Latest Market News

Urban Suites selling well despite price hike

Wednesday 20 January 2010

Phase 2 of CapitaLand's Urban Suites' launch has attracted keen interest from buyers who have snapped up units despite a hike in prices. The 50 units released in Jakarta, Indonesia, last week were all sold out, while at home an additional 16 sales have been clinched since Phase 1 of the project's launch closed in early January.


The popularity of the development was undiminished by an increase in prices - from between $2,400 and $2,700 psf in Phase 1, to $2,500 and $2,800 psf in Phase 2 - for the units located in District 9 between Cairnhill, Hullet and Saunders roads.


The latest sales mean that 126 out of the 140 released units in the 165-unit condominium have been sold. The 26 two-bedroom apartments are now completely sold out.

Source: The Straits Times