Singapore Property News This Week #96


43% of 99-year Urban Vista sold

250 or 43% of the 99-year leasehold 582-unit Urban Vista condominium project located at the junction of New Upper Changi Road and Tanah Merah Kechil Link has sold been at an average of $1,350 psf after a 7% discount. Units sold were mostly one- to three-bedroom units. There are 135 one-bedroom units, 249 two-bedroom units, 160 three-bedroom units and 37 four-bedroom units. Prices start from $588,000, $768,000, $1.1 million and $1.5 million for one-bedroom units (average area of 450 sq ft), two-bedroom units (average of 600 sq ft); three-bedroom units (average of 900 sq ft) and four-bedroom units (average of 1,050 sq ft), respectively. The take-up rate reflect genuine demand though had there not been the latest round of cooling measures, the developer could have  sold even more units at a price of more than $1,400 psf.

(Source: Business Times)

99-year …