27 May '16, 7pm

Asia #Business ~ Gem Residences sells 300 units within four hours - PropertyGuru #Singapore

Visitors at the sales gallery of Gem Residences. (Photo: GEM Homes) Around 300 units at the 578-unit Gem Residences in Toa Payoh were snapped up during its VIP sales booking on Friday (27 May), bucking the trend of slow developer sales in the private housing market. Queues began forming at around 8am in the morning. Jointly developed by Gamuda Berhad, Evia Real Estate and Maxdin, this is the first private condominium to launch in the area in seven years. A mix of one- to five-bedroom units and two penthouses are available, with sizes ranging from 452 sq ft to 2,045 sq ft. Prices start from $578,000 for a one-bedder up to approximately $1.9 million for a five-bedder. The project has an average price of $1,426 psf, slightly lower than its indicative pricing of $1,480 psf. Since the showflat at Lorong 5 Toa Payoh opened to the public in end-April, there have been more than 2,...

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

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