Property developer City Developments Limited (CDL) announced that 320 of the 400 units released at The Palette condo in Pasir Ris have been sold.
The 892-unit development was launched on 12 November, with units priced at an average early bird rate of S$870 psf. However, prices have since been adjusted upwards by two to three percent.
Developed jointly by CDL, Hong Leong Holdings and Hong Realty, the 99-year leasehold project is located at the junction of Pasir Ris Grove and Pasir Ris Drive 1, and has an area of approximately 461,315 sq ft.
“Launches that are conveniently located near MRT stations, such as The Palette, are experiencing strong take-up,” said a spokeswoman from CDL.
The site is within walking distance of Pasir Ris MRT station and is close to Changi Business Park, United World College of Southeast Asia and The Japanese School.
Meanwhile, Singapore Land and UOL Group plan to roll out their latest project, the Archipelago @ Bedok Reservoir.
According to a report by The Business Times, homes at the 577-unit project are expected to be priced at around S$1,100 psf.
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