Gem Residences sold out 300 of 578 units launched in a day, ahead of its public launch today at an average of $1,426 per sqft. Experts noted that attractive location in prime Toa Payoh and Premium Price put up the Sales of project by Gem Homes Pte Ltd. About 47 per cent of units are priced below $1 million and 73 per cent of units are priced below $1.4 million.
51 % high take rate. THE HIGHEST TAKE RATE in recent years !! Why?
ATTRACTIVE PRICE !!!
All type of units of Gem Residences from one, two, three four and five-bedders draw a strong interest from buyers, Mr Vincent Ong, managing partner of Evia Real Estate said in a statement. "The positive reception of the public towards these larger units is an indication of buyers recognising that they are getting a good deal for units of that size."
Price for one- bedroom of 452 sq ft start from S$578,000. In total, Price range will be from S$1,279 to S$1,551 per sq ft for the different units.
The offer for prospective buyers for rebating cash of $7,500 to $10,000 during the VIP launch will be extended until tomorrow. One of buyers of The Club-Condo in Toa Payoh- Interior designer Eugene Wu, 26, bought a two-bedroom unit for $980,000. It was that convenient location and good price are the main reason for his home-buying decision.
Mr Lim of ERA Realty, which is jointly marketing the project with PropNex Realty, said: "From the sales performance, we can tell that buyers reserve their ammunition for something that would give them good value for money - in this case, the developer has put many features into the project and effort into marketing."