Home buyers on Friday signed deals for over one third of the 680 apartments at the Privé, the first executive condominium project in Punggol.
The project’s developers, NTUC Choice Homes Co-operative and Chip Eng Seng, had processed more than 270 sales options and said they were clearing more, though it refused to provide an estimate of the total number of units that could be snapped up.
Units at the 99-year leasehold project have received up to 1,036 applications by the end of Tuesday, reflecting robust interest for the project.
Developers said earlier that average selling price of the units would range from $660 psf to $690 psf. Buyers may choose the deferred payment scheme, but they will need to pay 2 percent more.
Meanwhile, United Engineers is preparing to launch another EC project, Austville Residences located between Sengkang East Avenue and Buangkok Drive.
According to The Business Times, the selling price might start from $620 psf. United Engineers is also planning to offer branded fridges to early buyers, as well as hold a lucky draw with attractive prizes such as return air tickets to Australia.
Marketing for the freehold Killiney 118 in Somerset area has also begun. The project, developed by a unit of Amara Holdings, offers 30 units consisting of one- and two-bedders.
The momentum for real estate launches could recover in January after the Christmas season ends and prior to the start of the Chinese New Year. For example, CB Richard Ellis (CBRE) is preparing for four to five launches scheduled for January.