Bukit Sembawang Estates' project Liv @ MB in the Mountbatten area opened for preview on Friday (May 6), with indicative prices ranging from S$1.08 million for a 1-bedroom unit to S$3.63 million for a 4-bedroom deluxe one.
The 99-year-leasehold project on Arthur Road comprises 298 units spread across 4 blocks - a 19-storey block and 3 blocks of 20 storeys each.
Prices range from S$2,190 per square foot (psf) for 1-bedroom units (from 495 sq ft), S$2,292 psf for 2-bedroom units (from 624 sq ft) and S$2,288 psf for 2-bedroom deluxe (from 753 sq ft) to S$2,080 psf for 3-bedroom units (from 1,119 sq ft).
The 4-bedders start from the 12th floor and are priced from S$2,233 psf (from 1,518 sq ft) to S$2,177 psf for the deluxe version (from 1,668 sq ft).
There are 2 more projects in the east coming to the market soon.
One is boutique development Atlassia, a freehold project by K16 Development; this spans 9 units of conservation shophouses along Joo Chiat Place, which is expected to draw an average price of S$2,000 psf.
Atlassia comprises 31 apartments with 1- to 5-bedroom units ranging from 509 sq ft to 2,692 sq ft, as well as boutique shops and restaurants.
The other is Baywind Residences, a 24-unit freehold project in Telok Kurau.
Recent new launches have met with robust response, with thousands turning up at previews for executive condominium project North Gaia in Yishun Close, and for the CDL-MCL joint venture Piccadilly Grand in Farrer Park.
The 99-year-leasehold Piccadilly Grand started previews two weeks ago; sales bookings open on Saturday. The response to the 407-unit condominium is being closely watched as a gauge of sentiment and demand, given that it is the first major private residential development to come on the market since cooling measures were introduced four months ago.
Prices at Piccadilly Grand start at S$1.058 million for a 1-bedroom apartment, which translates to about S$2,186 psf, and go up to over S$3 million for 5-bedroom units ranging from 1,582 sq ft to 1,679 sq ft.
Source: Business Times