[url]http://www.businesstimes.com.sg/sub/suite/story/0,4574,422267,00.html?[/url]

Published January 18, 2011

[B][SIZE="5"]Developers report sales over the weekend[/SIZE][/B]

[B]Roxy-Pacific rolls out Spottiswoode 18 project today[/B]

By UMA SHANKARI


PROPERTY groups continued to report deals yesterday. Oxley Holdings, which launched its [email protected] over the weekend, said that it has sold 22 out of the 36 residential units and three out of the five shop units available at the project.


[SIZE="1"]Coming up: Spottiswoode 18 will be built on the site which now houses Dragon Mansion [/SIZE]

The 22 apartments, which range in size from 377 square feet to 1,001 sq ft, were sold for an average selling price of $1,255 per square foot (psf).

The three shop units, which range from 269 sq ft to 312 sq ft, were sold for an average selling price of $2,400 psf.

Sales at other projects were also reported over the weekend. Far East Organization said in an update on Sunday that it sold 18 units over the weekend across its mid and high-end projects. Eight of the units sold were from The Tennery at Bukit Panjang.

A handful of units were also sold at Allgreen Properties' The Cascadia in Bukit Timah.

Today, Roxy-Pacific Holdings will roll out its new residential project, Spottiswoode 18. Prices at the project on Spottiswoode Park Road will start from $688,900, the developer said yesterday. Previously, agents had said that prices started from upwards of $700,000.

The 251-unit Spottiswoode 18 has one- and two-bedroom units as well as duplexes and penthouses. Units range in size from 387 sq ft to 1,324 sq ft. More than half of the units - 150 out of 251 - are 387 sq ft.

Spottiswoode 18 will built on the site which now houses Dragon Mansion. Roxy-Pacific in 2009 bought the 72-unit Dragon Mansion in a collective sale for $100.8 million, or $863 psf per plot ratio including the estimated development charge.