fbpx
Buying a new launch? Let us help you use Property Data Analytics to make the right choice!

Parc Greenwich sells 65% of units over launch weekend

Parc Greenwich sells 65% of units over launch weekend

All the 2-bedroom and 5-bedroom apartments were fully sold, while the 3-bedroom units sold 220 of its 370 units. The 4-bedroom apartments also sold 74 out of its 98 units. Photo: Frasers Property

Parc Greenwich, an executive condominium (EC) development next to the Seletar Hills landed enclave, sold 65% or 322 out of its 496 units during its launch weekend.

Jointly developed by Frasers Property Singapore and CSC Land Group, the development is the first EC launch in District 28 since 2013 and is set to achieve Temporary Occupation Permit (TOP) in 2024.

It comprises nine residential towers of 14 storeys each, featuring a variety of units ranging from 2-bedroom to 5-bedroom apartments as well as penthouse units with high ceilings.

Prices started from $895,000 for a 2-bedder, $1.05 million for a 3-bedder, $1.2 million for a 3-bedroom plus study unit, $1.38 million for a 4-bedder and $1.7 million for a 5-bedder.

During the launch weekend, the units were shifted at an average price of about $1,200 per sq ft (psf).

All the 2-bedroom and 5-bedroom apartments were fully sold, while the 3-bedroom units sold 220 of its 370 units. The 4-bedroom apartments also sold 74 out of its 98 units.

Frasers Property revealed that first-time homebuyers snapped up 174 out of the 322 units sold. Second-time buyers, on the other hand, bought 148 units or the full 30% quota of the total units allocated to such group of buyers at launch under current regulations.

Lorraine Shiow, Acting Chief Operating Officer of Residential (Singapore) at Frasers Property Singapore, noted that homebuyers were attracted “to the project’s comprehensive suite of facilities as well as high-quality attributes and fittings more commonly found in top-end private condominiums”.

“The wellness-themed Parc Greenwich also appeals to young families who can look forward to a plethora of dining, recreational and retail amenities as well as transportation nodes in the neighbourhood,” she said.

“Moreover, the development’s proximity to next-generation, vibrant commercial, digital and industrial hubs in Singapore’s northeast region is highly valued by homebuyers.”

Located near the North Coast Innovation Corridor, Parc Greenwich is well-connected to Seletar Expressway, Central Expressway and Tampines Expressway. The nearest MRT station is Sengkang MRT station, accessible via the Fernvale Light Rail Transit station.

 

Looking for a property in Singapore? Visit PropertyGuru’s ListingsProject Reviews and Guides.

Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this story, email: victorkang@propertyguru.com.sg

Latest News from PropertyGuru – Read More

Share With Friends

Compare listings

Compare