Almost 50% of units sold at Midwood condo’s first weekend
Midwood condo at Hillview saw a take-up close to 50 percent on its preview launch weekend.
The 564-unit development sold 24 of the 50 lofts launched at a range of $1,560 to $1,750 per sq ft.
Over 3,500 visitors had visited the show flat before Saturday’s launch with numerous pre-registering their enthusiasm for the one-and two-bedders.
Condo unit sizes go from 484 square feet for a one-room to 1,259 sq ft for a four-bedder. Early bird discounted prices start from $750,000 for a one-bedder, $1.015 million for a two-bedder, $1.420 million for three rooms and $1.999 million for the four-room units.
All units at the 99-year leasehold development, which is as a rule mutually created by Hong Leong Holdings and Hong Realty, have balconies.
Ms Betsy Chng, sales and marketing head at Hong Leong Holdings, said: ” We are very pleased. While our attractive pricing might be one of the reasons for the strong turnout, we believe that Midwood’s location and unique condo facilities are part of its mass market appeal.
“A majority of our buyers are Singaporeans while others see this as a good investment due to its close proximity to the MRT station.”
Midwood is in Hillview Rise, a five-minute stroll to Hillview MRT station and between two nature enclaves – Little Guilin and Bukit Timah Nature Reserve.
Schools in the vicinity include CHIJ (Our Lady Queen of Peace), Assumption English School, St Francis Methodist School and German European School Singapore. A childcare centre will likewise be based on the site.
Midwood is the first to be sold on a Government Land Sales (GLS) site by a two-envelope framework. This includes the winner being chosen first on the design idea and followed by the price.