Despite the challenging operating environment, Jewellery and property group Aspial Corporation are pleased to announced that the 210 units of the Waterfront @ Faber is already sold out reaching a total of $275 million in sales revenues.
Waterfront @ Faber is a 162,000 square feet low rise waterfront residential development located along Faber Walk and fronting river Sungei Ulu Pandan. It is a forest-themed development close to Jurong Lake District.
Developer expects to get a substantial payout after the project reached its TOP in the first half of next year.
Meanwhile, Aspial stands to earn around $100 million in cash in next coming months, by which it can be used to cut down debt.
The developer's financial standing is also seeming to improve more once The Hillford and Kensington Square are completed by the end of the year.
Written by Siang Teck of Property Review. I can be contacted at [email protected]
