iNZ Residence’s first day of booking over the weekend turned out to be a huge success as it sold almost 170 of its 497 units last Saturday, March 11. As the first executive condominium to launch this year in Singapore, this exquisite development by Qingjian Realty has set the bar for a very noteworthy sales kickoff.
All five-bedroom units were sold on that day, while only thirty percent of the four-bedroom units were left for other prospective buyers. This huge turnout for both unit types representing more than sixty percent of total sales only goes to show the huge demand for more expansive dwelling spaces.
Price for two-bedroom and four-bedroom units starts at $490,000 and $818,000, respectively. Five bedroom units, on the other hand, are priced between $1,188,000 to $1,321,000.
First time buyers pointed out that their main reason for purchasing a unit at iNZ Residence is the great value for their money, impressive furnitures and fixtures, excellent location, and enhanced security system.
Dominic Siew and Jade Lim, one of the first ones to select a unit, said they especially liked how their home security will intensify, thanks to the video intercom system. The young couple, both in their early 30s, purchased a three-bedroom unit with deluxe home package.
At the same time, Park Place Residences condominium at Paya Lebar Quarter saw a great inpouring of prospect buyers on the launch of its showflat over the weekend as well. This 99-year leasehold property’s showflat recently opened to the public last Saturday, March 11.
According to Tony Lombardo, CEO of Park Place Residences’ Australian property developer Lendlease, the astounding response to their showflat on opening day only goes to show the high regard for the development’s quality, location, and the property itself.
This 429-unit condominium will sell its 78 three-bedroom units starting from $1,600,000 and its 234 two-bedroom apartments from $1,000,000. Meanwhile, its 117 one-bedroom units will be priced from $780,000.
Paya Lebar Quarter’s Managing Director Richard Paine said that globally, Lendlease’s developments, residential ones in particular, have historically been lowest during the first chapter of its sale.
Potential Park Place Residences unit buyers still have a chance to submit their expressions of interest until March 20 before the official launch on March 25.