Gem residences in Toa Payoh has already sold more than 55 per cent of their 578 units in their weekend launch last weekend. Median selling prices were at $1,426 psf and analysts are happy to report this a success as most new projects receive bulk of their sales within the first 2 to 3 weeks and a 50 per cent sales rate within the first month is already a positive sign.
And the prize came in small packages as units below 1000 sq ft were the clear winners last weekend. Approximately 60 per cent of all their 471 units below 1,000 sq ft have been sold while buyer picked up about 20 bigger-sized units. Gem residences is developed by Gamuda, Maxdin and Evia Real Estate. As Gamuda Land‘s first project in Singapore, the response is a happy one probably because prices were kept realistic and affordable. Their 980 sq ft tri-key or trio units were popular picks, 5 of their 37 units have been sold thus far.
Other new launches which recorded sales over the weekend included Stars of Kovan with about 70 units sold of date, The Trilinq, Sturdee Residences, The Poiz Residences, Principal Garden, Botanique at Bartley, Symphony Suites, The Terrace, Sol Acres, The Amore and Bellewaters.