[url]http://www.straitstimes.com/Money/Story/STIStory_684734.html[/url]

Jun 28, 2011

[B][SIZE="5"]Pasir Ris project sells 103 units at weekend launch[/SIZE][/B]

By Cheryl Lim


BUYERS were out in force at a suburban property launch over the weekend.

Seastrand, a 473-unit project in Pasir Ris, moved 103 of the 190 units released during its weekend launch, averaging $877 per sq ft (psf).

The development is a joint venture between Far East Organization and Frasers Centrepoint and consists of one-, two-, three- and four-bedroom apartments. The two-bedroom units, ranging in size from 883 sq ft to 1,066 sq ft, were the most popular, with 54 of 57 units released sold so far.

Dennis Wee Group director Chris Koh said there is still a healthy interest in condominium launches.

'It's not unusual to see some projects sell almost 50 per cent of their units over the launch weekend,' he said.

[email protected], a cluster-housing project developed by Clydesbuilt Group, sold another two units at the weekend. This brings the total number of homes sold to 16, at an average of $1,050 psf.

The units at the project are four- and five-bedroom houses ranging from 3,692 sq ft to 4,349 sq ft.

The Woods in Jurong, a cluster-housing development, recorded another four sales. This brings the total home sales for the development to 34.