IT MAY be Singapore’s most costly suburban condominium, however even more than 100 units of CapitaLand’s Moshe Safdie-designed Sky Habitat in Bishan were snapped up on the first weekend of its launch.
From the 180 devices released for sale, 125 units were sold by 6pm yesterday. Eighty-three per cent of the buyers were Singaporeans who mean to live in the devices, said president of CapitaLand Residential Singapore Wong Heang Fine.
Average prices range from $1,747 per sq ft (psf) for a one-bedder to $1,642 psf for a four-bedder. This works out to $1.11 million for a 635 sq ft one-bedroom device.
Visitors at the showroom told The Straits Times they were brought in to the design and location, regardless of the prices and it being a 99-year leasehold task.
There were a purchaser, a sales exec who wished to be known only as Danny, who explored the showflat only after he had purchased two three-bedroom units – on the 33rd and 35th floorings. ‘Location-wise, it’s extremely optimal. There’s huge potential (for home) in Bishan – it’s breaking records. Recently, there was a five-room (HDB) flat which was cost $950,000.’.
The 32-year-old, who intends to rent out both units, included he had ‘not 1 per cent of disappointment’ about his acquisition after visiting the showroom.
Public servant Patrick Bay, who bought a two-room plus study pool-facing device, claimed he was drawn to the task’s one-of-a-kind design, especially its ‘ renowned framework’.
‘The costs are steep, yes, however it’s comfy with the rewards provided,’ Mr Bay, 35, claimed, referring to the 3 per cent early bird promo. He intends to live in the device with his wife for ‘ a minimum of 10 years’, and is positive that the worth will be greater if he ultimately chooses to offer it.
Mr Ku Swee Yong, president of International Property Advisor, claimed the sales figures were a ‘ excellent achievement’, given that the average assessment of various other 99-year leasehold condominiums in Bishan is between $1,000 psf and $1,200 psf.
However he had expected more robust sales offered the preliminary hype. He suggested: ‘Perhaps there is some investor tiredness in chasing after up the high psf costs in the borders of Singapore.’.