Highline Residences, Keppel Land’s condominium project in Tiong Bahru, is expected to launch on 13 September coinciding with the opening of the showflat for Marina One Residences, according to media reports.
Although a Keppel Land spokesperson declined to confirm the date, she said, “we have given a market guide price of $2,000 psf (on average) and response has been good.” The guide price excludes an unspecified “special preview discount” for registered buyers who have viewed the units prior to the official launch.
Last weekend, potential buyers were invited to view the development, and another session will be held this weekend.
Including the discounts, the average price at Highline Residences could range from $1,800 to $1,900 psf, according to market observers.
Meanwhile, sales at The Crest along Prince Charles Crescent have been slow. In fact, only 39 out of 469 units have been taken up as of July. The project was unveiled in June 2014, with 35 units sold at a median price of $1,682 psf during that month.
Developed by a Wing Tai-led consortium, the project is about a 450 metres from Redhill MRT station, close to the Chatsworth Park Good Class Bungalow Area.
Nearer to Redhill station, Alex Residences entered the market last November, moving 171 units at a median price of $1,706 psf in that month. As of July 2014, 208 of 429 units were sold.
Adjacent to Queenstown MRT station, Hong Leong Group launched its Commonwealth Towers project in May, with 275 units sold during that month at a median price of $1,626 psf.
All four projects are situated on 99-year leasehold sites, but Highline Residences is considered the most attractive due to its closeness to Tiong Bahru MRT station, which is nearest to town.
Credits: Property Guru