Thursday, March 12, 2009

More projects with small units to be released this weekend

MORE projects with small apartments are being released for sale, with one offering units of just 344 sq ft - slightly over half the size of a squash court.

The releases follow the recent success of developments like Alexis, where small units have attracted plenty of buyers with their low overall prices. Prices at the project in Alexandra Road started at $450,000 for one-bedders, which are between 366 sq ft and 527 sq ft.

A preview for the freehold Kembangan Suites at Jalan Masjid - which has 60 mainly small flats and eight shops - starts today. The project's marketing material said prices will be revealed only at 10am with sales starting at noon.

Starting prices are at least $300,000 for the one-bedroom units, which range from 344 sq ft to 527 sq ft, according to the marketing material. The project also offers 581 sq ft two-bedroom units.

The 104-unit Domus in Irrawaddy Road will be released for sale this weekend with the interest absorption scheme.

The actual pricing has not been firmed up but will start from just below $500,000 for the 25 studios of 474 sq ft, said Savills Residential, which is marketing the project.

The project has penthouses, including a 926 sq ft double-storey one-bedroom penthouse.

Domus is next to a fairly new launch - I-Residences, where prices are hovering around $900 psf.
In nearby Balestier, The Mezzo - on the site of the former Ruby Plaza - will also be released for sale in a special preview tomorrow. It has 127 units including 20 one-bedders of 560 sq ft.

The unusual aspect of The Mezzo is that it is offering a 6 per cent annual rental guarantee for two years, apart from the interest absorption scheme. The rental guarantee kicks in right after the temporary occupation permit date.

The one-bedders will be priced from about $540,000 and the two-bedders from about $715,000, said HSR Property Group.

Source: Straits Times, 12 Mar 2009

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