Singapore property developer Allgreen Properties is set to preview its 102-unit Riviera 38 project at Mar Thoma Road next week.
Located near the Toa Payoh / Bendemeer area, the 999-year leasehold development will comprise a 27-storey tower, with apartments from the sixth floor upwards. Apartment types include 20 one-bedroom units and 21 one-bedroom-plus-study units, as well as two-bedroom, two-bedroom-plus-study and three-bedroom units and penthouses.
According to The Business Times, sizes start from 452 sq ft for a one-bedroom unit to 1,980 sq ft for a penthouse, which consists of three bedrooms and a private swimming pool.
Meanwhile, the developer said absolute unit prices will start from S$530,000 for a 452 sq ft one-bedroom unit on the seventh floor. The pricing has yet to be finalised but rumours have it that the average price indication given to potential buyers is approximately S$1,200 psf.
The report noted that DTZ has been appointed as the sole marketing agent for the development, which will be located on the former Hup Cheong Mansion site.
Meanwhile, Sim Lian will launch the remaining 92 units at A Treasure Trove condo tomorrow, with the average price of units slightly higher than the S$866 psf price tag set at the preview earlier this month.
As of yesterday, around 680 of the 790 units released to date have been snapped up.
To contact the journalist, you may send your message to editor@propertyguru.com.sg