Solid sales at Cairnhill Nine and The Wisteria
These two newly launched residential projects have reported brisk sales over the weekend; a sign that units within integrated developments remain popular despite of the lackluster housing market.
The Wisteria that is situated in Yishun sold more than 80% which is 116 of the 138 units released for sale. Its developer, Northern Resi, initially launched 108 units last 12th of March, ranging an average from $1,030 psf to $1,050 psf. Another 30 units were released due to an interest for the smaller units that lead to more sales.
“Buyers are drawn to this project because of its affordability and its convenience of being above a lifestyle mall,” according to Michael Leong, the project and marketing manager for The Wisteria.
This 99-year leasehold project features 216 condominium units in three nine-storey towers, above a 2-storey shopping mall. The Wisteria is expected to be completed by the end of 2018.
It is a 99-year leasehold condominium that is part of an integrated development that comes with a serviced residence, the Ascott Orchard Singapore.
The units that were sold are1-, 2-, and 4-bedroom units and penthouses, measures between 591 sq ft and 3,864 sq ft. The one-bedroom with a guest room units have been the most sold out to date, with 80 percent out of the 90 apartments sold.
Half of all the buyers of the projects are Singaporeans, while the rest are from Indonesia, Malaysia and China.
A spokesman from CapitaLand said: “We are pleased with the strong response to the VIP preview and official launch, and will be stepping up our marketing efforts by having road shows in cities such as Jakarta, Surabaya, Solo, Shanghai and Hong Kong.”