Hot in the East
Large crowds were seen at the Seaside Residences show suite over the weekend. Long queue were formed outside the show room and it took around half an hour before you can enter. Property market is turning hot in the east.
The 843-unit Seaside Residences condominium at Siglap Link has attracted strong buyer interest, with close to 400 units sold during the first weekend of its official launch on 22 and 23 April.
“The strong sales in this launch phase indicate that buyers value the rare and premium sea fronting location of Seaside Residences,” said Mr Christopher Tang, chief executive of Frasers Centrepoint Singapore.
It is the 3rd private condo project launched in the east this year. The other two projects launched one month earlier were: Grandeur Park Residences in Tanah Merah and Park Place Residences in Paya Lebar.
As at March 31, Grandeur Park Residences sold about 67 per cent, and Park Place Residences cleared nearly 51 per cent. All properties launched in the east have received overwhelming interest from buyers.
Buyers who have particular interest in the east coast area, may check out below new launches as well. As we can see from this table, new launch supply in the east coast is rather limited. Most projects are either close to fully sold or left with not many choice units.
|Project Name||Avg psf (Apr 2017)||Min. Ask Price||Size (sqf)||Tenure||Remarks|
|Marine Blue||$ 1,542||1.1M||1+S 635-1270||FH||1+S can be used as 2 bed|
|Fulcrum||$ 1,783||1bed 978K
|1 bed & 1 loft 474 -818
|FH||1 bed & 2 duplex last unit.
3 bed last 3.
|The Meyerise||$ 2,171||2bed $2M
|FH||Final 19 units|
|8M Residences||$ 1,929||2bed 1.33M
|FH||Final 4 units|
|The line @ Tanjong Rhu||$ 2,382||1bed 965K
|Seaside Residence||$ 1,700||1bed 885K
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