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Gillman Heights’ home owners were disappointed because of what they witnessed during yesterday’s private preview for the new project The Interlace.
As Gillman will be knocked down to accommodate the new project, its owners complain that the units being offered to them at Interlace are excessively pricey and their facings are bad.
“The apartments being offered were either too close to the highway, or were on very low floors facing Depot Road. These are among the worst units in the project,” said Mister S.T. Soh, 68.
An owner who preferred to only go by the name Madam Koh had previously anticipated lower prices. However, she said that even low-level condo units were launched for a minimum price of $1,048 per square foot (psf).
CapitaLand Limited (SGX: C31) stated that the price range for the apartments is between $850 psf and $1,150 psf. The developer also added that the units they offered represented an assortment of home types from 807 square feet to 5,877square feet.
Out of Interlace’s 1040 units, 153 from five blocks were launched during the private preview. “These units, located on different levels in the development, also offer various facings - towards the pool, towards the sea, and towards the greenery at HortPark,” a spokesman for CapitaLand said.
Gillman Heights, which has 607 units, was purchased by CapitaLand in May 2009 and the owners were given $870,000 to $950,000 to compensate for the loss of their homes. CapitaLand also offered the owners first bite should they intend to purchase new units at The Interlace.
CapitaLand is one of the largest real estate companies in Asia. It is the parent firm of The Ascott Group Limited and it is the product of the merger between Pidemco Land and DBS Land.
Some of CapitaLand’s projects are The Orchard Residences, Casabella, The Loft, Tanglin Residences and Varsity Park Condominium.
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Reader Comments: (2 comments)
Design is too futuristic for me. Looks like the units are going to topple on one another. Feel dizzy just looking at the design. Lack of serenity and harmony.
It looks more like those 40ft containers from PSA terminal being stack on top of one another in an artistic way to make high price homes.