The Residences at W Sentosa

CDL unit sells 65 units of The Residences at W Sentosa after slashing prices

Cityview Place Holdings, an associate of City Developments Limited (CDL), successfully moved 65 units of The Residences at W Sentosa Cove Singapore within a week, surpassing the initial offering of 58 units on April 9.

Responding to robust demand, additional units were released, drawing approximately 3,200 visitors from April 10 to 14, according to a spokesperson from Cityview.

These 65 units achieved an average selling price of S$1,780 per square foot (psf), with Singaporeans and permanent residents constituting 94% of the buyers. The remaining units were acquired by foreign nationals from China, France, and the US.

Situated in District 4 within the prime Core Central Region, the 99-year upscale condominium, comprising 228 units, was completed in 2011. It forms part of CDL’s Quayside Collection integrated development, alongside the five-star W Singapore Sentosa Cove hotel and the Quayside Isle F&B and retail precinct.

Before this recent sales surge, caveats data showed that only 20 units had been sold since April 2010, at a median unit price of S$2,810 psf.

“The market response was positive across all unit types, particularly for the two-bedroom and three-bedroom layouts,” noted the spokesperson. “Discerning buyers also seized the opportunity to acquire the rare duplex penthouses.”

The Business Times

URA awards Zion Road, Upper Thomson sites to sole bidders at lower-than-expected offersUpper Thomson Road (Parcel B) GLS Location MapDelfi Orchard up for collective sale at $438 million guide priceDelfi Orchard up for collective sale at $438 million guide price