Bedok Residences sells 350 units

Straits Times: Thu, Nov 24
THE Bedok Residences project that has generated so much talk this week for imposing a queue system on potential buyers racked up robust sales figures at its official launch yesterday. Buyers snapped up about 350 of the 450 homes released as at 5p…
THE Bedok Residences project that has generated so much talk this week for imposing a queue system on potential buyers racked up robust sales figures at its official launch yesterday.

Buyers snapped up about 350 of the 450 homes released as at 5pm – 60 per cent of the 583 flats in the CapitaLand project. Two-bedroom units were the most popular, comprising 36 per cent of the sales, followed by one-bedroom units with study rooms at 28 per cent.

Prices averaged $1,350 per sq ft for units, which range from 517 sq ft for a one-bedroom unit to penthouses of 3,218 sq ft each.

Hundreds of people queued for a chance to buy units at the 15-storey integrated project at New Upper Changi Road, with some hopefuls arriving as early as Sunday night.

The queue system attracted much comment, with claims of poor crowd control, underage people being paid to join the line, people trying to push in and even a near-altercation.

Marketing agent ERA later addressed those matters in a statement issued on Tuesday.

Commenting on the launch, CapitaLand said the sales figures demonstrated that the queue outside its showroom was made up of genuine prospective buyers, adding that those in line had managed to buy their choice units.

A buyer waiting outside the showroom yesterday morning, known only as Mrs Yong, told The Straits Times she was hoping to get a three-bedroom unit because of the location. After a long wait, she managed to land the flat of her choice.

‘I live in Siglap, so I have been looking for somewhere in the east. When I am older, it will be convenient for me to get around because of the nearby connection to the MRT and bus interchange.’

The development will also house the new Bedok bus interchange and a mall, and will be connected to Bedok MRT station by an underpass linkway.

Source: The Straits Times © Singapore Press Holdings Ltd

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