Originally Posted by
bargain hunter
Meanwhile at a private condo project near Punggol MRT station, Sim Lian had found buyers for about 210 units at A Treasure Trove by 9.30pm yesterday. The average price is $866 psf.
Sim Lian released 300 of the total 882 units in the project under the first phase.
The condo project includes Matilda House, a conservation bungalow which Sim Lian will restore and turn into a clubhouse with facilities such as a function room, reading room, lounge and gymnasium.
Prices begin at $703,000 for a 775 sq ft two-bedder on the second floor. Units in the 16-storey project range from two bedders to four bedders (up to 1,658 sq ft). There are also 42 penthouses (1,528-4,876 sq ft).
The relatively strong sales at A Treasure Trove reflect its competitive pricing, say market watchers.
One stop closer to town, near Sengkang MRT/LRT stations, a bus interchange and Compass Point mall, Keppel Land has been selling units at The Luxurie since Aug 26 at an average price of $980 psf. As of Monday, it had found buyers for about 180 units.
A seasoned property consultant attributed the higher price for The Luxurie to the fact that it is closer to the MRT station and amenities. 'Both Luxurie and A Treasure Trove have done reasonably well given the current uncertain global economic climate and the potential supply in the Punggol, Sengkang and Buangkok location,' he added.