15 Nov '13, 11am

Strong response to DUO Residences preview - Property Auctions News, Property Investment

The residential component of the integrated development DUO located in Bugis has received overwhelming response during preview sales which started on Wednesday. According to the developer M+S Pte Ltd, more than 2,000 prospective buyers expressed early interest in the 660-unit DUO Residences and long queues were seen at the showflat. As of 3pm on Friday, over 85 percent of the 540 units released in phase one were sold at an average price of around S$2,000 psf, with the highest psf price achieved at over S$2,600 for a studio apartment. Prices for the studio apartments start from S$902,000. Singaporeans accounted for 78 percent of buyers at the 49-storey project, Malaysians 16 percent and other nationalities six percent. Kemmy Tan, Chief Operating Officer at M+S said: “A significant number of foreigners have bought into DUO Residences, which reflects the global appeal of the ...

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

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