109 units at Hillsta project in Choa Chu Kang sold

[reporter2]

http://www.businesstimes.com.sg/arch...-chu-kang-sold

Published April 10, 2012

109 units at Hillsta project in Choa Chu Kang sold

90% of buyers are S'poreans; most are from the vicinity

By Kalpana Rashiwala


Hillsta: The project has condominium apartments, Soho-style apartments and 20 strata townhouses. Absolute prices start from $600,000 for a 570 sq ft, one-bedroom condo unit - FAR EAST ORGANIZATION

FAR East Organization has sold 109 units at its Hillsta project at Choa Chu Kang Road/Phoenix Road which was released last week.

The property giant, which is developing the 99-year leasehold project with Sekisui House and China Construction, provided average per square foot (psf) prices according to various unit types in the 416-unit development.

The project has condominium apartments, Soho- style apartments (with a higher-than-usual floor-to- ceiling height of 3.6 metres) and 20 strata townhouses.

The average price of three-bedder, two-bedder and one-bedder condo units are $918 psf, $984 psf and $1,042 psf respectively. As for the Soho-style apartments, average psf prices are $1,093, $1,106 and $1,198 respectively for three, two and one-bedroom units.

Townhouses cost $907 psf on average.

Absolute prices start from $600,000 for a 570 sq ft, one-bedroom condo unit. All prices are net of incentives and discounts.

Far East said yesterday that about 90 per cent of Hillsta's buyers are Singaporeans, with the majority already living in the Choa Chu Kang-Bukit Panjang district.

Property hunters can look forward to several other projects in the coming weeks - including Far East's Seahill at West Coast Link near West Coast Park and the sea.

The 99-year project - which will have Soho-style apartments, condo units and townhouses - is integrated with a serviced residence tower so Seahill residents can use professional concierge and housekeeping services.

CapitaLand's Sky Habitat in Bishan goes on the market this week. The pricing has yet to be finalised but the earlier indication given to agents is that the average price could be around $1,700-$1,800 psf.

In its release yesterday on Hillsta, Far East said the project's site, with its naturally hilly gradient, provides the 'perfect backdrop for Sekisui House to recreate the Japanese satoyama - the tranquil terrain of the mountain foothills'. Satoyama is a Japanese concept describing the harmonious synergy between nature and people who live at the foot of a mountain. The undulating Hillsta site will be transformed into green terraces inspired by Japan's rice terraces, or tanada, to bring a nature-friendly lifestyle to the residents. Traditional bamboo lattices and natural stones add finishing touches to the garden.

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http://www.straitstimes.com/Money/St...ry_787056.html

Brisk sales for Far East's newly launched Hillsta

Published on Apr 10, 2012

By Gan Yu Jia


FAR East Organization's Hillsta project in Choa Chu Kang has sold 109 out of the 193 units released at last Thursday's launch.

About 90 per cent of the buyers of the Japanese-inspired development, which combines condominium, Soho (small office, home office) and townhouse units, were Singaporeans.

Mr Chia Boon Kuah, chief operating officer of property sales at Far East, said the project's proximity to amenities like the Phoenix LRT station was one of its great selling points.

Prices range from $907 per sq ft (psf) for a townhouse to $1,198 psf for a one-bedroom Soho unit. A 570 sq ft one-bedder at Hillsta, which is a Far East joint venture with Sekisui House and China Construction, is priced from about $600,000 onwards.

There were also 33 units sold at other Far East projects last week, including The Hillier in Hillview, Centro Residences in Ang Mo Kio, and Woodhaven in Woodlands.

Elsewhere, 40 units of Frasers Centrepoint's Palm Isles at Flora Drive were sold over the weekend, at an average of $830 psf, bringing the total number sold to 195 units out of 429.

Its buyers were mostly Singaporeans.

Executive condominium Twin Waterfalls at Punggol Walk, also by Frasers, sold eight units over the weekend at an average price of $710 psf, bringing the total sales to 648 out of 728 units.

And Tuan Sing Holdings chief financial officer Chong Chou Yuen estimates that about eight units of the developer's Seletar Park Residence were sold over the long weekend. All the buyers were Singaporeans.

The 276-unit project has now recorded 120 sales since its launch last month. The average pricing remains at $1,200 psf.

Mr Colin Tan, research head at Chesterton Suntec International, noted that developers often ride on the hype over new launches by releasing 'second- or third-tier' units first.

'Good marketing creates buying momentum, and makes your prices for not-so-good units seem like they have been heavily discounted,' he said.