Robust property sales over weekend

Robust property sales over weekend

Buyers were out in force over the weekend to take stock of an influx of newly launched homes and commercial units in a mixed development.

Sales were particularly brisk at Jewel @ Buangkok, although KAP Residences in King Albert Park and Liv on Sophia near Dhoby Ghaut also fared well.

Knight Frank head of research and consultancy Alice Tan noted: "Buyers are interested to look at residential projects that have good location attributes, such as close proximity to transport nodes like MRT stations and good schools. Projects are likely to see healthy performance, provided they are priced reasonably."

Home-seekers took a shine to the Jewel with 203 out of 280 released units snapped up at its preview launch last Saturday.

Ms Tan noted: "To sell above a take-up rate of 70 per cent within one weekend is commendable."

The project near Buangkok MRT station has a total of 616 units and is priced at about $1,150 per sq ft (psf).

Developer City Developments (CDL) said two of the penthouses were among the homes sold, adding that "84 per cent of the buyers were Singaporeans, with a majority comprising young couples, PMEBs (professionals, managers, executives and businessmen) and HDB upgraders".

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