Property
Where is the ‘gem’ at Gem Residences?
By Property Soul  •  June 13, 2016
Driven by the recent hype over the launch of Gem Residences, I decided to visit the sales gallery last Sunday. It would be interesting to find out from the horse’s mouth the stories of the project. For examples, 1. 1,449 cheques were collected before the launch but only 360 buyers showed up on the launch day, with 51 percent of the 578 units (i.e. 295 units) sold. 2. The plan to give away cheques of S$7,500 or S$10,000 to offset the 5 percent booking fee was scrapped last minute and replaced with branded kitchen appliances. 3. The triple-key units with a kitchen in each of the 3 sub-units were not approved by the authority. They are now called the “Trios” (instead of Tri-key) with separate entrances but only one kitchen. Disclaimer: I am not from the developer, marketing agent or any stakeholder of the project. As a fellow buyer ......
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By Property Soul
I have developed a strong passion for properties since young. In my 20s, I was relocated to Singapore where I bought my first condominium unit at the end of 2002. I added four more to my property portfolio in 4 ½ years’ time. I never expected their total value could be doubled in just a few years.
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