Mid Tier Developments Moving After Chinese New Year
Over the recent two weeks, we’ve heard Fraser’s Centrepoint Jurong Lake District Caspian condo selling well (over 60% sold of their 712 units) and Alexis @ Alexandra (of 293 units) by Yi Kai and Fision Group sold out in 3 days.
This shows our HDB upgraders and property speculators are still around despite the midst of the worst economy crisis that has ever happened to Singapore. While it’s a relief that the cash is still there, some of the buyers of Alexis has been seen trying to flip their just bought options for profit (Interest Absorption Scheme was offered and the owners are allowed to have 3 weeks to decide whether to take up loans from the exclusive bank)
With the successful launch momentum that Alexis and Caspian enjoys, Guocoland grabs the opportunity to re-launch its remaining units at The Quartz with a 10% discount on its tag (around 595psf). The Quartz is a 625 unit strong condominium residing near Buangkok MRT Station and has a balance of 182 units till date.