Homebuyers, mostly Singaporeans, have snapped up 80 of the 96 units released for sale at The Greenwich project on the first day of its private preview.
All of the three-bedroom units released were snapped up, while more than 80 percent of the one- to two- bedroom units were sold.
“The Greenwich is a very special project quite unlike the typical suburban condominium. It differentiates itself as a new ‘trans-urban’ development, set to transform the suburban enclave into a vibrant live-work-and-play urban environment. The strong take-up during the preview underscores the market’s enthusiasm for this innovative concept,” said Mr. Chia Boon Kuah, executive director at Far East Organization (FEO), in a press release.
The Greenwich live-work-and-play precinct comprises residential apartments and the Greenwich V retail space. Out of the 319 residential units, 160 are one-room units, 99 are two-room units and 60 are three-room units. Units range from 603 sq ft to 1,485 sq ft.
The Greenwich is part of a lifestyle destination taking shape in Seletar Estate, located at the junction of Seletar and Yio Chu Kang Roads.
“Most of our buyers are also from this area. They know that this is a lovely residential neighbourhood with easy access via expressways to the city. Residents can look forward to an array of amenities and leisure options within this trendy urban village, especially with Greenwich V within close reach,” said Mr. Chia.
The Greenwich V mall is a two-storey retail space measuring 45,000 sq ft. Its confirmed key tenants include 7-Eleven, Kopitiam food court and Cold Storage. So far, about 60 percent of the retail space has been committed, while the remaining is in active negotiation.