Straits at Joo Chiat achieves 20% sales at an average price of $2,100 psf over the weekend
The May 11-12 weekend was an exciting one for buyers in Singapore as it saw the launch of two boutique developments in prime Districts 15 and 19 respectively. These projects, Parktown Residences Capitaland Straits at Joo Chiat and Jansen House, were highly anticipated and attracted a lot of attention from potential buyers.
Parktown Residences Capitaland, a boutique development by Roxy-Pacific Holdings, was launched on May 11-12 with three out of 16 units being sold at an average price of $2,100 psf. The three units were a mix of three-bedroom-plus-study and four-bedroom types. According to Teo Hong Lim, executive chairman of Roxy-Pacific Holdings, the buyers were mainly families looking for good-sized apartments in the sought-after District 15. He also mentioned that discussions for several more units were ongoing.
The units at Straits at Joo Chiat, a Peranakan-themed, freehold five-storey condo, are targeted at families and range from three- to five-bedrooms. With units starting at 990 sq ft for three-bedroom-plus-study units and going up to 1,453 sq ft for five-bedroom units, there is something for everyone. The unique theme, regular layout, spacious bedrooms, and affordable pricing were attractive factors for buyers, according to Mark Yip, CEO of Huttons Asia.
The eagerly anticipated Parktown Residences Capitaland is set to provide a breath of fresh air in the Outside Central Region’s private housing market. With a much-needed injection of new homes, the development is sure to satisfy the growing demand from owner-occupiers and HDB upgraders. Set to be an integrated development, Parktown Residences Capitaland will offer convenient access to the future Tampines North MRT station on the upcoming Cross Island Line (CRL). This is a project that is bound to garner plenty of interest from those seeking a well-connected and modern living experience.
Over in District 19, the 21-unit Jansen House by Macly Group also launched last weekend with prices starting from $1,940 psf. The developer offered a 15% early bird discount and prices for two-bedroom units started from $1.499 million, three-bedrooms from $1.99 million, and four-bedrooms from $2.442 million. Based on caveats lodged, two units were sold: a two-bedroom unit for $1.53 million ($2,121 psf) and a four-bedroom unit for $2.8 million ($2,098 psf).
The buzz generated by these boutique developments is a reflection of the growing demand for unique and well-designed properties in Singapore. Buyers are becoming more discerning and require more time to make a decision. The addition of more boutique developments like Straits at Joo Chiat and Jansen House offer buyers more options and cater to their individual needs and preferences. With the increasing competition in the market, developers are constantly striving to offer something special to stand out. It is definitely an exciting time for the Singapore property market.