24 Units Sold During The Launch Weekend
Developer Hong Leong Holdings has actually sold 24 systems out of the 50 it released over the launch weekend break of its Midwood condominium, reported The Business Times.
The 99-year leasehold task’s house dimensions range from 484 sq ft for single-bedroom devices to 1,259 sq ft for four-bedroom systems. Marketing costs varied from S$ 1,560 to S$ 1,750 per square foot during sales performed on the launch weekend (26 and 27 October).
Found at Hillview Rise as well as near the Hillview MRT terminal, the 564-unit residential property makes up 2 29-storey residential blocks and also will certainly have an on-site child care centre and also 50-metre rooftop infinity pool.
In in between the two blocks stands a six-storey block featuring a 569-lot carpark, an attaching web link bridge and also a club.
“While our appealing prices could be one of the reasons for the strong turnover, our company believe that Midwood’s area and also unique condominium facilities such as the child care centre become part of Midwood’s mass market appeal,” said Betsy Chng head of sales and also marketing for Hong Leong Holdings.
“A majority of our buyers are Singaporeans while others see this as a good investment due to its close closeness to the MRT station,” she included.
It is the first condominium to launch on a Government Land Sales (GLS) website covered by the Principle and also Price Profits tender strategy, where the winning prospective buyer is picked based on principle and also development construction mostly, complied with by the price in the envelope.
Various other freshly launched/soon-to-be-introduced homes in the location include the estate Mont Botanik House and the upcoming Dairy Farm Residences, a 99-year leasehold task along Dairy Farm Roadway.