Sentosa Cove developer cuts prices of unsold units by over 40%, cites increased interest in area
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SINGAPORE — Unsold units at The Residences at W Singapore Sentosa Cove will be up for sale at over 40 per cent off its initial launch price in 2010. Cityview Place Holdings, an associate of City Developments (CDL) and developer of the 228-unit upscale conSentosa Cove developer cuts prices of unsold units by over 40%, cites increased interest in area
SINGAPORE — Unsold units at The Residences at W Singapore Sentosa Cove will be up for sale at over 40 per cent off its initial launch price in 2010. Cityview Place Holdings, an associate of City Developments (CDL) and developer of the 228-unit upscale condominium, will be releasing 58 units for sale on April 15, with prices starting from $1,648 per square foot (psf). A Cityview spokesman told The Straits Times it is «extending an offer price for these selected units» as there has been increased interest and sales activity in Sentosa Cove properties in recent months. Over the past week, property agents have been circulating pricing details and floor plans to potential buyers and inviting them to a preview of the property from April 10 to 14. The 99-year leasehold condominium, which is part of the W hotel brand, was first launched for sale during the property peak in 2010. Back then, the two- to four-bedroom units and penthouses, with sizes from 1,227 sq ft to 6,297 sq ft, were priced from $2,500 psf to $3,000 psf. But sales of condo units in Sentosa were hit by a series of property cooling measures introduced from 2010. Read more