SINGAPORE - At least two freehold residential projects were rolled out last week. Hoi Hup sold 19 freehold cluster homes at The Whitley Residences at about $5 million each during a preview on Sunday.
The average price is about $850 per square foot (psf) on strata area - after a 12 per cent discount and absorption of the standard 3 per cent buyer's stamp duty.
Selangor Dredging is said to have moved 40-plus units at its five-storey condo, Village at Pasir Panjang.
A Hoi Hup spokeswoman said all buyers of the 19 units sold in The Whitley Residences were Singaporeans.
Non-Singapore citizens need permission from the Land Dealings (Approval) Unit to buy units in the development, as it is a form of landed housing.
The units sold comprise a corner terrace and 18 semi-detached houses.
The semi-Ds fetched $4.9 million (for a unit with a strata area of 6,125 sq ft) to $5.12 million (for a 6,071 sq ft unit).
The 6,620 sq ft corner terrace sold for $4.85 million.
Cluster housing developments are landed homes that have shared condo- like facilities.
At The Whitley Residences, these will include a clubhouse, pool, gym, hot spa and playground.