Singapore Property | Guocoland, an award-winning luxury residential developer across Asia aired its confidence and remains optimistic about developing a luxury residential market in spite of the cooling measure implemented by the government on the housing market. They are confident about luxury property in Singapore.
Cheng Hsing Yao, Group Managing Director of Guocoland Singapore believed that despite the regulations on the property market, people would still need a home. He added that eccentric development with good qualities always catches buyers, therefore, demand will certainly be prevailing.
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It is to note that despite flop on the housing market last 2013 and 2014, Guocoland still able to sell out apartment units at Leedon Residence and Goodwood Residence that are both located in the center of District 10.
Meyer Mansion, Guocoland’s newest development which site was bought in an en bloc sale for $319.88 million and had preview last September 7 and was officially launched on September 13, 2019. It has 200 units of freehold condominium in which architectural design is emboldened by the seafront luxury mansions on the scattered on the area.
Mr. Cheng is confident that the uniqueness of the site and ambiance will surely bring top quality luxury to the east which makes this coming development potential to the luxury housing market.
This coming development is the first condo launch after a couple of years after it launched the Martin Modern at Robertson Quay in July 2017. Currently, Martin Modern has sold 77% of its 450 units which successful sales are credited to its architectural design, peculiar landscaping, and development concept in totality.
Other projects of Guocoland is Wallich Residence in Tanjong Pagar Center and is located in the tallest building of Singapore. As of to-date, it had sold 45% of 181 units. It made headlines after British billionaire James Dyson bought the 3-storey penthouse in an enormous amount of $73.8 million. Future development of Guocoland is the residential units at Guoco Midtown which is set to launch end of this year.