Sophia Residence a 272-unit development in Mount Sophia by Guocoland. Pricing for Sophia Residences was set at between S$1,400-1,800psf vs. new sales of nearby project Mount Sophia Suites at S$1,200-1,300psf. Close to half of the units of the development were “compact units” which were relatively well received and around 50 units were sold by Sunday afternoon.
Ascentia Sky a 373-unit development by Wing Tai in Alexandra. Over at Ascentia Sky, pricing was set at S$1,300-1,500psf and 10% discount was offered to buyers during the preview period. Approximately 80 units were sold over the weekend. The last new launch in the neighbourhood was Alexis which was completely sold out at S$900-1,100psf earlier in the year while recent secondary transactions at nearby Metropolitan Condo were S$800-950psf.
The Gale, a 329 unit development in Changi, by Hong Leong. It was reported in the press that more than half of the units were sold at average pricing of S$700psf. Prices for this project is comparable to Livia by City Development.Bukit Sembawang Estates said that it has sold 50 of the 78 units at Luxus Hills, a 999-year leasehold landed development at Ang Mio Kio, in a preview. Intermediate terrace homes were sold for an average of $1,085 per sq ft of land area, while corner terraces went for an average of $980 psf.
Over 70% Vista Residences units sold within one week: More than 70 per cent of the 182 apartments released for sale at Vista Residences have been sold within a week of its launch. The 280-unit development in Balestier offers one-bedroom units and penthouses ranging from 617 square feet to 2,575 square feet. Prices started at S$960 per square foot and the average selling price was S$1,070 per square foot. The 130 apartments taken up were mostly bought by Singaporeans, with three in four buyers locals. Developer Far East Organization said about half of the buyers were HDB upgraders.
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