If you have realised, Sengkang Grand Residences has been featured extensively on Anni Kum Property over the past weeks, prior to the preview and launch.
Now you should know why.
Over the launch weekend on 2nd – 3rd November, the developers – CapitaLand and City Developments sold a total 216 units at Sengkang Grand Residences, making it one of the best-selling new launches in recent months! And this was achieved on the back of setting a record price in the area!
The developers reported that the average selling price achieved was around S$1,700 psf.
What are the most popular units at Sengkang Grand Residences?
The smaller 1 bedroom + Study (474 sqft) and 2 bedroom (624 sqft) units proved to be the most popular. For instance, Stack 49 (624 sqft Type B1) were quickly sold out during the ballot. Other popular sizes were 495 sqft and 506 sqft 1BR types. This proves that buyers believe in the growth potential of Buangkok in driving rental demand in future.
A new benchmark price, but why are people buying?
If you have followed Anni Kum Property’s earlier blog post - Property Review of Sengkang Grand Residences (Part 2) – Price analysis, you would have found the answer there!
Integrated mixed-use developments generally command a price premium over the neighbouring condominium developments and such integrated mixed-use developments have their unique selling propositions, like scarcity in supply, ease of securing tenants, premium rental rates, intangible benefits like convenience and lifestyle.
As Hougang MRT station is an interchange for the Cross Island Line, an integrated transport hub will be built at Hougang central to support the infrastructure in future. Buyers can already foresee the benefits of investing in Sengkang Grand Residences as it is one station away from Hougang Station. Can anyone guess what the prices would be when a new development is launched at Hougang central?
At Anni Kum Property, I help buyers to identify good deals in the market, assist buyers in their financial planning for home purchases and strategise their investment strategies. This is the exact reason why Sengkang Grand Residences has been featured extensively on Anni Kum Property over the past weeks!
Just to recap, below are what I have blogged previously on Sengkang Grand Residences:
Friends, if you have not contacted Anni Kum Property on Sengkang Grand Residences, fret not! I still have some good bargains on hand at Sengkang Grand Residences! Please call me at 9177 8871 or email me at email@example.com for an immediate discussion on your requirements!