13 Dec '13, 4am

Prices at Singapore’s first retirement housing development appear to be on the high side

Prices at Singapore’s first retirement housing development appear to be on the high side, media reports quoting experts said. Indicative prices show a 398 sq ft to 431 sq ft one-bedroom may cost at least S$400,000, or around S$1,005 psf, while a 506 sq ft to 560 sq ft two-bedder could go for at least S$500,000, which translates to about S$988 psf. Two-bedroom dual-key units of 657 sq ft are likely to be priced from S$700,000, or approximately S$1,065 psf. Dubbed The Hillford , the project is located at Jalan Jurong Kechil and is being developed by Aspial Corp subsidiary, World Class Land. Set to launch on 10 January, the 281-unit project will also feature a 24-hour concierge service and 18 commercial units including a convenience store, food outlets, clinics and medical-related facilities. Analysts had expected units at the retirement resort to go for S$900 to S$1,100 psf....

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

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