Punggol’s Privé sold more than 270 units

More than 270 sales had been processed by the Punggol’s Prive project developers, NTUC Choice Homes Co-operative and Chip Eng Seng. Last Friday ( 10 Dec 2010 ) home buyers had sign the deals to own the very first executive condominium project in Punggol. The developers said they were clearing more, though it refused to provide an estimate of the total number of units that could be snapped up.

About 1,036 applications has been submitted by home buyers to units at the 99-year leasehold project by the end of Tuesday, reflecting robust interest for the project.

Average selling price of the units would range from $660 psf to $690 psf was introduced by developers for the early stage of launching. Home buyers will be able to choose deferred payment scheme, but they will need to pay 2 percent more.

Meanwhile, United Engineers is preparing to launch another EC project, Austville Residences located between Sengkang East Avenue and Buangkok Drive.

According to The Business Times, the selling price might start from $620 psf. United Engineers is also planning to offer branded fridges to early buyers, as well as hold a lucky draw with attractive prizes such as return air tickets to Australia.

Marketing for the freehold Killiney 118 in Somerset area has also begun. The project, developed by a unit of Amara Holdings, offers 30 units consisting of one- and two-bedders.

The momentum for real estate launches could recover in January after the Christmas season ends and prior to the start of the Chinese New Year. For example, CB Richard Ellis (CBRE) is preparing for four to five launches scheduled for January.

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