Sengkang Grand Residences, a joint development between CapitaLand and City Developments, met with strong demand after sales opened on Friday, with 216 units of the 280 released selling by 6:00 P.M. SGT Sunday, the developers said in a press release.
“We are very encouraged by the strong response at the weekend launch of Sengkang Grand Residences. This points to the continued market demand for residences set within an integrated development,” Ronald Tay, CEO of Singapore, Malaysia & Indonesia for residential and retail, said in the statement.
“Sengkang Grand Residences will be part of the first integrated community and lifestyle hub in the North-East region. Homebuyers are drawn to the property’s convenient location atop a transport hub and direct access to an exciting line-up of retail offerings at Sengkang Grand Mall, amongst other facilities and amenities,” he added.
The average selling price was around S$1,700 per square foot, the statement said.
Prices started from S$798,000 for a one-bedroom plus study unit and range up to S$2.1 million for a four-bedroom premium plus flexi, the statement said. Unit sizes range from 474 square feet for a one bedroom plus study to 1,324 square feet for the four-bedroom premium plus flexi unit, the developers said.
The development has a total of 680 units.
Around 93 percent of buyers were Singaporeans, with the remainder comprised of permanent residents and foreigners, mainly from China, Malaysia, India and the Philippines, the developers said.
