THE property market has not completely recovered from last year’s onslaught of heating measures, moving by initial weekend earnings in among this year’s most-anticipated condominium begins florence homes showflat.
The Florence Residences in Hougang introduced 200 units due to its very first period of earnings Saturday, where close 60 units or 30 percent were promoted.
The 1,410-unit condo project is the year’s first mega launch. Developed by Logan Property, Florence Residences sits on the site of Florence Regency, the privatised HUDC estate that has been sold en bloc in October 2017.
1 advertising representative indicated the smaller launch”is just a matter of this developer testing the market given how things have been for the past few months since cooling measures”. The earnings have been”decent”, he added.
Back in January, Allgreen Properties’ Fourth Avenue Residences offered 70 out of 168 units printed on its launch weekend. In November last year, Oxley Holdings’ Kent Ridge Hill Residences moved 116 units from 250 began on the very first weekend.
A Logan Property spokesman told The Business Times:”We’re convinced of our product, especially with the two MRT stations (Kovan MRT and also the close future Cross Island Line across the endeavor”