24 Feb '14, 5am

220 units snapped up at RiverTrees launch - Property Auctions News, Property Investment

Over the weekend, the RiverTrees Residences condominium in Sengkang (pictured ) sold 220 of the 300 units launched for sale in the initial phase, or around 73 percent. The project fronting Punggol Reservoir is being developed by a Frasers Centrepoint-led consortium and comprises 495 residential units. According to the developer, the two-bedroom units and Cove Houses, a cluster of eight waterfront landed homes, were particularly popular. Buyers included both first-timers looking to upgrade from a HDB flat and purchasing for their own stay, as well as investors. An earlier report revealed that prices for the initial phase would range between $950 to $1,150 psf. Cheang Kok Kheong, CEO of Frasers Centrepoint, said: “The strong sales bear testament to the beauty of RiverTrees Residences' site and the attractiveness of the project's excellent design. This also validates our beli...

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

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