Coastline Residences launches this weekend for S$2,450 per sq. ft.
Knight Frank estimated in March that the East Coast could see major launches of at least 1,500 homes this year.
Coastline Residences, located on Amber Road will be available for sale at an average price of S$2,450 a square foot this weekend.
Douglas Ong, CEO of Sustained Land, told The Business Times that three-quarters (144 units) of the condos in this freehold development will feature sea views.
According to SRX Property the unit sizes range between one-bedders of 452 sq ft or more, and three-bedders of 1,109 sq ft or more. One penthouse will be available.
Sustained Land, a consortium led by Sustained Land, purchased the site (the former Parkway Mansion) in December 2017 for S$146.99 millions or S$1,536 per plot ratio including development fees.
City Developments Limited and its joint venture partner Hong Realty have launched Coastline Residences ahead of the freehold Amber Park in Amber Gardens.
This weekend, the project will begin previews. Amber Park will reveal the average psf at its launch in May 2019, CDL said.
Last month, Mr Ong’s Sustained Land opened its condo One Meyer on the same site that The Albracca occupied. He said that 12 units have been sold at an average price of S$2,627 per square foot at One Meyer.
Sustained Land purchased the site for S$69.1million; this works out at about S$1,409 per square foot, including development charges.
According to government statistics, Nyon was also launched in March and sold four of the 92 units during that month at a median S$2,434 per square foot.
Bukit Sembawang’s former Katong Park Towers, GuocoLand’s former Casa Meyfort, and UOL’s MeyerHouse on Meyer Road (the former Nanak Mansions), are also slated to be launched in the near future.