Residential Trevista sales momentum unfazed in the Hungary Ghost month

The residential sales momentum is expected to remain strong with the successful launch of Trevista project bucking the trend of traditionally slow sales in the Hungary Ghost month. Over 85% of the 400 units launched have been sold at an ASP of S$925 psf in just three days. We expect sales momentum and price levels to firm up further on the back of improving liquidity conditions and easy financing options.

Trevista
NTUC Chioce Homes
Junction of Lorong2 and Lorong3
Outer Core Region (OCR).
99 Year old Lease Hold
Total Units 590 units, launched 400 units. Studio : 19 units (465sft), 1+study : 25 units (690sft) ,2-bedroom : 117 (860 - 926sft) 2+study : 19 (1,012sft) ,3-bedroom : 298 (1,100 - 1,280sft) ,4-bedroom : 112 (1,560 - 1,730sft)

Estimated TOP date 31 Dec 2012
Launch date Aug 28th
Takeup >85% of launched units
Avg Price (S$psf) S$925psf
Expected yield 3.25 - 3.5%

Features: 3 minutes walk to Braddell MRT station & 5 minutes walk to HDB Hub/Toa Payoh MRT. Close proximity to Pei Chun Public School, CHIJ (Toa Payoh), St Andrew's Village, Catholic Junior College and renowned international schools. Panoramic view of MacRitchie Reservoir and city skyline.

Due to the strong response for the initial 210 units launched on Friday NTUC choice homes released a second batch of 190 units on Saturday. The demand was stronger for smaller units with all the units in the 1BR and 1BR+study completely sold out. There are few units available in the 2BR, 3BR and 4BR units. Until 3 Sept, NTUC Choice Homes has sold 410 of the total 460 units it released for the preview of its Trevista condo in Toa Payoh last week.

The average price currently is understood to be around $920 psf. Singaporeans picked up 87 per cent of the total 410 units. Permanent residents made up 7 per cent and non-PR foreigners, 6 per cent, of buyers. The majority of PRs and non-PR foreigners were from China; some were also from Indonesia and Malaysia; there were also a few Swiss nationals, an NTUC Choice Homes spokeswoman said.

About 80 per cent of buyers purchased on the normal progress payment scheme. The remaining 20 per cent who opted for interest absorption scheme are being charged a 2 per cent price premium, the Choice Homes spokeswoman said. Can find out more at AsiaOne.


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