Encouraging sales during last weekend’s VIP preview at Parc Rosewood, where 181 of the 236 available units were sold, will result in developer Kensington Land Pte Ltd increasing its prices when the project is officially launched this weekend.
The company, a joint venture between mainboard-listed Fragrance Group Ltd and World Class Land Pte Ltd, had previously reduced prices at the project close to Woodlands Regional Centre by between 8 and 10 percent as a result of December’s latest cooling measure. It has not revealed the level of price increases, stating the percentage increase will be determined in due course.
Some 85 percent of buyers at the preview were Singaporeans, with the remaining 15 percent being permanent residents (PRs), the company revealed.
“While it is still early days yet, the great response we’ve received at the VIP preview shows that there is a public demand for developments with luxurious concept, strategic location and highly attractive price point. Parc Rosewood embodies these qualities and offers a uniquely exciting opportunity for home buyers and investors alike,” said Koh Wee Seng, Director of Kensington Land.
Comprising 689 residential units, most of which are one- and two-bedroom varieties, with three-bedroom units and penthouses also on offer, the picturesque Parc Rosewood is inspired by the notion ‘My Home, My Resort’. Prices at the VIP preview start from S$398,000 for a one-bedroom unit, S$568,000 for a two-bedroom unit and S$778,000 for a three-bedroom unit.
Parc Rosewood will officially launch to the public on Saturday, February 4. The showroom at Rosewood Drive will open from 11am to 10pm daily. The VIP preview will continue until Friday, February 3 from 11am to 10pm.
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