New condominium launches are once again welcoming eager crowds. Drawn mainly by the affordable prices and viable unit options, buyers are flocking new weekend property launches in search of investment-worthy buys.
Both East and West ends of the island were covered last weekend, as sales started out briskly at Coco Palms near Pasir Ris MRT station and Waterfront@Faber on West Coast Road. Although buyers are now more selective, Coco Palms still sold a whooping 82 per cent of its 600 units released last Sunday. Not surprisingly, all of its one-bedders were sold out within the day. With price tags of $498, 000 for a 493 sq ft one-bedder, these units are highly affordable and practical. They are within the range of most young couples of singletons, and also make for easy rentals, especially with t’s proximity to the MRT station and international schools such as the United World College of South East Asia.
At the 210-unit Waterfront@Faber, 80 units were sold as 7pm on Sunday. Prices ranged between $1,100 psf and $1,350 psf. It’s distance, about a 20-minute walk, from Clementi MRT station could be a slight drawback for investors, but those who were looking for a quiet place of their own will still consider it a good buy. But considering the recent growth of commercial and regional hubs in the west, such as in the Woodlands, Buona Vista and Jurong areas, thinking far ahead may be a wise move.