NV residences get good response despite property market curbs

01:10 PM Sep 10, 2010

The latest launch by City Developments - NV Residences in Pasir Ris Grove - has received good response despite the property market curbs announced late last month.

A total of 160 of the 200 units released were snapped up during the property's private preview this week.

The company's group general manager, Mr Chia Ngiang Hong, said: "We're very encouraged by the good response for NV Residences, which shows a healthy demand for a well-positioned and attractively-priced residence in the east, particularly amongst owner-occupiers."

The 99-year leasehold condominium development consists of eight 12 to 15-storey blocks. It has a total of 642 units and is priced at an average $830 per sq ft.

There are one to four- bedroom units, some with an attached study, as well as six penthouses. Their sizes range from 495 sq ft for the one-bedroom unit to 2,497 sq ft for the penthouses.

Prices per unit range from $557,000 for a one-bedroom unit to $1.9 million for the penthouse.

Recreational facilities include lap pools, jacuzzis, a gym, saunas, tennis courts and a children's playground.

About 480 units are still available in NV Residences, which is located within walking distance of Pasir Ris MRT Station and near major expressways.

Source: http://www.todayonline.com