22 Jan '13, 1am

Buyers snap up units at Alexandra Central

Buyers snap up units at Alexandra Central 99-year leasehold commercial devt attracts overwhelming interest By Melissa Tan ALMOST every unit of a mixed development launched in Alexandra yesterday has been snapped up - a stark sign that buyers are turning to commercial property in the wake of new cooling measures. Only one of the 115 strata retail units released remained unsold as at 9pm yesterday after a dramatic day of sales that caught even the developer by surprise. It was estimated that at least 20 buyers on average were competing for each unit at the 99-year leasehold Alexandra Central, while a shop space on the third storey had as many as 155 interested buyers submitting blank cheques for a ballot. "I had strong confidence in the project but didn't expect it to do so well," said Chip Eng Seng group chief executive Raymond Chia. The units were sold at between $4,000 an...

Full article: http://forums.condosingapore.com/showthread.php?p=360045#...

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