IT MAY be Singapore’s most expensive suburban condo, however more than 100 devices of CapitaLand’s Moshe Safdie-designed Sky Habitat in Bishan were grabbed on the first weekend of its launch.
Out of the 180 units launched for sale, 125 units were offered by 6pm yesterday. Eighty-three per cent of the purchasers were Singaporeans who intend to stay in the units, said president of CapitaLand Residential Singapore Wong Heang Fine.
Ordinary costs vary from $1,747 per sq ft (psf) for a one-bedder to $1,642 psf for a four-bedder. This exercises to $1.11 million for a 635 sq ft one-bedroom device.
Visitors at the showroom told The Straits Times they were drawn in to the design and place, despite the rates and it being a 99-year leasehold task.
There was even a purchaser, a sales exec who wished to be known just as Danny, who explored the showflat just after he had bought two three-bedroom devices – on the 33rd and 35th floorings. ‘Location-wise, it’s extremely ideal. There’s substantial potential (for property) in Bishan – it’s breaking records. Recently, there was a five-room (HDB) flat which was sold for $950,000.’.
The 32-year-old, who intends to rent both units, added he had ‘not 1 per cent of regret’ about his investment after going to the display room.
Public servant Patrick Bay, who bought a two-room plus study pool-facing unit, claimed he was drawn to the job’s special design, specifically its ‘ famous framework’.
‘The rates are high, yes, however it’s comfortable with the rewards given,’ Mr Bay, 35, said, describing the 3 per cent early bird advertising. He means to stay in the device with his spouse for ‘at least 10 years’, and is confident that the value will be higher if he eventually chooses to sell it.
Mr Ku Swee Yong, president of International Property Advisor, claimed the sales figures were a ‘ really excellent achievement’, offered that the ordinary valuation of other 99-year leasehold condominiums in Bishan is between $1,000 psf and $1,200 psf.
However he had anticipated more durable sales offered the preliminary hype. He suggested: ‘Perhaps there is some investor fatigue in chasing after up the high psf costs in the outskirts of Singapore.’.