SingXpress Land has sold around 80 percent of its units at Charlton Residences, a 21-unit freehold luxury development in the Kovan area, at an average price of S$2.8 million each (around S$500 psf).
“We are very pleased with the strong sales of Charlton Residences. It demonstrates the demand for housing with quality design and situated at a good location which the project offers,” said Chan Heng Fai, Managing Director of SingXpress Land.
Units at the three-storey residential development range from 5,350 sq ft to 7,696 sq ft, with six bedrooms and two parking lots each.
Property agents attributed the project’s brisk sales to its affordable pricing and strategic location, close to Kovan MRT Station and to several schools, such as Paya Lebar Methodist Girls’ School, Rosyth School and Holy Innocents’ High School.
The development sits on a 34,154 sq ft plot and is the former site of Foh Pin Mansion. It was acquired for S$21.4 million through an en bloc sale last year.
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