UOL offers Spottiswoode Residences

Friday, November 12, 2010

05:55 AM Nov 12, 2010

Property developer UOL Group will release 100 units of its Spottiswoode Residences project for preview today.

UOL expects the units to fetch about $1.05 million for a one-bedroom apartment to $2.67 million for a three-bedroom unit. This works out to about $1,700 to $2,100 per square foot.

The sizes for the one- to three-bedroom apartments vary from about 600 square feet to about 1,400 square feet.

UOL said it might retain some units for later sale due to potential price upside stemming from plans to turn Tanjong Pagar into a waterfront neighbourhood when the lease for the nearby port expires.

The 351-unit condominium at Spottiswoode Park Road, comprising a single-storey block, is expected to be ready by May 2014.

Source: www.todayonline.com