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Property launches here see sustained interest

Friday 07 August 2009

Property launches again attracted strong interest at the weekend- days after the government warned buyers against over- committing themselves.

‘Our ground checks last weekend revealed that buyers continued to throng show flats,’ DMG & partners Securities analyst Brandon Lee said in a note yesterday.

TID- a joint venture between Hong Leong Group and Japan- listed developer Mitsui Fudosan- has sold all 297 units at Optima@Tanah Merah since the public preview began on Thursday last week.Buyers include HDB flat owners and private property owners, who took up the units at an average price of about $810 per sq ft.

In response to the huge turnout at the showflat, TID held two rounds of balloting for apartments at the 99- year leasehold project. Some 600 ballots were cast.

Source: The Business Times