New condo proving a hit with buyers - Property Auctions News, Property Investment | PropertyGuru

New condo proving a hit with buyers #PR

Dec 31, 2012 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share By Romesh Navaratnarajah : The 508-unit Echelon condominium development (pictured ) at Alexandra View received strong interest from home buyers, with 80 percent or 200 of the 250 units released sold on the first day of preview last Friday. Developed by a joint venture led by City Developments Limited (CDL), the project features two 43-storey towers comprising one- to four-bedroom units, executive loft units and penthouses. Priced at an early bird average of S$1,700 psf, this translates to about S$800,000 for a one-bedroom unit all the way up to S$7.15 million for a penthouse. Initially, there were only 218 units planned for release but this was increased to 250 due to keen interest. “The strong demand for Echelon is reflective of its premium location. It offers the best of both worlds – close prox...

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