With the recent announcement by City Developments (CDL) that it has sold 75 percent of the 150 units at Glyndebourne condo since its preview started on Friday, other developers are rushing to release projects prior to the year-end holiday season.
UOL Group will likely preview the 36-storey freehold Spottiswoode Residences condo development next week, and prices are expected to be around $2,000 psf. Approximately 90 percent of the 351 units consist of one-bedroom, one-bedroom-plus-study and two-bedroom apartments.
CapitaLand, on the other hand, is preparing to launch the first phase of a 1,715-unit, 36-storey condo on the 99-year-leasehold Farrer Court site. Designed by Zaha Hadid, the project will comprise one- to four-bedroom apartments, six pairs of strata semi-detached houses and penthouses.
In the mass-market sector, Sim Lian is thought to be looking to launch the 696-unit Waterview at Tampines Ave 1/10 facing Bedok Reservoir, once it obtains all the necessary approvals from the authorities. The 99-year leasehold condo project will comprise two-, three- and four-bedroom apartments and penthouses, at average prices ranging from $820 psf to $920 psf.
Meanwhile, CDL announced yesterday that it sold 112 units at its 150-unit Glyndebourne condo located on Dunearn Road from Friday to Sunday.
“All one-bedroom-plus-study, two-bedroom and three-bedroom-plus-study units have been snapped up. A wide spectrum of other unit types was also sold, including 10 out of the 23 penthouses,” said CDL in a statement.
About 70 percent of the buyers are Singaporeans, while permanent residents and foreigners from Brunei, China, India, Indonesia, Korea, Malaysia, Myanmar, Taiwan, Thailand and the United States account for the remaining 30 percent.
The 112 units sold fetched prices that ranged between $1,900 psf and $2,350 psf or at an average price of nearly $2,100 psf, said CDL.