12 Dec '16, 7am

Sales of upmarket condo units perk up

Sales of upmarket condo units perk up

Singapore-listed property developer GuocoLand has sold all the 210 units in its Bukit Timah condominium project Goodwood Residence . The company, controlled by Malaysian tycoon Quek Leng Chan, told The Straits Times last Friday that it has moved its last three penthouses in the development, although it declined to reveal the timeframe in which these were sold. The three penthouses, which range between 3,900 and 9,600 sq ft, were sold to both Singaporeans and foreigners at prices between $6.5 million and $14.23 million, said the company via e-mail. A spokesman said that the average price per sq ft (psf) at the development was about $2,300. He added that no deferred payment system or sweeteners were given for the last few units. He said that about 70 per cent of the buyers were buying for investment Separately, the GuocoLand spokesman said that its other freehold completed p...

Full article: https://www.srx.com.sg/singapore-property-news/28802/sale...

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