Far East Organization (FEO) said it has sold 100 units at the Altez in Enggor Street, its latest residential project comprising of 280 units.
According to FEO, 100 of the 104 units released during a preview for priority customers last week were sold. Prices ranged from $1,600 psf to $2,000 psf.
The units sold were comprised of one- and two-bedroom apartments from levels 10 to 22 of the 62-storey development.
FEO also said that its 250-m high Altez project, located next to Tanjong Pagar MRT station, will be the tallest residential development in Singapore.
Foreigners accounted for 60 percent of the buyers at Altez, said Chia Boon Kuah, chief operating officer for property sales at Far East Organization.
“The robust response to Altez demonstrates demand for well-conceived products of value in an excellent location in the city centre,” added by Mr. Chia.
“With the wide array of amenities and F&B outlets in this area, an MRT station at its doorstep, the upcoming New Downtown nearby and the possible future transformation of Tanjong Pagar into a waterfront city, buyers of Altez are assured of the positive prospects of this area.”
FEO is set to release more two-bedroom apartments tomorrow. These are expected to be priced higher on a psf basis compared to those which were already sold, said market watchers.
Among other amenities, Altez features two storeys of facilities and five floors of sky gardens.