CDL’s The Arte Sells Over 80% in Phase I

The Arte

The Arte by City Developments

Good news for sustaining the following month’s home sales index with the numbers The Arte has helped to crunch.

City Development has sold over 80% of its Phase I released units, which is 150 units out of its total 336, 44% of the overall numbers in the project. The median sold price for The Arte during the launch is at $880 psf, a very affordable and fair range for Thomson-Balestier area.

Home Sales Figure Holds Strong In March

Home sales figure reported for March breached the 1,000 figure again with 1,220 units sold, holding up strongly with projects such as Caspian, Double Bay Residences, Mi Casa and The Quartz, all priced below the $1,000 per square foot range.

The mid-tier market is still running the numbers, with many seeing this as a good opportunity to switch between HDB and private apartments as HDB prices are still holding where the private segment has been falling significantly from November 2008 till date.

About The Arte

The Arte (District 12), a freehold 336 apartment (2 blocks of 36 storeys) development by City Development, is well situated in Thomson within minutes driving distance to Central Business District, close proximity to both Novena and Toa Payoh MRT Station.

Within the radius are good schools and upcoming overseas universities. This development has a future niche be it on rental or for parents who are planning for their kids to enrol in good schools.

The expected TOP date for the Arte is in December 2012. You can download a pdf version of the brochure from here.

Written by Benson Koh
Benson Koh is a professional real estate realtor with over 9 years of experience specializing in all forms of real estate consultancy and brokeraging of different segments from regal homes to commercial spaces. Also a boutique developer, he manages bothSRI5000 Developments which concentrates on landed homes as part of his land bank segment and Singapore Realtors Inc (SRI), a real estate agency which has over 5 years of group experience. You can reach him here via various channels. [ Facebook | Linkedin | Twitter | RSS Feed ]