During its launch on Wednesday (Sept 7), about 75 per cent of all units at Sky Eden@Bedok condominium were sold; attracting buyers due to its accessible location.
It has been a decade since the last residential launch in Bedok Town Centre, said developer Frasers Property, adding that all two-bedroom units of the 99-year leasehold were sold.
Real estate website EdgeProp said on Thursday (Sept 8) that 118 of 158 residential units of the condominium were snatched by buyers at the average selling price of S$2,100 psf (per sq ft).
The remaining units are the premium three-bedroom units of 1,087 sq ft with a starting price tag of S$2 million and the 1,302 sq ft four-bedroom units, which start from S$2.6 million.
Sky Eden@Bedok is a mixed-use development in the heart of District 16. It will feature 12 commercial units on the ground floor and residential units on the upper floors.
A mix of a shopping mall, wet market, interchange, and a balance of community spirit and easy access to green nodes and wellness nodes makes the development attractive.
“Moreover, home buyers appreciate the property’s proximity to thriving economic hubs in Changi and Paya Lebar, which are set to undergo further rejuvenation and add more vibrancy to Singapore’s East,” said Ms Lorraine Shiow, acting chief operating officer of Singapore residential at Frasers Property.
According to PropNex Realty chief executive Ismail Gafoor, most of the buyers served by the PropNex agents were Singaporeans in their 30s and 40s.
He noted that this was the second major new launch in the outside central region in 2022, which increased demand among those who wish to upgrade from Housing and Development Board units.
The strong sales are also a sign of the resilience of the real estate market, he added.
“The buyers were mainly investors who saw the potential of Sky Eden@Bedok as it is located near the MRT station, surrounded by amenities and is near major employment centres,” said CEO of Huttons Asia Mark Yip.
Other launches of new condominiums this year also sold well, with Piccadilly Grand in Farrer Park and Liv@MB in the Mountbatten area selling 77 per cent and 75 per cent of their units, respectively, in May. /TISG
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