CDL sells 150 units at launch of Whistler Grand condominium in West Coastline

SINGAPORE – Whistler Grand condominium in West Coast bought off to a flying start off on the initial working day of its revenue start

Mentioned: Whistler Grand floor plan

Some one hundred fifty of 240 units launched yesterday – away from 716 models in overall – had been snapped up as of 5pm, its developer, City Developments Limited (CDL), told The Sunday Occasions.

CDL head of residence development, Ms Lee Mei Ling, cited “a combination of affordability, very good locale and design and style.” A lot of the units were being priced under the “sweet location of $1 million”, she additional.

Savills Singapore senior director Alan Cheong said: “The 150 units sold represent a 21 for each cent take-up amount, and that is healthier. Just after the full financial debt servicing ratio (TDSR) was released in 2013, the take-up fee was only about half of (yesterday’s) charge.”

Many first-time purchasers and en bloc sellers looking for replacement properties have been drawn by Whistler’s typical promoting price of $1,380 per square foot (psf). Particular charges started out from $608,000 for one-bedders. In Could, Twin Vew, also in West Coastline Vale, bought 87 per cent of 520 units at a median price of $1,385 psf.

“$1,380 psf can be a excellent number, making an allowance for the uncertainty more than the High-Speed Rail (HSR) project concerning Kuala Lumpur and Singapore, which used to be described as a offering level,” Mr Cheong reported.

PropNex affiliate group director Jarvis Goh thinks the HSR is barely 1 ingredient of the blueprint for the rejuvenation of the Jurong region which includes turning it into a second central small business district.

His client Jonathan Kee, forty, an engineer as well as a first-time dwelling purchaser, believes latest prices are eye-catching provided the redevelopment prospective clients in Jurong. He acquired a $700,000 one-bedroom unit at the two 36-storey 99-year leasehold tower task being an financial investment.

“Given that the upcoming rules on shoebox models will clamp down on source, and also as a result of the mortgage amount I can get, I prefer to order one now,” he explained.

Just one en-bloc vendor, who required to get known only as Mr Leow, 45, bought a three-bedroom device for $1.four million despite the fact that his present-day rental has not reached eighty per cent mandate to start for just a collective sale. “If the en bloc sale would not experience, we are going to offer our condo and move to Whistler,” he included.

PropNex Realty chief government officer Ismail Gafoor explained Whistler’s powerful choose up-rate exhibits that CDL’s “strategy to provide sensitive selling prices post-cooling measures is working”.

“Of the one hundred fifty expressions of interest that PropNex brokers acquired, more than eighty dedicated to buy, and that is a great conversion level. Commonly, the prosperous conversion price of expressions of curiosity to true get is about forty for each cent. But our agents had slightly over fifty for each cent prosperous conversion,” he explained.

Observers at the moment are eyeing the take-up level at impending sales launches of Woodleigh Residences on Nov 10, Kent Ridge Hill Residences and Parc Esta.