“Hungry” developers to launch new condos

Some have already started launching projects post-Hungry Ghost festival and more are coming on stream for September.

Hoi Hup Sunway is set to conduct balloting of its latest project Arc at Tampines today, Sept.8 after having been “oversubscribed” when it started accepting registration of interest last Aug.31.

ECG senior district director Eric Tng told Singapore Business Review that the 574-unit executive condo has about 3 applications to 1 unit.

“Arc is a resort themed project with activities for all ages. There will also be multi-generation units.This project is in the condo belt in Tampines and has easy access to major expressways. The new MRT will be about 1 km away when opened in 2018,” he said.

The property is expected to receive TOP on Dec. 2015. It has an average price of $700 psf.

Sim Lian Group is also holding today a preview of its project A Treasure Trove at Punggol Walk.

Major selling points of the 882-unit apartment due to receive TOP in 2014 according to property agents are: 3-min walk to Punggol MRT/LRT/Bus interchange; and 3-min walk to future Punggol Town Centre, Shopping Mall and WATERWAY. The average selling price is $850 psf.

Slew of other property projects launching in September are as follows:

Property	Location	Developer	Type	Number of Units	Launch Date
Coterie	Holand	Heritage Residence	Residential	36	Sept 15
Cityscape	Farrer	IOI Group & Kim Seng Heng Realty	Residential	250	Sept 17
LA Vida @ One Thirty	Telok Karao Lorong		Residential	43	Sept 17
Hijauan	Cavenagh	SDB Asia	Residential	41	Sept 19
Oxley BizHub2	Ubi Rd 1	Oxley	Commercial	271	Sept 20
WIS (Work in Style)	Changi	RP Changi	Commercial	83	Sept 27
Bliss	Kovan	BBR Kovan	Residential	24	Sept 28

Source: Huttons Real Estate Group, Dennis Wee Group Agents

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