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.

HOT IN THE EAST - Seaside Residences preview crowd

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 NameAvg psf (Apr 2017)Min. Ask PriceSize (sqf)TenureRemarks
Marine Blue $ 1,5421.1M1+S 635-1270FH1+S can be used as 2 bed
Fulcrum $ 1,7831bed 978K
2D 1.95M
3bed 2.65M
1 bed & 1 loft 474 -818
2Duplex 1055
3bed 1346
FH1 bed & 2 duplex last unit.
3 bed last 3.
The Meyerise $ 2,1712bed $2M
3bed $2.74M
2bed 873sqf
3bed 1281-1313
FHFinal 19 units
8M Residences$ 1,9292bed 1.33M
3bed 1.67M
2bed 646
3bed 893
FHFinal 4 units
The line @ Tanjong Rhu $ 2,3821bed 965K
2bed 1.32M
3bed 2.13M
1bed 420
2bed 570-592
3bed 1055-1378
Seaside Residence $ 1,7001bed 885K
2bed 1.23M
3bed 1.6M
1bed 506
2bed 786-829
3bed 1087-1259

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