>

>

Parc Botannia: 230 of 250 units released sold in first weekend

By Cecilia Chow

November 12, 2017 8:23 PM SGT

On Nov 12, joint venture partners and property developers of Parc Botannia, Sing Holdings and Wee Hur Holdings, announced that 230 units have been sold on the first weekend of its launch. The average price of units sold was $1,270 psf.

The partners had released 250 units in the first phase. According to sources, over 500 cheques were received as expressions of interest prior to the launch weekend. Due to overwhelming demand, units had to be sold by balloting on Nov 11 conducted by exclusive marketing agent Huttons Asia.

Parc Botannia contains 735 units spanning four 22-storey blocks. Apartments are a wide mix, ranging from 431 sq ft for a one-bedroom apartment to 1,679 sq ft for a five-bedroom unit. According to Lee Sze Hao, CEO of Sing Holdings, the most popular units were the one-bedroom and five-bedroom units, which shows that the project has attracted interest from a wide spectrum of investors and owner occupiers.

The project sits on a 99-year leasehold site with a land area of 185,095 sq ft in Fernvale, located adjacent to the Thanggam LRT station, just a few stops from the Sengkang MRT station. The developers are also responsible for developing a new 100,000 sq ft park adjacent to Parc Botannia, which will be handed over to National Parks Board to manage upon completion. Wee Hur, which holds a 30% stake in the joint venture, will be handling the construction of the project.

According to Sing Holdings’ Lee, Parc Botannia has attracted strong buyer interest as there hasn’t been a new private condo launch in the neighbourhood since High Park Residences two years. The 1,390-unit High Park Residences is located just across the road from Parc Botannia.

Launched in July 2015, High Park Residences was sold out within 20 months at an average price of just under $1,000 psf. Construction is well underway at High Park Residences which is developed jointly by Chip Eng Seng Corp, Heeton Holdings and KSH Holdings.

Tags:

Parc Botannia Fernvale Sing Holdings Wee Hur Holdings

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Emerald of Katong hits 99% sales at launch, averaging $2,621 psf

2

Kingsford sells 76% of Chuan Park units at an average price of $2,579 psf

3

Is it a Good Deal?: $1.03 million for a four-room HDB flat in District 10

4

Sim Lian Group’s Emerald of Katong: Will it be another top-seller?

5

CDL sells 20% of Union Square Residences at an average price of $3,200 psf

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00