26 Sep '16, 8am

The Alps Residences likely to be priced at S$900-1,200 psf

SINGAPORE-BASED Chinese developer MCC Land is opening its showflat for 626-unit The Alps Residences this Saturday. Sources say that the 99-year leasehold condominium project in Tampines will be priced in the range of S$900-1,200 per square foot (psf). It is also marketing the upcoming launch of Queens Peak at Dundee Road for HY Realty. This 736-unit project near Queenstown station is likely to begin sales next month. The two projects have a significantly higher number of units than the originally estimated 490 units and 645 units respectively. MCC Land secured the Tampines site in May last year for S$227.78 million or S$483 per square foot per plot ratio (psf ppr) - a bid seen as defensive by property consultants at that time to protect the pricing power for its nearby condo project The Santorini where it had sold close to 40 per cent of the 597 units by the end of August....

Full article: http://www.srx.com.sg/singapore-property-news/24332/the-a...

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