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Thread: 70% of apartments released in New Futura Phase 2 sold

  1. #1

    Default 70% of apartments released in New Futura Phase 2 sold

    70% of apartments released in New Futura Phase 2 sold

    Luxe Leonie Hill condo sells 21 of 30 units released over the weekend in its North Tower at an average S$3,500 psf

    Wed, May 16, 2018

    Yunita Ong


    LUXURY condo New Futura has seen 21 of 30 units released over the weekend at its 60-unit North Tower snapped up at an average selling price of over S$3,500 per square foot (psf), City Developments Limited (CDL) said in a statement on Tuesday.

    A majority of the units during this second phase soft-launch were bought by permanent residents and foreigners, and these were the larger apartments of up to S$10 million each, said CDL, which started previews on May 11.

    CDL has also seen what it called "robust demand" for New Futura's South Tower which was soft-launched in January under its Phase 1, it said in a statement on Tuesday.

    At the 64-unit South Tower, 62 apartments or 97 per cent have been sold with an average selling price (ASP) of over S$3,350 psf. This included the 7,836 square feet (sq ft) penthouse which sold for S$36.28 million or S$4,630 psf.

    72 per cent of the buyers were foreigners and permanent residents, mainly from Asia including China, Indonesia, Malaysia and South Korea.

    North Tower's penthouse, also the same size as the one at South Tower is still available for sale.

    Totalling 124 units in all, the 87,034 sq ft freehold New Futura is located on Leonie Hill Road in Singapore's prime District 9 and is designed by Skidmore, Owings & Merrill LLP.

    Besides the two 5-bedder penthouses, it boasts 28 two-bedders between 1,098 to 1,367 square feet and 54 1,830 sq ft 3-bedders.

    There are also 20 four-bedroom units at 2,250 sq ft and another 20 with higher ceilings in the dining area, which take up 2,691 sq ft.

    All the units have private lift access, and the penthouses also come with a a 13-metre private pool, sauna and shower by the pool deck.

    New Futura also has a two-level basement carpark with over 250 luxury and ultra-luxury lots, designed to be extra wide to accommodate super cars.

    "The Singapore residential market has continued to show promising signs of recovery. Propelled by pent-up demand, sales volumes are strengthening and property prices are trending up especially for high-end projects with a strong value proposition," Chia Ngiang Hong, CDL's group general manager, said in a statement. "Foreigners are also returning to invest in Singapore's high-end property market given the city's attractiveness, economic stability, price recovery and value."


  2. #2

    Default

    21 of 30 New Futura units sold over weekend

    May 16, 2018


    The upmarket New Futura condo has sold 21 of the 30 units released over the weekend at its 60-unit North Tower.

    They were snapped up at an average price of around $3,500 per sq ft (psf), said developer City Developments Limited (CDL) yesterday.

    Most of the buyers in this second-phase soft launch were permanent residents (PRs) and foreigners, who targeted the larger apartments of up to $10 million each.

    CDL, which began previews on May 11, said it has also seen "robust demand" for the 64-unit South Tower that was soft launched in January. It has sold 62 apartments, or 97 per cent, at an average price of around $3,350 psf. This included the 7,836 sq ft penthouse, which went for $36.28 million or $4,630 psf.

    CDL said 72 per cent of the buyers were foreigners and PRs, mainly from Asia, including China, Indonesia, Malaysia and Korea.

    North Tower's penthouse, which is the same size as the one at South Tower, remains unsold.

    The freehold New Futura in Leonie Hill Road in prime District 9 has 124 units in all.

    Besides the two five-bedroom penthouses, it has 28 two-bedroom units of 1,098 sq ft to 1,367 sq ft, and 54 three-bedroom units of 1,830 sq ft. There are also 20 four-bedroom units of 2,250 sq ft and another 20 of 2,691 sq ft with higher ceilings in the dining area.

    All units have private lift access, and the penthouses come with a 13m-long private pool, a sauna and a shower by the pool deck.

    There is also a two-level basement carpark with more than 250 parking spaces.

    "The Singapore residential market has continued to show promising signs of recovery," CDL group general manager Chia Ngiang Hong said in a statement.

    "Propelled by pent-up demand, sales volumes are strengthening and property prices are trending up, especially for high-end projects with strong value proposition.

    "Foreigners are also returning to invest in Singapore's high-end property market, given the city's attractiveness, economic stability, price recovery and value."


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