Capitaland's Urban Suites Update: 60 units of 165 sold

Read this from the Straits Times. It seems that the property market is really doing well (especially the high end sector). Capitaland also looks likely to benefit with its recent project currently selling very well. Please see the article below:

It was a tall order: buyers were required to purchase at least two units at the plush new CapitaLand project Urban Suites in the Orchard area.

But they enjoyed a one per cent discount. As well, CapitaLand was flexible and allowed purchases by family members to count towards the multiple unit requirement.

In just a matter of weeks, the first 60 units on offer at the 165-unit condo spread across three stylish towers have been snapped up, mainly by foreigners.

The prices ranged from $2,400 to $2,700 per sq ft, the company said.

It added that most of the units sold were three-bedroom apartments ranging from 1,550 sq ft to 1,615 sq ft. Most buyers signed up for two units each.

The bigger three-bedroom apartments would have gone for up to $4.36 million, based on the top end of the stated price range.