SINGAPORE – Buyers thronged the show flats at the latest residential launch here.
Principal Garden saw brisk sales, said UOL Group and Kheng Leong Company, which are jointly developing the 663-unit, 99-year leasehold condominium project at Prince Charles Crescent.
As at 4pm today, about 120 units, or 60 per cent of the 200 units released on the first weekend, were sold at an average price of above $1,600 per square foot.
“There was interest across all unit types. Out of the nine penthouses, five were snapped up,” said Mr Anthony Wong, general manager for marketing.
“In view of the strong interest, we will be releasing another 80 units, especially the three-bedroom stacks in the coming week to make up to 280 units for our initial launch.”
The starting price of a one-bedder was $770,000 while that of a three-bedroom unit was $1.7 million.
About 15 per cent of the buyers are foreigners.
“We believe there is an even spread between investors and owner occupiers,” noted Mr Wong.
Principal Garden’s four 24-storey apartment blocks are right next to the Alexandra Park Connector that extends towards the Singapore River and the Central Business District.
To capitalise on this, the developer is providing facilities for active lifestyle, including a shared bicycle facility, a substantial gym of 2,018 sq ft, including the Principal Sky Club on the 24th storey with its own infinity pool.