Far East Organization’s The Greenwich (pictured), a low-rise condominium development has proven to be immensely popular with buyers, with 295 (92 percent) of its 319 residential units snapped up.
In a statement to PropertyGuru, Far East said that over 90 percent of the buyers are Singaporeans, with most of them residing in the Punggol and Seletar areas.
Located within Seletar Hills estate, the 99-year leasehold development offers one- to three-bedroom condo and city-style SOHO units with high ceilings. Based on its unit sizes, which range from 603 sq ft to 1,485 sq ft, it has an average price of S$1,119 psf.
Facilities at The Greenwich include a gymnasium, swimming pool, pool deck, playground and steam bath. It is also within close proximity to good schools like Fernvale Primary School, Pei Hwa Secondary School and the French School of Singapore.
The condo is expected to receive its Temporary Occupation Permit (TOP) in December 2015.
Meanwhile, the developer will officially launch Greenwich V, the project’s two-storey retail podium later today, which will serve residents of The Greenwich and Seletar Hills.
At 45,000 sq ft, the mall is the area’s first central shopping point and includes a variety of F&B outlets such as Toastbox, Cedele and Rakuichi Japanese Restaurant.
Major retail stores include Cold Storage’s seventh Market Place outlet in Singapore, a Guardian Pharmacy and 7-Eleven.
Related Stories:
CCR home prices fall very harshly
Bedok South Ave 3 site attracts 7 bids
Mother, daughter fight over en bloc sale proceeds