More than a third or over 210 units at the 630-unit Q Bay Residences in Tampines were snapped up as of 6pm today at its preview, an indication of strong demand from home buyers despite the recent slew of property cooling measures.
The condominium project is being jointly developed by Frasers Centrepoint, Far East Organization and Sekisui House.
Cheang Kok Kheong, Chief Executive Officer of Frasers Centrepoint told PropertyGuru: "Interest in Q Bay Residences is robust. The most popular units were the suites, followed by the three- and four-bedroom ‘Verandah Homes’ and TRIO units."
Buyers commented that they found Q Bay Residences’ quality, location and pricing attractive, and were especially excited about the innovative ‘Bay Villa’ facilities and ‘Verandah Homes’.
Prices of units range from S$525,000 for a one-bedroom unit to S$1.7 million for a five-bedder after all discounts.
PropertyGuru was told that buyers were mainly first-timers intending to use the property for their own stay.
"We are encouraged by the response, and expect more purchases by families tomorrow, at our official launch," Cheang added.
Image: Q Bay Residences – Bay Villa
Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email firstname.lastname@example.org