Luxus Hills Phase 6 to be launched on 1H13

73% of saleable area remain unsold.

According to CIMB analyst Lee Sin Yi, Luxus Hills Phase 6 will be launched in 1H2013, as the company expects demand for landed projects to
remain resilient.

"We take comfort in the switch to landed launches after recent tightening measures, and continue to expect pricing to be >S$1,600psf. "

Luxus Hills has a total saleable area of 1,614,453 sf where 23% were already sold for $1,185 psf average sales price.

BukitSemb still has two high-end non-landed sites at St Thomas Walk and Paterson suites due for completion in 2013/14.

"We expect high-end non-landed launches to be delayed in favour of landed projects (>70% of landbank)," said Lee.

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