The development is the first private residential project to be launched since the latest round of property cooling measures kicked in last weekend.
The most popular units were the "one- to two-bedroom suites", followed by the three- and four-bedroom "Verandah Homes" for large families and the TRIO units.
In a statement, Cheang Kok Kheong, chief executive officer of Frasers Centrepoint Homes, said: "They were mainly first-time buyers intending to use the property for their own stay. We are encouraged by the response, and expect more purchases by families tomorrow, at our official launch."
The 630-unit project is a joint venture by Frasers Centrepoint, Far East Organization and Sekisui House.
Q Bay Residences was launched at an average selling price of $985psf ppr, from an originally planned price of $1,050psf ppr. This was after a 15% discount and a 7% stamp duty discount.
The additional buyer's stamp duty (ABSD) is imposed on Singaporeans purchasing their second and subsequent home, as well as permanent residents who purchase a home in Singapore.
Source: Channel News Asia
Looks like the discounts given did help to maintain buying interests somewhat...