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Published January 30, 2012

More units of Parc Rosewood snapped up

Woodlands project gets warm response following 8-10% cut in prices


PARC Rosewood in Woodlands seems to have picked up the momentum generated by Watertown in Punggol - with seven in 10 units released on Saturday finding buyers.

Marketing agent ERA Realty Network said yesterday that it had sold 165 of the 236 Parc Rosewood units up for grabs.

Most - 120 - were snapped up within four hours of the preview launch.

The price range of the five-storey, 99-year condominium, developed by Fragrance Group and World Class Land, had been lowered by 8-10 per cent 'to offset any impact on sales from the recently implemented additional buyers' stamp duty', ERA said.

From an initial $1,030-1,100 per square foot, based on recently transacted prices, the units' price range was lowered to $925-998 psf.

This meant that prices for the initial 236 units released at the preview launch started from $398,000 for a one-bedder to $568,000 for a two-bedder and $778,000 for a 3-bedroom unit.

The five-storey development along Woodlands Avenue 2/Rosewood Drive has 689 units, most of which are one or two bedders with a few three bedders and penthouses.