More than 100 units of the Terrene at Bukit Timah condo project has been snapped up.
This comprises 80 percent of the 130 units released during a private preview which started on July 8. The remaining 42 units of the 172-unit project will be released today during the official launch.
The 999-year leasehold development is a 50-50 joint venture project between La Salle Asia Investment Management and property developer UOL.
The apartments, which are priced at S$1,250 psf, range from $719,000 for a one-room unit to $2.79 million for a five-room penthouse.
UOL said 23 of the 30 penthouses have been snapped up.
Most of the buyers are Singaporeans, with the majority coming from private homes in the nearby area.
The five-storey condo project stretches across 130,000 sq ft near the Bukit Timah Nature Reserve.
Terrene at Bukit Timah is expected to be ready by April 2014.