Interest growing over $2m Executive Condominium unit

CityLife @ Tampines Site Plan

The $2 million-plus price tag does not seem to have dampened interest among potential buyers for a spacious executive condominium (EC) that hits the market tomorrow.

At least 12 people have expressed interest in the "presidential suite" at CityLife @ Tampines.

The prized unit comes with 4,349 sq ft of space, including a roof terrace of about 1,600 sq ft, and can be yours for an EC price record of $2.05 million.

Other large apartments at the 514-unit project also garnered healthy interest yesterday, the second day of the showflat preview. Bookings open tomorrow, with average prices of $770 per sq ft (psf).

The overall prices of some of the larger units are also pushing price boundaries. The six skysuites range from $1.36 million to $1.7 million, while the 16 penthouses start at $1.07 million and shoot up to the presidentially priced $2.05 million.

Skysuites are just below the penthouse floor and have four or five bedrooms, with a living or dining room that opens out to a wrap-around open terrace.

Potential buyers of such units The Straits Times spoke to are mostly Housing Board upgraders or young couples receiving financial assistance from their parents. Many also indicated they are planning for multi-generational living.

Source: The Straits Times –28 December 2012