Analysts say launches of landed homes are rare, in particular brand-new landed homes, thus keen interest is expected.
Positive response expected for Seletar Hills Estate landed homes
The Luxus Hills development consists of 78 landed homes with a mix of 58 intermediate terraces, 10 corner terraces and 10 semi-detached homes.
32 out of the 78 units will be released for sale and even before Friday’s public preview, 6 have already been sold.
These homes have a 999-year tenure and prices start from around $3 million to $4.2 million. The per square foot prices come up to about $1,894 psf.
The intermediate terraces have floor areas ranging between 3,575 sq ft to 3,810 sq ft; the corner terraces from 3,541 sq ft to 3,671 sq ft and the semi-detached ones from 3,541 set to 3,671 sq ft.
The developer, Bukit Sembawang, is expecting positive response for this phase of the sale. They are offering a number of different payment schemes which may be favourable not only to owner-occupiers but also investors.
Some buyers may be waiting for payouts from collective sales and these schemes may benefit them.
Landed homes still considered worthy investments
The developers are offering a Stay & Pay scheme which allows buyers to move into the units immediately with a 20% down payment.
There is also the Reservation Scheme which will allow buyers to reserve their units with a 10% deposit and only pay the remaining amount in 2021.