Kaeden Ong

Highline Residences receives positive response

Posted by Kaeden Ong on 23rd September 2014 in Blog

Highline Residences, Keppel Land’s latest condominium project in Tiong Bahru, received good response from homebuyers during its closed-door preview sales over the weekend, said media reports.

Notably, over 80 percent of the first 160 units released were sold at an average price of $1,900 after taking into account a special preview discount, which ranged from $28,000 to $68,000. The project offers 500 units in total.

The price was in line with market watcher’s expectations of between $1,800 and $1,900 psf.

“This (positive response) may be due to pent-up demand for new private housing in Tiong Bahru, which has not seen a launch in the past seven years,” noted a Keppel Land spokesperson.

The closed-door sale last weekend was by-invitation-only, and for prospects who registered their interest.

Keppel Land is planning the sales launch of the long awaited project. Located at Kim Tian Road, it is within a few minutes’ walk to Tiong Bahru MRT station and the future Havelock MRT station on the Thomson Line.

According to a recent OCBC report, when The Crest, a condo developed by a Wing Tai consortium located at Prince Charles Crescent near Redhill, was launched in June 2014, only 35 units were sold at a median price of about $1,700 psf over that month.

Credits: Property Guru

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