Friday, July 06, 2012

Slew of new projects launching in coming weeks

A string of new projects will be coming onto the market in the next few weeks, offering buyers more housing options.

City Developments Limited (CDL) and Hong Realty are expected to launch their 99-year leasehold Haus@Serangoon Garden (pictured) next week. The landed housing project which has Green Mark Platinum status will feature 97 terrace houses at an estimated cost of S$2.5 million to S$3 million each.

At the same time, Capitol Investments plans to release part of the 39-unit Eden Residences Capitol, either later this month or in early August. Comprising penthouses, garden villas as well as three- and four-bedders, the 99-year leasehold units are on levels three to 11 of a tower located next to Capitol Theatre. Market watchers expect prices to be around S$3,000 psf.

United Industrial Corporation is also expected to launch V on Shenton (or Five on Shenton) by the end of this month. The 54-storey project will house 510 apartments, ranging from studios, three-bedders and penthouses. According to sources, average pricing for the 99-year leasehold project ranges from S$2,300 psf to S$2,500 psf.

Meanwhile, Koh Brothers is likely to preview its Parc Olympia project at Flora Drive next week. The 99-year mass-market condo development is expected to have an average price of around S$880 psf to S$900 psf.

Parc Centros by Wee Hur Holdings is also set to launch with average prices estimated at around S$950 psf. The 16-storey condo will comprise one- to five-bedroom apartments and penthouses.

Allgreen Properties could roll out two projects in the coming months, The Sorrento on West Coast Road and the 928-unit Riversails at Upper Serangoon Crescent. The five-storey freehold Sorrento will comprise of 131 one- to three-bedroom units, with average prices expected at around S$1,300 psf to S$1,400 psf. As for the 18-storey Riversails, it will offer one- to four-bedroom apartments, with average prices likely to be around S$850 psf. 

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