SINGAPORE – 11 MARCH 2017 – Sales were robust for iNz Residence when bookings opened this morning (11 March, 2017, Saturday). Four- and five-bedroom units accounted for over 60% of sales. Among them, more than 80% opted for the Smart Home Packages, proving once again that developer Qingjian Realty (South Pacific) Group Pte Ltd’s (Qingjian Realty’s) commitment to smart living is in line with homebuyers’ desire for a smart lifestyle in their new homes. iNz Residence is the first executive condominium (EC) to launch this year.
Buyers clearly desire bigger living spaces. The 5-bedroom maisonettes – a rare find in executive condominium developments – were fully snapped up. Prices for these units range from $1,188,000 to $1,321,000. Close to 170 units at the Qingjian Realty development were sold on the first day of booking.
Most popular today were the four-bedroom units. 70% of these were sold. Despite offering a smart lifestyle and quality finishes, Qingjian Realty has kept prices well within the expected range for ECs. Prices start at $490,000 for two-bedroom units and $818,000 for four-bedroom units.
Mr Li Jun, Executive Director, Qingjian Realty (South Pacific) Group Pte Ltd, said, “Sales at iNz Residence is off to a brisk start. Executive condominiums remain popular, as new family units and upgraders are always entering the market. Our continued commitment to meeting smart lifestyle needs, including our latest partnership with Singtel and hiLife Interactive, is something buyers appreciate. This has had a positive effect on our take-up rate. The Tengah area and Jurong Lake District will be Singapore’s next focal area of growth. Qingjian Realty will continue to support this development. Our next smart lifestyle project will be a mixed-development in Bukit Batok West.”
First in line to pick their unit were first-time homebuyers Dominic Siew and Jade Lim, who are in their early 30s. “The price is definitely reasonable, given the location of iNz Residence, the quality of the home fixtures, and the smart lifestyle. We especially like the video intercom system, which will really enhance our home security,” said the couple, who picked a 3-bedroom unit with the Deluxe Smart Home Package. The Deluxe Smart Home Package offers homebuyers up to 24 smart devices that enhance convenience, security, and provides greater peace-of-mind. These include the Smart Digital Lockset, Smart Washing Machine, and Smart Energy Meter.
Homebuyers are able to select the level of smart living they prefer: Basic, Plus or Deluxe. Depending on the preferred package and the unit type, they would be entitled to a price deduction of up to $8,000.
Eager buyers at the balloting session of iNz Residence
Buyers throng the iNz Residence sales gallery
4-bedroom show unit: Living Room
About Qingjian Group
Qingjian Group (Qingjian) is a conglomerate with a rich history of more than 60 years with businesses covering domestic and international contracting and investment, real estate development, capital management, logistics and more. As one of the earliest Chinese construction companies with ISO9001 compliance, the Group had a turnover of RMB 45.8 billion (SGD 9.7 billion) in 2013 and was ranked 98 in Engineering News-Record (ENR) Top 250 International Contractors in 2014.
Qingjian’s escalating success had led it to extend its operations globally. Since 1999, Qingjian has been developing a wide spectrum of buildings in Singapore – from private and public residential developments, to commercial and industrial buildings.
About Qingjian Realty (South Pacific) Group Pte Ltd
Qingjian Realty (South Pacific) Group Pte Ltd (Qingjian Realty) is the Southeast Asian regional headquarters for Qingjian Group’s real estate development arm. Qingjian Realty focuses on property development in the residential, commercial, and industrial sectors.
To date, Qingjian Realty has launched and developed a HDB-DBSS development – Natura Loft (2008) – and numerous private and executive condominium developments including Nin Residence (2010), RiverParc Residence (2011), Riversound Residence (2012), River Isles (2012), Waterbay (2012), Ecopolitan (2013), Bellewoods (2014), Bellewaters (2014), The Visionaire (2016), and iNz Residence (2017).
Qingjian Realty’s commitment to providing quality homes in Singapore is widely recognised with multiple awards, including the FIABCI Singapore Property Award, BCA Green Mark Award, and BCI Asia Top Ten Awards. Most recently, Qingjian Realty was conferred the Best Executive Condo Development and Best Residential Interior Design at the Southeast Asia Property Awards 2016.