Chinese developer Kingsford Development reportedly sold 140 of 320 units launched on the weekend of March 7 and 8, which translates into about 40% of the units released. Prices of units sold were said to range from $1,050 to $1,180 psf. The condominium units sold had prices ranging from $514,000 for a one-bedroom unit to $1.43 million for a five-bed- room home. In addition to condo units, the developer had also sold a strata-titled terraced house, two semi-detached houses and six shop units. While the semi-detached houses fetched $2.1 million, the shops, which were sized from 421 to 452 sq ft, were sold for about $1.2 million or $2,700 psf. Most of the buyers were reportedly Singaporeans, including residents from the nearby Hougang/Serangoon housing estates.

This article appeared in the City & Country of Issue 668 (Mar 16) of The Edge Singapore.