Whitley Residences, The Village previewed

Whitley Residences

At least two freehold residential projects were rolled out last week. Hoi Hup sold 19 freehold cluster homes at The Whitley Residences at about $5 million each during a preview on Sunday. The average price is about $850 per square foot (psf) on strata area - after a 12 per cent discount and absorption of the standard 3 per cent buyer's stamp duty.

Village @ Pasir Panjang

Selangor Dredging is said to have moved 40-plus units at its five-storey condo, Village at Pasir Panjang.

A Hoi Hup spokeswoman said all buyers of the 19 units sold in The Whitley Residences were Singaporeans.

Non-Singapore citizens need permission from the Land Dealings (Approval) Unit to buy units in the development, as it is a form of landed housing.

The units sold comprise a corner terrace and 18 semi-detached houses. The semi-Ds fetched $4.9 million (for a unit with a strata area of 6,125 sq ft) to $5.12 million (for a 6,071 sq ft unit). The 6,620 sq ft corner terrace sold for $4.85 million.

Cluster housing developments are landed homes that have shared condo-like facilities. At The Whitley Residences, these will include a clubhouse, pool, gym, hot spa and playground.

The District 11 project is near the upcoming Mount Pleasant Station under the Thomson Line. All 61 units in the development span four levels, including a basement and attic, and each has its own lift.

The project comprises 58 semi-Ds and three terrace homes - all with five bedrooms.

Strata areas of the semi-Ds are 5,156 sq ft to 7,190 sq ft. Following the sale of a corner terrace unit, the remaining corner unit of 6,448 sq ft (priced at $4.8 million) and a 4,801 sq ft intermediate terrace house costing $4.3 million are available.

Strata area includes car parking area, private enclosed space lift, void areas and roof terrace.

For its preview, Hoi Hup released 27 semi-Ds and all three terrace units.

Selangor Dredging began previewing Village at Pasir Panjang condo on Friday, and is said to have found buyers for 40-plus of the 80 units it has released in the 148-unit project. The average price is understood to be around $1,650 psf for typical apartments, which do not have private enclosed space or roof terrace.

Village is a five-storey project - comprising two to four-bedroom apartments, and penthouses.

In the executive condo (EC) segment, Kheng Leong has sold 230 units at The Topiary in the Seletar location. The average price is said to be around $720 psf.

Sales bookings for the 700-unit project began on Friday.

All 16 penthouses in the development were snapped up in the first one- and-a-half hours. Priced at between $1.3 million and $1.5 million, the penthouses range from 1,970 sq ft to 2,476 sq ft.

Kheng Leong is developing The Topiary jointly with Qingjian Realty. The project is being marketed by ERA and CBRE.

From Dec 21 to 26, Hao Yuan Investment is expected to accept e-applications for Forestville EC at Woodlands Avenue 5 - next to the completed La Casa EC.

The average price is expected to be above $700 psf. MCC Land is Hao Yuan's development and marketing consultant, in addition to being its main contractor for the project's construction.

Forestville will have two to five-bedroom apartments. Dual-key units will make up 30 per cent of the 653 units.

In addition, there will be 29 penthouses - ranging from 1,550 sq ft to 2,756 sq ft. Hao Yuan is offering "a holiday bonanza" package to draw buyers.

It will absorb the first-year maintenance fees. It has also tied up with StarHub to offer fibre-optic broadband service, a basic cable TV package and a fixed-line service - all free for the first three years.

ERA and PropNex are marketing Forestville.

Source: Business Times –11 December 2012