IT TOOK just two numerous hrs for purchasers to snap up fifty % of the models for sale in a condominium in Larger

Thomson Avenue. The sole marketing and marketing and advertising agent for the progression 3 11, Knight Frank, said that 33 models out of sixty five for sale had been promoted inside two several hours to eager purchasers on Saturday at a preview begin. By yesterday, a overall of forty eight models, or seventy 4 for each and every cent of the progression, had been promoted. SEE ALSO: Work, Dwell and Enjoy at 3 11 Singapore Property Must Know! The sixty five-device freehold progression has an normal value of $1,615 for each and every sq ft, with models ranging from $844,000 for a 460 sq ft a one-bedder to $2.a few million for a 1,five hundred sq ft penthouse. Purchasers had been mainly Singaporeans, making up about 80 for each and every cent of the group, although the rest had been prolonged expression inhabitants and foreigners. "About 70 for each and every cent of the purchasers have purchased for operator-career," said Knight Frank's executive director for family Wendy Teng. Created by residence developer Woh Hup's device, Aurum Land, the progression has a overall of nine a one-bedders, 26 two-bedders, 16 a few-bedders and fourteen penthouses. The condominium sits on the earlier internet internet site of Jasmine Courtroom, which was acquired by Aurum Land for $forty a few million - or $833 psf - in a collective sale in 2011. The keen desire in the condominium is likely in opposition to warnings that the residence industry spot could be hit difficult by the tightening of easy liquidity and risk of larger desire rates. But SLP International head of investigation and consultancy Nicholas Mak observed element of the attraction for 3 11 was that the overall marketing and advertising value of some models is still beneath the $1 million mark. The condo's proximity to the impending Larger Thomson MRT station is an additional appeal to, he said. "Purchasers are still fascinated to acquire residence positioned around MRT stations, or have great accessibility to public transportation." Other impending developments in the region consist of a condominium on a plot in Vivid Hill Generate purchased by UOL Group and SingLand in a situation tender extremely last August for $291.five million or $720 psf for each and every plot ratio. This could produce 445 houses.

3 11 is envisioned to obtain its Quick-expression Job Allow (Top) in 2016. http://www.tembusucondo.sg/ http://www.tembusucondo.sg/category/fact-sheet/ http://www.tembusucondo.sg/category/top-quality/ http://www.tembusucondo.sg/category/vvip-preview/ http://www.tembusucondo.sg/category/where-are-we/