The Sorrento, a new freehold condominium on West Coast Road has seen strong interest from buyers since its launch last Friday, with around 100 of the 131 available units finding buyers, media reports said.
Developer Allgreen Properties initially released 80 units, but given the healthy demand for the project, all the remaining units were subsequently launched.
“The project was competitively priced, so we expected to have a fairly decent pick-up (rate),” said Joseph Tan, Executive Director (Residential) at CBRE, the project’s marketing agent.
Units at The Sorrento were priced from $1,380 to $1,600 psf.
Tan noted that buyers were drawn to the development due to its freehold status and the limited number of units, which provided a sense of uniqueness compared to condominiums with hundreds of units. Younger buyers went for smaller homes, while the larger ones proved popular with families.
Credits: Property Guru