60% of Penrose condo units sold over launch weekend

Hong Leong says timing and sensitive pricing among main factors for the positive response The Hong Leong group sold 60.3 per cent of its Penrose condominium over its launch weekend, with the reception among buyers in line with recent data showing bullish new home sales defying the ongoing coronavirus pandemic. As of 5pm yesterday, 341[…]

New home sales surge to 11-month high in August

Analysts cite attractively priced launches, pent-up demand among reasons for increase Hungry ghosts were no match for hungry home buyers as new home sales jumped to an 11-month high last month, with developers selling 1,256 non-landed private homes, up 16.3 per cent from the 1,080 private homes sold in July. Year on year, sales were[…]

Dual-envelope tender launched for Jalan Anak Bukit site

SINGAPORE – The Urban Redevelopment Authority (URA) on Tuesday (June 30) launched a “dual envelope” tender of a choice site at Jalan Anak Bukit for a landmark residential and commercial development with a bus interchange to help rejuvenate the Beauty World area. The 3.2 hectare site in Upper Bukit Timah can yield 865 private housing units,[…]

Chip Eng Seng sells 77 units at Kopar At Newton condo

SINGAPORE (THE BUSINESS TIMES) – CEL Development, a fully-owned subsidiary of mainboard-listed Chip Eng Seng Corporation, has sold 77 units at the launch of its 378-unit Kopar At Newton condo project over the weekend. The 99-year leasehold project is located off Newton Circus. CEL executive director Michael Ng said the project average price is $2,350[…]

Wing Tai sells 70% of The M over launch weekend

SINGAPORE (THE BUSINESS TIMES) – Wing Tai Asia sold 70 per cent or over 360 units of its latest condominium project, The M, over the weekend, even amid the ongoing Covid-19 outbreak. Units were sold at an average price of $2,450 per sq ft. The M is the first major private residential development opened for[…]