25 Sep '13, 2am

CapitaLand luring buyers with more affordable prices: Property giant Cap... property market

Property giant CapitaLand is set to launch its much-anticipated Sky Vue condominium this Saturday (28 September) and expects to see healthy interest from buyers. The 99-year leasehold project in Bishan Central comprises 694 units of one- to three-bedrooms and penthouses. Average prices are expected to range between S$1,380 psf and S$1,550 psf. Wong Heang Fine (pictured ), Chief Executive Officer (Residential), at CapitaLand, said: “Sky Vue will cater to young families looking for more affordable homes. There is no point pricing it at a level where people cannot afford to buy, so we are being reactive to the market.” Despite recent curbs on housing loans, including the introduction of the Total Debt Servicing Ratio (TDSR) framework in June, the response during the preview period which started on 4 September has been “pretty good”, Wong noted. “A major factor is the project’...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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