Oxley's Loft@Holland sold out within 2 hrs of launch

January 13, 2011, 7.17 pm (Singapore time)

Oxley's Loft@Holland sold out within 2 hrs of launch

By ANGELA TAN


Oxley Holdings Limited said that its Loft@Holland, has met with strong response with all 41 apartment units taken up within two hours of the soft launch on Thursday.


Oxley said the demand was strong enough to require balloting to be conducted for all but two units.

On average, there were about three interested buyers per unit.

The units were booked at prices up from $1,630 psf to $2,166 psf and the buyers were mainly Singaporeans.

Located at 151 Holland Road, the five-storey development comprises 37 one-bedroom units, ranging from 323 - 484 sq ft, and four two-bedroom penthouses with private jacuzzis, ranging from 980 - 1,141 sq ft.

Late Thursday, the Singapore government unveiled a slew of additional measures to cool the property market.

Among the measures, property buyers who are individuals with one or more outstanding housing loans at the time of the new home, the loan-to-value (LTV) limit on housing loans granted by financial institutions regulated by MAS will be lowered from 70 per cent to 60 per cent.


Source: www.businesstimes.com.sg