Published November 19, 2010
Some 200 units sold at Waterview condo
Sim Lian has so far released 348 units of the development
By KALPANA RASHIWALA
SIM Lian Group is understood to have sold about 200 units at its Waterview condo at Bedok Reservoir since it began previewing the project on Tuesday this week. The average price is $838 per square foot.
On the other side of Bedok Reservoir, along a stretch boasting a more scenic view of the water, Frasers Centrepoint and Far East Organization are selling units at their Waterfront Gold project at about $980 psf and at Waterfront Key at around $1,000 psf.
Sim Lian has so far released about half or 348 units of the 696-unit Waterview condo.
The 99-year leasehold project will be officially launched today, accompanied by an advertising campaign.
Units in the 15-storey development range from two- to four-bedders; there are also six-bedroom penthouses. Sizes range from 786 sq ft for a two-bedroom apartment to 4,768 sq ft for a penthouse.
The project is at the corner of Tampines Avenue 1 and 10, next to The Tropica.
Sim Lian is developing the project on a site that it clinched at a state tender in March this year for $421 psf of potential gross floor area.
Most of the units in the Waterview's 12 blocks face the reservoir, Tampines Quarry or swimming pools in the development.
The condo's walls will be washed white and have blue glass windows to reflect the water theme for the project.
Source: www.businesstimes.com.sg
