Singapore’s Far East Organization’s sold 88 of the 132 units of its new Waterfront Isle development at a preview yesterday, the Today newspaper reported.
The units were sold at an average price of S$920 (US$722) per square foot, the developer said, adding that 80 per cent of the Waterfront Isle buyers were Singaporeans and permanent residents, half of whom live in eastern suburbs like Bedok and Tampines.
The 99-year leasehold project will be officially launched this Saturday, with another release of units from its entire stock of 561 units. Prices begin at S$575,000 (US$452,000) for a one-bedroom apartment at the Bedok Reservoir property. Rooms range from one-bedroom units starting from 581 sq ft to penthouse units at a maximum of 2,863 sq ft.
Far East is also offering furniture vouchers worth 5 per cent of the purchase price upon the property obtaining its temporary occupancy permit (TOP) in 2015.
The 15-storey Waterfront Isle is the last edition of the Waterfront Collection, a joint venture development between Frasers Centrepoint and Far East, comprised of four properties fronting Bedok Reservoir.
The three other Waterfront projects met with good response, with Waterfront Waves completely sold out, Waterfront Key selling more than 85 per cent of its units and Waterfront Gold selling more than 75 per cent.
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