Over 70 per cent or 180 units at the Meadows@Peirce condominium were sold at a private preview on Friday before the official launch next week.
In a statement, property developer UOL Group said a total of 250 units were offered at the preview. The developer had initially planned to release 150 units, but it added 100 more due to overwhelming response.
UOL said it will also bring forward its official launch by three days to next Tuesday instead of August 1. It will then release another 100 units at an average price of S$880 per square foot.
Meadows@Peirce is a 479-unit condominium located along Upper Thomson Road, opposite Peirce Reservoir. It occupies the previous Green Meadows condominium site.
UOL said it is one of the largest freehold sites to be launched recently. It occupies 43,000 square metres of land in the private residential enclave of Thomson, near Teachers’ Estate.
The last condominium launched in this area was in May 2005, located off Yio Chu Kang Road.
Sizes for the Meadows@Peirce units vary from 517 square foot one-bedroom unit to 3,068 square foot penthouse.
UOL will be offering interest absorption scheme to buyers of Meadows@Peirce, slated for completion in 2012.
Source: Channel News Asia, 24 July 2009