The Edge has a brand new weekly column on deals done on Singapore property market that gives you a good indicative on how most of the condominium project prices are doing from District 1 – 28.
This week, the property article is focused on Balestier and Thomson boundary with the recent hype of old developments of Lok Cho, Comfort Mansion and some walkups along Jalan Raja Udang have been torn down for the latest buzz project The Arte by CDL. The Domus, I-Residences, D’Mira and the Mezzo is also being mentioned.
The Arte sales has been moving and has sold 60 units till date with a mean average price of $880psf, out of the 100 units released of the total number of 336 (which means its about 17.5% sold).
Most units sold are smaller 2 – 3 bedrooms, but with sizes which are bigger compared to recently launched projects. Location of The Arte @ Thomson is well appreciated as it’s within minutes of driving distance to town.
The Arte’s developer CDL is also offering Interest Absorption Scheme to buyers. Potential buyers who are interested in the layouts and details of The Arte can download this pdf. CDL will be launching more units this weekend for sale.
Mid-tier markets are now moving healthily with numbers as developers are taking advantage of the recent better sentiments in the market with the success of Caspian, The Alexis that pushed February 2009 overall home sales to a very healthy level. We should expect good numbers for March 2009 as well.
There’re many new launches and relaunches in the pipeline waiting to tap the craze. These includes:-