Queens Peak's 736-unit condo task at Dundee Road, has actually been warmly welcome by customers, more than two hundred units transacted during over the weekend. One and two-bedroom units accounted for 90 percent of all the devices sold, while the project's average rate stands at $1,632 psf. The most affordable negotiated rate was $1,406 per square foot.
The smaller sized systems at Queens Peak are concentrated on the reduced floorings to keep the quantum low for financiers, while Parc Riviera has similar system types from the lowest to the highest floorings.
The developer associated the motivating sales to the project's good connectivity to the close-by Queenstown MRT terminal, as well as that all devices are at the very least eight floors above ground.
We have obtained responses from buyers that Queens Peak is a magnificently priced city edge task made affordable for mass condo buyers," claimed Tan Zhiyong, Supervisor of MCC Land.
On the other hand, the 752-unit Parc Riviera at West Coastline Vale transacted more than 100 units last weekend, offering a "one-tier prices plan" for units discovered on the most affordable floor to the 15th flooring, reported Business Times.
Lim clarified that it would be challenging for a task making use of PPVC to have various system kinds piled on top of another as this would certainly require transfer light beams as well as columns to be set up on each flooring.
While place may have contributed in the project's sales performance, EL Development Managing Director Lim Yew Soon noted that the fashion through which smaller sized devices were dispersed in the job could have additionally been a variable.
"We took rather a high price cut for the units on the greater floorings so we can't maintain doing it regularly," he said. "We are not preparing for more price cuts now. Based upon the initial prices, it's still attractive.". He also revealed that the task will return to its initial catalog.
With the average price at $1,150 psf, more than 95 percent of units transacted are those that come under the one-tier pricing scheme. Around 80 percent of purchasers went with the one or two bedroom type.
The scheme, which was originally intended to be used just on Saturday, did not generate further interest when it was reached Sunday, with just a few even more units sold.