Queues return for Bedok condo launch | bedok residences

Business Times: Tue, Nov 22

(SINGAPORE) CapitaLand will start the sale of its newest condominium Bedok Residences only tomorrow – yet a queue of more than 400 people had already formed at the project’s showflat by last night.

The developer said that prices of the 583-unit project at Bedok Town Centre have not been finalised, but agents said last week that prices could start from around $1,250 per square foot (psf) for the smaller units and $1,150 psf for larger units.

CapitaLand, South-east Asia’s biggest property group, confirmed yesterday that it would start selling units only tomorrow. But a queue started to form outside the project’s showflat on Sunday, BT understands.

The 99-year leasehold development offers a mix of one, one-plus- study, two, three, and four-bedroom apartments, as well as penthouses.

The developer hopes that the project’s location would ensure good take-up.

Bedok Residences is part of a 15-storey integrated development comprising homes, a shopping mall and a transportation hub linked to Bedok MRT station. CapitaLand is developing the entire project jointly with its retail unit CapitaMalls Asia.

Wong Heang Fine, chief executive of CapitaLand’s Singapore residential arm, expects strong demand for Bedok Residences, ‘given its strategic location in one of the most popular residential estates in Singapore and unparalleled connectivity to various parts of the island’. ‘Sitting atop a shopping mall and transportation hub, we believe Bedok Residences will rejuvenate the Bedok residential estate and enjoy the exuberance and convenience of the lively Bedok Town Centre,’ he said.

Nearby, UOL Group and Singapore Land intend to roll out their newest project, the 577-unit Archipelago @ Bedok Reservoir, within this week or next week, BT understands. The project is located on Bedok Reservoir Road.

Source: Business Times © Singapore Press Holdings Ltd.

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