Project Sales status: Riversound Residence, The Nautical & The Hillier

It's another weekend of "steady crowd, few buyers" again.

Riversound Residence
At Qianjian Realty's 590-unit Riversound Residence in Sengkang East Avenue, about 10 apartments were sold at an average price of $850psf, bringing total sales to more than 60 units since the project was launched the previous weekend.

Mr Zuo Haibin, teh firm's managing director, said the effect of the cooling measures had been keenly felt. Even though many people have expressed interest, few have made a firm committment.

"Our aim now is to sell about 60 to 70% of the 200 units that make up the project's first phase within three months. Had the measures not been implemented, we would probably have sold that many within a month," he said.

The Nautical
Hao Yuan Investment's 435-unit project in Sembawang Road, sold about 15 more units at an average price of $850psf over the weekend. Total sales thus came to about 150 units.

The Hillier
Far East Organization moved another 36 units at The Hillier, its 528-unit project in Upper Bukit Timah. The overall sales tally rose to 332 units, with the price averaging $1,205psf.

Source: The Straits Times

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