SINGAPORE – Wing Tai Asia said today that it has sold 70 per cent of its latest condominium project, or over 360 units of The M, this weekend. Units sold at an average price of $2,450 per square foot. The M is the first major private residential development opened for public preview amid the coronavirus outbreak.
Ms Stacey Ow Yeong, Head of Marketing, Wing Tai Property Management, said: “We are absolutely delighted at the response which was beyond our expectations. We believe it demonstrates that home buyers have confidence in our product and in the precautionary measures we have taken to protect them from any spread of COVID19.
“We are truly grateful for the cooperation and patience shown by visitors to our sales gallery and the hard work of our agents in making sure that temperature and contact details were taken, and crowds were properly managed.”
Ms Ow Yeong said the majority of buyers are Singaporeans in their 30s and 40s, comprising both owner-occupiers and investors. “Many of them were drawn to The M’s prime location in the Ophir-Rochor Corridor which is rapidly transforming into a vibrant, mixed-use and eventually car-lite district, our unique work-life design concept and our reasonable pricing,” she added.
More than 2,000 people visited The M’s sales gallery at the junction of Middle Road and Selegie Road when it opened its doors to the public last weekend (15-16 February). Various health and safety precautions were taken to ensure the wellbeing of clients, including professional cleaning of the sales gallery on an hourly basis, temperature screening, collection of contact details, and limiting the number of people inside at any one point in time.
As the expressions of interest in the first weekend were strong, balloting was carried out between 8.30 am and 3 pm this Saturday
The M comprises studio and one-to three-bedroom units from 409 square feet to 904 square feet spread across three 20-storey towers and one six-storey tower. The studio and one-bedroom units feature a novel design concept called Home/Work, which allows for living areas to be converted into workspaces. Unique design elements include a multi-function kitchen table for dining and entertainment that can be converted into a work desk, and a sliding wardrobe that doubles up as
a workspace storage solution.
Situated right in the heart of the Arts and Cultural District and next to the Civic District, The M is near to offices, shopping malls and medical facilities in the CBD
while the Bugis, City Hall and Esplanade MRT stations are a short walk away.
The M is expected to be completed by the first quarter of 2024.
This article is contributed by Wing Tai Holdings Limited.