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About Straits at Joo Chiat Units Sold at SGD2,100 PSF. The weekend of 11th to 12th May is the launch of Straits at Joo Chiat, a boutique development by Roxy-Pacific Holdings. This new freehold condominium sold 3 out of its total 16 units. It achieved an average selling price of SGD2,100 per square foot (psf).
The units sold included 3 bedroom + study as well as 4 bedroom units. According to Teo Hong Lim, executive chairman of Roxy-Pacific Holdings, the buyers were primarily families seeking good size. Apartments in Singapore District 15, showing a preference for boutique projects over larger condominiums. Discussions for few more units are currently in progress.
“Buyers today have more choices,” Teo noted. “They need more time to commit to get their dream home.”
Read Also: Kingsford – The Hill @ One-North Sees 30% Sales Success
Straits at Joo Chiat offers a range of 3 to 5 bedder units designed to cater to families. The 3 bedroom + study units start from 990sqft, while the 3 bedroom + guest units are sized at 1,044sqft. 4 bedder units begin at 1,227sqft, and the 5 bedder units are sized at 1,453sqft. Each floor of the development contains four different types of units.
More on Straits at Joo Chiat Units Sold at SGD2,100 psf
The development is a redevelopment project of two semi-detached houses. They are situated at Joo Chiat Place in the popular District 15. Straits at Joo Chiat features a Peranakan theme. It is expressed through a unique blend of Chinese, Malay, and European design elements, making it a distinctive five-storey condominium offering a mix of 3 to 5 bedder units.
Mark Yip, CEO of Huttons Asia, emphasized the unique appeal of Straits at Joo Chiat. Noting that the blend of Peranakan design elements, the efficient layout of the units. The spacious bedrooms, and the selling price of around SGD2,000,000 for a freehold development will attract buyers.
The previous weekend, 4th to 5th of May, saw the launch of another freehold boutique development, Jansen House, by a reputable developer, Macly Group. This 21-unit project is situated on Jansen Road in the Kovan and Serangoon neighborhoods of District 19. A 15% early bird discount was offered to buyers during that weekend, with selling prices from SGD1,940 psf. The pricing for the 2 bedder units started at SGD1.499 million, 3 bedder units at SGD1,990,000, and 4 bedder units at SGD2.442 million.
According to lodged caveats, two units were sold at the 999-year leasehold Jansen House during its launch weekend. These included a 721 sqft 2 bedder unit sold for SGD1,530,000 (equivalent to SGD2,121 psf) and a 1,335 sqft 4 bedder unit sold for SGD2.8 million (approximately SGD2,098 psf).
See Also: More upcoming Singapore launches, Parktown Residences (a mixed development in Tampines), Norwood Grand (Champions Way) and a new Executive condominium, Novo Place (District 22).
