer, Mr. Jason Phua, picked up a 3-bed room condominium for approximately $1.four million. “I ended house looking for a while after the cooling measures came out… I don’t suppose something goes to appear in the next one or two years, so I determined to buy the unit,” said the 39 months-old manager.

Savills Singapore research head Alan Cheong said income on the Clement canopy had been inside his expectations and could set the tone for the rest of the yr. “this is a reasonably true begin to the year, it looks like there’s a continuation of the sales momentum we saw last year,” he said.

At iNz Residence in Choa Chu Kang – the first EC project this year – its developer Qingjian Realty said it has received more than 450 e-applications for units since Feb 24.

E-applications for iNz Residence EC run till 5th March and unit bookings begin on March 11.