Singapore-recorded property designer GuocoLand has sold all the 210 units in its Bukit Timah apartment suite extend Goodwood Residence.

The organization, controlled by Malaysian investor Quek Leng Chan, disclosed to The Straits Times last Friday that it has moved its last three penthouses in the improvement, in spite of the fact that it declined to uncover the time period in which these were sold.

The three penthouses, which run in the vicinity of 3,900 and 9,600 sq ft, were sold to both Singaporeans and outsiders at costs between $6.5 million and $14.23 million, said the organization through email.

A representative said that the normal cost per sq ft (psf) at the improvement was about $2,300. He included that no conceded installment framework or sweeteners were given for the last couple of units.

He said that in regards to 70 for every penny of the purchasers were purchasing for venture.


Enthusiasm for top of the line properties may have enhanced as of late, yet it is predominantly determined by an incentive for cash snap-ups.

MR ONG KAH SENG, R’ST Research executive.

Independently, the GuocoLand representative said that its other freehold finished venture, the 381-unit Leedon Residence, is offering great.

Around 100 units are left, with a normal cost for every sq ft of marginally underneath $2,000. The improvement has two-, three-, four-and five-room units, with costs from $2.3 million.

The organization as of late sold six five-room units at costs going from $8.5 million to more than $10 million, in spite of the fact that it declined to uncover the time period. The representative included that the gathering is investigating the possibility of a mass buy for the rest of the units.

GuocoLand’s next top of the line private venture here will be a 450-unit townhouse in Martin Modern Condo Martin Place a site it secured in June.

Investigators were carefully hopeful about the top of the line property advertise.

Mr Ong Teck Hui, JLL Singapore’s national chief for research and consultancy, said that the portion has grabbed for the current year. Contrasted and a year ago, there has been a 80 for each penny increment in exchanges of non-landed homes with costs of $2,000 psf or more, he noted, refering to provisos stopped.

Mr Ong Kah Seng, R’ST Research executive, said the offers of the two GuocoLand undertakings were empowering.

Nonetheless, he noticed that the enhanced conclusion was to a great extent because of expanded open doors for purchasers, instead of general positive thinking in the top of the line advertise.

“Enthusiasm for top of the line properties may have enhanced as of late, yet it is mostly determined by an incentive for cash snap-ups,” he said.

“I won’t figure that speculators are seeing, or putting money on, huge capability of venture comes back from top of the line properties.”

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