In today’s Singapore property news, newly launched The Clement Canopy sold about 78% of the 250 units released for sale.
This year, expect a flurry of new homes and condos to enter the Singapore property market. Of the many properties poised to draw buyer interest, one new launch attracted a healthy number of buyers over the weekend and it’s the 40-storey The Clement Canopy in District 5.
A nature-inspired real estate development by UOL and Singapore Land Limited, this 505-unit Singapore property in Clementi managed to sell 195 units out of the 250 units that were released for sale on the first weekend of its launch.
This number is a promising start for UOL Group. In an article published on Straits Times, UOL Group general manager for marketing Anthony Wong said that keen interest across all unit types could be “due to the pent-up demand in the vicinity and reasonable pricing.”
The Clement Canopy’s property offerings include two- to four-bedroom units from 635 to 1,539 sq ft. Meanwhile, the average price of these Singapore properties range from $1,330 to $1,360 psf. Those who purchased a condo at the launch received a $6,000 discount for the two-bedroom unit, $8,000 for the three-bedroom unit and $12,000 for the four-bedroom apartment.
Mr. Wong also stated that because of the positive response, they will extend the early bird discounts for another weekend. If you want to buy overseas property as an investment or you’re simply a foreigner buying property in Singapore, now’s your chance!
Many of those who bought a unit mentioned that they are buying this as a real estate investment because of its resale potential. Others, however, highlighted the project’s greenery and landscape as the main selling points.
Another Singapore property making waves
Another new Singapore property for sale receiving some keen interest from property buyers is executive condominium iNz Residence. This condo in District 23 was jointly developed by Qingjian Realty, Suntec Property Ventures and Bohai Investments (Sengkang). According to reports, it has already received 450 e-applications for its units since 24 February.
The Clement Canopy and iNz Residence in Choa Chu Kang are just two of the many Singapore properties bound to light up the Singapore property market this year. Stay tuned to Yazhou Property for new condos and good class bungalows, and updates on Singapore property prices! In the meantime, learn more about the overseas property buying scene or property investment by reading our blog.