Launch of Florence Residences Will Set Tone for Record In Singapore
In between 400 and 500 units are anticipated to be released on March 2, depending on passion at the sneak peek this weekend break, said Mr Chng Chee Beow, executive director of Logan Property (Singapore).
” We are targeting a typical selling price of $1,450 per square foot.”
The 1,410-unit leasehold task in Hougang Avenue 2 consists of 9 18-storey towers. Devices vary from 474 square-foot one-bedders starting at below $700,000 to 1,668 square-foot five-bedders from $2.5 million. The two-bedroom systems will likely start under $900,000.
The project is being improved the website of the former Florence Rule and also will certainly have a resort-style, “club apartment” concept, including 15 themed structures, 12 clubs and 128 centers such as an 80-metre lagoon swimming pool. Florence Residences has set a new milestone in Singapore Real Estate
It will be an eight-minute stroll from Kovan MRT and near the upcoming Hougang Interchange terminal on the Cross Island line.
International Building Advisor chief executive Ku Swee Yong kept in mind: “If they can market 300 units in their initial weekend break of launch, that will certainly be rather good.
” The question is whether demand for the top Serangoon location has been soaked up by neighbouring tasks like Riverfront Residences, Affinity at Serangoon, Fondness at Serangoon, and also The Garden Residences.”
New Lunch condo Sengkang Grand Residences, Treasure At Tampines, Jadescape made big success in recent months.
Affinity at Serangoon has offered concerning 360 of the 650 systems released, according to developer Oxley Holdings.
Condominiums valued at over $2 million in the suburbs will likely encounter even more obstacles, claimed Mr Desmond Sim, head of study for Singapore and also South-east Asia for CBRE, including: “It will interest see if the huge devices will certainly move.” – THE STRAITS TIMES