About 90 units at Boathouse Residences, a Soho-concept apartment project at Upper Serangoon View, have been snapped up.
Jointly developed by Far East Organization (FEO), Frasers Centrepoint and Sekisui House, the 99-year leasehold private condo features 493 residential units and one shophouse. The residential units comprise one- and two-bedroom apartments housed in two 15-storey blocks and two-, three- and four-bedroom apartments housed in four 18-storey blocks.
Nearly 80 percent of the units were acquired by Singaporeans, with the rest taken up by permanent residents (PRs) and overseas buyers. The average price was S$880 psf, with the cheapest unit — a 624 sq ft one-bedder on the second floor — costing only S$570,000.
One- and two-bedroom units are priced from S$880 psf to S$1,040 psf while the three- and four-bedroom units cost between S$800 psf and S$930 psf. The Soho-style apartments also feature an unusually high floor-to-ceiling height of 3.35 m. Each unit also comes with a furniture platform that can serve as a storage area, cosy corner or library.
While the turnout at the Boathouse Residences showflat was very good, Frasers Centrepoint Homes CEO Cheang Kok Kheong said buyers are now cautious in acquiring flats. He also noted that things have been quieter in Singapore over the past few days, as many people are taking advantage of the National Day holiday.
“Four months ago, during the Eight Courtyards launch, buyers took about 45 minutes to make a decision. Now, they probably require 60-90 minutes,” he said.
“’With more uncertainty and cautiousness, they’re thinking twice, maybe three times, to relook the whole thing – their finances and their needs. Those who were previously looking at purchasing a four-bedroom apartment may now settle for a three-bedder, for instance.”
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