Developer Hong Leong Holdings has sold 24 units out of the 50 it released over the launch weekend of its Midwood condominium, reported The Business Times.
The 99-year leasehold project’s apartment sizes range from 484 sq ft for single-bedroom units to 1,259 sq ft for four-bedroom units. Selling prices ranged from S$1,560 to S$1,750 per square foot during sales conducted on the launch weekend (26 and 27 October).
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Located at Hillview Rise and near the Hillview MRT station, the 564-unit property comprises two 29-storey residential blocks and will have an on-site childcare centre and 50-metre rooftop infinity pool.
In between the two blocks stands a six-storey block featuring a 569-lot carpark, a connecting link bridge and a clubhouse.
“While our attractive pricing might be one of the reasons for the strong turnout, we believe that Midwood’s location and unique condo facilities such as the childcare centre are part of Midwood’s mass market appeal,” said Betsy Chng head of sales and marketing for Hong Leong Holdings.
“A majority of our buyers are Singaporeans while others see this as a good investment due to its close proximity to the MRT station,” she added.
It is the first condominium to launch on a Government Land Sales (GLS) site covered by the Concept and Price Revenue tender approach, where the winning bidder is chosen based on concept and innovation construction primarily, followed by the price in the envelope.
Other newly launched/soon-to-be-launched properties in the area include the freehold Mont Botanik Residence and the upcoming Dairy Farm Residences, a 99-year leasehold project along Dairy Farm Road.
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Kyle Leung, Digital Content Manager at PropertyGuru, edited this story. To contact him about this or other stories, email kyle@propertyguru.com.sg
