The newly-launched Urban Vista condominium (pictured) has seen keen interest from buyers, with 250 of the 310 units released (over 80 percent) sold at its three-day weekend preview.
Jointly developed by Fragrance Group and World Class Land, apartment prices ranged from S$588,000 for a one-bedroom unit to about S$1.47 million for a four-bedder. Notably, an additional seven percent discount was provided to offset the stamp duty hike and other measures.
In a statement, the developers said most buyers were professionals working in the finance industry at nearby Changi Business Park. Investors also bought units due to projected good rental demand and yield given the project’s prime location.
Urban Vista is within close proximity to Tanah Merah MRT station and a future commercial hub. It is also well-connected to Bedok Market, Bedok Point Shopping Centre, Changi General Hospital and several schools.
Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
Related Stories:
New condo to launch at popular hotspot
CDL sees overwhelming response to Pasir Ris condo
Condos in east see strong buyer demand