Originally Posted by bargain hunter
In the CBD, United Industrial Corporation (UIC) is said to have moved close to 50 units at its V on Shenton project, taking total sales in the project to over 140 units. UIC began selling the project on July 20.
The average price for the 99-year-leasehold project is $2,200 per square foot (psf). UIC has released about 190 of V on Shenton's 510 residential units, which will be in a 54-storey tower.
Absolute prices start from just under a million dollars, for a city-facing studio unit of 441 sq ft on the 17th floor. UIC is said to have sold one of the project's six penthouses for $13.5 million.
The duplex unit is spread across levels 52 and 53. Four bedrooms and the living area are on the lower level, while the upper level is mostly roof terrace except for a family room. The unit's strata area is 7,255 sq ft inclusive of the roof terrace.
Buyers are said to be mostly Singaporeans, with others from Indonesia, China and India.
The showflat is on the ground level of The Gateway on Beach Road.