This 99-year leasehold project by Keppel Land in Sengkang has sold 180 of the 220 units launched since its preview launch on Aug 26, at an average price of $980psf. The penthouse and ground-floor units are fully sold.
When completed in 2015, The Luxurie will comprise 622 apartments, ranging from one to four-bedroom units as well as penthouse units. Most are two- and three-bedders.
The Luxurie's pricing is similar to that of neighbouring mass-market development H2O Residences by City Developments, but its proximity to Sengkang MRT and bus interchange makes The Luxurie more attractive, said DMG and Partners Research. The Sengkang Public Library and Community Hub are also nearby, as are CHIJ St Joseph's Convent and Rivervale Primary.
Comparable projects in the area include Kovan Residences, located along Kovan Road, which had a recently transacted price of $1,180psf; and Boathouse Residences, located along Upper Serangoon Road, which was recently transacted at $880psf.
The freehold development by Hong Leong Holdings in Meyer Road has racked up about 80 sales since its preview started last Friday. Singaporean and permanent residents comprised about 90% of all buyers. The project in District 15 has 239 units, a mix of two-bedroom, three-bedroom, four-bedroom and penthouse units. The average price was $1,950psf, with three-bedroom units the most popular among buyers - nearly half the units sold were three-bedders. Unit prices ranged from $1,400 to $2,540psf.
The MeyeRise is minutes away from Parkway Parade and Katong Shopping Centre, with Playground@Big Splash and East Coast Park also nearby.
There were 24 units shifted at EuHabitat in Jalan Eunos over the weekend, bringing the total number of sales to 472 out of the 548 apartments available.
Prices range from $880 to $1,200psf.
Another 20 homes were sold at Boathouse Residences in Upper Serangoon over the weekend.
Source: The Straits Times/Business Times