Luxus Hills, Parc Clematis see brisk sales

Mon, Sep 02, 2019


DEVELOPER Bukit Sembawang Estates has sold 71 of the 78 homes of its Luxus Hills (Signature Collection) during the preview weekend at prices ranging from S$3.058 million to S$4.2 million.

A total of 32 homes were sold on Aug 30, the first day of preview, prompting the developer to release the remaining 46 homes for sale.

The base per square foot price is around S$1,894.

Located in Seletar Hills Estate, the 999-year leasehold landed development comprises 58 intermediate terraces, 10 corner terraces and 10 semi-detached homes. The intermediate terraces are between 3,757 and 3,810 square feet (sq ft) in size; the corner terraces are from 3,541 to 3,671 sq ft, and the semi-detached units, from 3,541 to 3,671 sq ft.

A total of 95 per cent of buyers bought homes for their own occupation, while about three quarters of buyers were 30 to 60 years old, indicating interest from multi-generational families, Bukit Sembawang said. 75 per cent of buyers also opted for flexible deferred payment schemes. Majority of the buyers currently live in the immediate districts of D19 & D28.

Ho Jenny, general manager (marketing) at Bukit Sembawang Estates, said: "We are heartened by the positive response for the Luxus Hills (Signature Collection). Buyers were largely attracted to Luxus Hills because of the large living spaces offered by these rare landed 999-year homes in a family-friendly environment. Our flexible payment schemes with the option for immediate occupancy also proved popular with buyers who could then comfortably plan their move-in and financing timelines."

Among the several payment plans is the Stay & Pay Scheme, under which buyers can move in upon making a 20 per cent down payment. The Reservation Scheme accepts reservations with a 10 per cent deposit, with the rest of the payments to be made in 2021.These schemes are designed for buyers who are waiting for the proceeds from the sale of their property, and owners of properties undergoing en bloc sales.

Eugene Lim, key executive officer of marketing agent ERA Realty highlighted that the project is well-priced and comes with very attractive and flexible payment schemes. He added: "These are very compelling reasons for Singaporean home buyers to purchase the landed homes."

Meanwhile, SingHaiyi Group's newly launched 1,468-unit Parc Clematis (formerly Park West) sold 324 of the 465 units released for sale by the end of the launch day on Aug 31. This worked out to an average selling price of about S$1,580 per square foot (psf).

The developer said that 48 per cent of the units sold consisted of one-bedroom and various dual-key bedroom units. Situated along Jalan Lempeng at the junction of the Ayer Rajah Expressway (AYE) and Clementi Avenue 6, the 99-year leasehold development has units ranging from one- to five- bedrooms as well as larger strata landed houses.

Residential unit sizes range from 452 sq ft for a one-bedroom unit to 2,669 sq ft for the largest five-bedroom Penthouse unit. The strata Terrace units start from 2,659 sq ft and the Bungalow units are 3,832 sq ft each.

Prices start from S$699,000 for a one-bedroom unit, S$1.05 million for a two-bedroom unit, and S$1.32 million for a three-bedroom unit.

Celine Tang, group managing director of SingHaiyi, said: "We are very encouraged by the strong take-up by homeowners and investors for Parc Clematis. In particular, we are heartened to see brisk sales of larger apartment types which typically appeal to buyers looking to stay in them, in addition to strong sales demand for one- and two-bedroom units which are suitable for both residents and investors."