FEC Skyline sold 130 units of the released 200 units at roughly $1,700 psf at its Artra project located along Alexandra View on 29 April 2007, the first day of its launch.
Information by Knight Frank, who is one of the marketing agencies of the project together with PropNex Realty and Savills indicate that there was a take up of 45 units of 3 bedrooms and 85 units of 2 bedrooms. The first phase had only 2 and 3 bedrooms units launched.
Artra has a total of 400 units comprising of 2, 3 and 5 bedders measuring from 786 to 2,583 square feet. View the Artra floor plans here.
“Buyers were appealed by the units’ larger sizes. We started off with a promising start in sales, and we believe that the momentum will go on even in the coming days,” said FEC Skyline spokesperson Tan Tee Khoon.
“The sales results show that there is pent up real demand for units that are appropriately designed and well-located. Combined with the sales results obtained at other launches since the year began, the outcome of Artra demonstrates that there is bottoming up of the market,” added Knight Frank Singapore Executive Director and Head of Residential Services, Tay Kah Poh.
Artra is has its location next to Redhill MRT station. It occupies an area of 442,970 square feet and it is set to accommodate 16 commercial units and a supermarket.
The Artra plot was purchased by FEC Skyline, and is jointly developed between New World Development and Far East Consortium for $376.9 million in November 2015.
The site, which is on leasehold of 99 years, is near IKEA Alexandra, Queensway Shopping Centre and Tiong Bahru Plaza. It is also near famous schools such as Gan Eng Seng Primary, Gan Eng Seng Secondary, and Crescent Girls School.