More than half of the units at the 380-unit Dunearn House, the first condominium to launch in the new Bukit Timah Turf City precinct, have been sold following the end of the project’s sales weekend from July 25 – 26.
According to various marketing agencies, at least 212 units (56%) were snapped up by buyers, with the Three-Bedroom and Three-Bedroom + Flexi units selling out completely. Meanwhile, nearly three-quarters (43 units) of the Two-Bedroom + Study were sold, with buyers also picking up 89% of the Four-Bedroom units.
Overall, the project set an average selling price of $3,140 psf.
Buying demand was fuelled by owner-occupiers who jumped at the chance to own the first new condo in the new precinct, aiming to capitalise on the long-term uplift that would likely accompany the new public-private residential district. There was also pent-up demand for new 99-year leasehold condos in Bukit Timah, which also contributed to the overall buying demand for Dunean House....