This month has seen Singaporean
property developers lining up project previews and launches in order to
test the uncertain market.
Early this month, Keppel Land released a new high-rise tow er
block at its Reflections at Keppel Bay, offering a third of the 83
units for sale in Singapore and Hong Kong. Prices begin at S$1,500 psf
and about 10 apartments have been sold at an average of just over
S$2,000 psf. Reflections, with a total of 1,129 units housed within six
high-rise tower blocks and 11 low-rise villa blocks, could cost about
S$1.5 million for a two-bedroom apartment on a low floor.
Over the last weekend of August, Far East Organization invited
interested buyers to its show unit for Miro, a freehold development in
Lincoln Road. The project is priced around S$1,700 psf with prices
beginning at S$1.6 million for a single bedroom studio loft of 990 sq
ft. The 32-storey tower houses a total of 85 units and also offers
two-bedroom units of 1,302 sq ft, as well as three-bedroom lofts sized
more than 1,600 sq ft.
Meanwhile, a boutique project nearby Moulmein Road held a preview over the first weekend of the month.
Meanwhile, Mulberry Tree – to be completed end of 2011 – is offering
32 freehold units with a ‘retro-style’ façade, with indicative prices
set at S$1,300 to S$1,500 psf. Prices begin at less than S$700,000 for
the smallest unit. Two-bedroom flats sized at about 710 sq ft each are
expected to fetch around S$900,000.
Tat Aik Group’s Nathan Residences, to be developed on the former
Nathan Court in Nathan Road, have also begun its preview with prices
expected to fall within the region of S$2,000 psf.
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