Over the weekend, the RiverTrees Residences condominium in Sengkang (pictured) sold 220 of the 300 units launched for sale in the initial phase, or around 73 percent.
The project fronting Punggol Reservoir is being developed by a Frasers Centrepoint-led consortium and comprises 495 residential units.
According to the developer, the two-bedroom units and Cove Houses, a cluster of eight waterfront landed homes, were particularly popular.
Buyers included both first-timers looking to upgrade from a HDB flat and purchasing for their own stay, as well as investors.
An earlier report revealed that prices for the initial phase would range between $950 to $1,150 psf.
Cheang Kok Kheong, CEO of Frasers Centrepoint, said: “The strong sales bear testament to the beauty of RiverTrees Residences’ site and the attractiveness of the project’s excellent design. This also validates our belief that there is still depth in the market, and that there is robust demand for high quality homes at the right prices."
RiverTrees Residences is expected to TOP in 2018.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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