Apartments at the Commonwealth Towers condominium were selling fast during the first day of launch yesterday, according to media reports. Out of the 300 units initially released, 175 were taken up as of 8pm, with over 100 buyers in the process of securing an option to purchase.
Due to strong demand, the developers extended the sales hours on Thursday and released an additional 100 units, revealed Betsy Chng, Head of Sales and Marketing at Hong Leong Holdings.
Located on Commonwealth Avenue with an overhead pedestrian linkway to Queenstown MRT station, the 99-year leasehold project comprises 845 units spread across two 43-storey towers.
One-bedders are priced from $721,000 ($1,635 psf), while the four-bedroom units are going for $2.2 million ($1,690 psf).
Expected to TOP in December 2017, the high-rise development is being jointly developed by three Hong Leong entities – City Developments (CDL), Hong Leong Holdings and Hong Realty.
Commonwealth Towers comes with full condo facilities such as a clubhouse, 50-metre lap pool, outdoor fitness area, lifestyle free-form pool and a hydrotherapy pool with an aqua gym. It also features four sky terraces that focus on wellness, relaxation and dining.
Moreover, the project is a short drive away from the PIE and AYE. It is also within proximity to shopping malls like IKEA, Anchorpoint and the upcoming Alexandra Central.
“Commonwealth Towers is located in a well-established residential estate. It is close to the upscale Tanglin precinct and a short drive to Singapore’s premier shopping district, Orchard Road. It is ideal for buyers who are discerning of location,” Chng noted.
Meanwhile, the Waterfront @ Faber residential project on the banks of Sungei Ulu Pandan held its preview yesterday.
Indicative prices for two-bedroom dual key units and its three-bedroom counterpart start from $863,000 and 1.125 million respectively. Four-bedders are in the range of $1.32 million, while the strata houses could fetch at least $2.48 million.
Consisting of 199 apartment units and 11 strata landed homes, the 99-year leasehold development is being developed by Aspial Corporation’s World Class Land.
Photo taken during the preview phase of Commonwealth Towers. (Source: Hong Leong Holdings)
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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