Woman splurges on $1.37 million condo @ECO as investment for son

(2012-09-21 09:04:35) 下一個
Friday, Sep 21, 2012

SINGAPORE - A 56-year-old retiree told The Straits Times she bought a $1.37 million three-bedroom apartment for her son as an 'investment'.

Ms Soh Poh Neo said she found the location in Bedok South Avenue 3 and the reasonable pricing and nature-inspired concept of eCO appealing.

Buyers snap up units at eCO@Bedok South
Click on thumbnail to view (Photos: ST, eCO@Bedok South)

So far, more than 220 apartments at the 748-unit project have been purchased.

Almost all the buyers were Singaporeans and permanent residents. According to the English daily, eCO's proximity to Tanah Merah MRT station, Changi Airport, Bedok Central and good schools were all reasons for purchasing a unit.

Ms Soh said the 1,152 sq ft unit has other draws such as its value and the potential upside she can get from the project. It is also cheaper compared to other condos nearby such as Optima and Casa Merah.

Fears of rising property prices on the back of costlier land and higher construction costs also encouraged her to purchase the unit.

Another buyer said the location was the clincher. The proximity of the MRT station and nearby amenities helped him make up his mind.

The businessman bought a 1.038 sq ft three-bedroom investment unit for about $1.24 million.

Homes at eCO were sold for about $1,250 per sq ft. Prices start at $745,000 for a 549 sq ft one-bedder.

Strong demand for eCO

Of the 262 units released at the 99-year leasehold eCO in Bedok South Avenue 3, over 220 were snapped up on the first day of its preview, according to The Business Times.

Units at the 748-unit development were selling at S$1,250 psf on average, said marketing agents. Around 95 percent of the buyers are Singaporeans and permanent residents (PRs).

Those who committed to buy units on the first day were entitled to discounts of up to 18 percent, including early-bird, loyalty, and vicinity discounts. The discounts have since been scaled back by around four percent, pushing average selling prices to about S$1,300 psf.

Jointly developed by Far East Organization, Frasers Centrepoint, and Sekisui House, eCO comprises 246 suites, 220 Soho (small-office-home-office) units, 248 condo units, and 34 townhouses. A 549 sq ft one-bedroom suite is priced from S$745,000.

Three of the five blocks launched are almost fully sold, said agents, adding that the two-bedders were the fastest selling units.

Lee Sze Teck, Senior Manager, Training, Research and Consultancy at DWG, said: “eCO’s average selling price psf is very competitive relative to Optima, which, based on caveats lodged with the Urban Redevelopment Authority (URA), is averaging S$1,200 psf to S$1,250 psf. Smaller units at Optima go for as high as $1,500 psf.”

eCO is set to obtain its TOP (temporary occupation period) in 2017.

Source : PropertyGuru – 21 Sep 2012

“eCO”公寓首期推出 262單位賣出220多個

華京京 (2012-09-21)



  這個由遠東機構、星獅地產和日本積水住宅(Sekisui House)攜手發展的99年地契項目,共有748個麵積介於549至3854平方英尺的單位,預計於2017年底取得臨時入夥準證(TOP)。






  長益集團今預售Gambir Ridge

  與此同時,長益集團(TA Corporation)也在今天預售其位於甘必徑(Gambir Walk)的永久地契私宅項目“Gambir Ridge”。


  項目所處位置靠近巴特禮和兀裏地鐵站,附近的學校包括海星中學、聖加俾爾中學等,購物商場則有NEX商場、高文心鄰坊(Heartland Mall)等。


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