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.