The 845-unit Commonwealth Towers in District 3 continues to see brisk sales since its first day of launch on 1 May, where an additional 100 units were released on top of the initial 300 due to strong demand.
As of 7 May, more than 65 percent of the 400 units have been sold. The most popular units are one- and two-bedders, which start from $721,000 and $965,000 respectively.
Ranging from 904 to 1,050 sq ft, the three-bedroom units start from $1.4 million, while the 4-bedroom units, measuring about 1,302 sq ft, start from $2.2 million.
Located along Commonwealth Avenue right next to Queesnstown MRT station, the project is a joint venture by Hong Leong Holdings, City Developments Limited (CDL) and Hong Realty.
Betsy Chng, Head of Sales and Marketing at Hong Leong Holdings said 90 percent of buyers are Singaporeans, while 70 percent of them are looking to invest.
She said, “Many of them are drawn to the development’s attractive location and its close proximity to neighbouring amenities. The project’s connectivity to various business hubs such as Jurong Regional Centre, One North and Raffles Place also makes this an attractive investment.”
Photo (by Hong Leong Holdings): Crowd at the Commonwealth Towers preview.
Muneerah Bee, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email muneerah@propertyguru.com.sg
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