http://www.businesstimes.com.sg/arch...rangoon-garden
Published July 18, 2012
Good response to Haus@Serangoon Garden
By Felda Chay
HAUS@SERANGOON Garden, an environmentally friendly project by City Developments Ltd (CDL) and Hong Realty, was popular among homebuyers over the weekend, with 28 of the 40 terrace houses on offer at the preview sold.
Prices start from $2.4 million for an intermediate terrace unit with a land area of 1,615 square feet. Corner terraces cost more and start from $2.8 million for a unit with a land area of 2,284 sq ft.
CDL said about 40 per cent of buyers are residents in the neighbourhood. Said CDL group general manager Chia Ngiang Hong: "Landed housing space is becoming increasingly scarce, even more so in mature estates such as the popular Serangoon Gardens residential enclave."
Haus@Serangoon Garden is the first landed housing estate here to win the Building and Construction Authority's Green Mark Platinum award.
CDL said homeowners "stand to achieve up to 40 per cent" in utility savings for each terrace house. "Every unit comes with a one kilowatt-peak photovoltaic system installed on its roof. This generates solar power that offsets the grid electricity consumed by appliances such as the refrigerator provided in each house," the property developer said.
Each home also has a socket outlet suitable for electronic vehicle charging, which supports the government's initiatives for green transport and caters to demand for electric vehicles.
In all, Haus@Serangoon Garden will have 18 corner units and 79 intermediate terrace homes. All 97 units have two storeys, a basement and an attic. The 99-year leasehold project is expected to be completed by 2016.