THE property market hasn’t fully recovered from last year’s onslaught of heating steps, moving by first weekend earnings at one of the year’s most-anticipated condo starts florence residences showflat.
The Florence Residences at Hougang introduced 200 units because of its first period of earnings on Saturday, where near 60 units or 30 percent were marketed.
The 1,410-unit condominium project is the season’s first mega launching. Produced by Logan Property, Florence Residences sits on the website of Florence Regency, the privatised HUDC estate which has been sold en bloc at October 2017.
Back in February, Logan Property (Singapore) executive manager Chng Chee Beow had told The Straits Times between 400 and 500 units were anticipated to be published on March 2, based on interest throughout the trailer.
1 marketing representative suggested the smaller launch”is only an issue of the programmer testing the marketplace given how things have been for the last couple of months because cooling steps”. The earnings are”adequate”, he added.
Back in January, Allgreen Properties’ Fourth Avenue Residences sold 70 from 168 units published on its launching weekend. In November this past year, Oxley Holdings’ Kent Ridge Hill Residences transferred 116 units from 250 started on the very first weekend.
A Logan Property spokesman told The Business Times:”We are confident of our merchandise, particularly with both MRT stations (Kovan MRT and the near future Cross Island Line round the undertaking.”