The Reserve Residences, an impressive new launch condominium in Singapore that has taken the market by storm. Despite the recent cooling measures, this integrated development has achieved remarkable sales figures, leaving industry experts pleasantly surprised.
During its launch weekend, an astounding 71% of the released units were sold, totaling 520 out of 635 units. The attractive average pricing of $2,460psf appealed to Singapore Citizens and Permanent Residents, with only a small percentage of foreign buyers.
Notably, the demand for one-bedroom units was incredibly high, resulting in a complete sell-out of approximately 100 units. This exceptional sales performance surpasses previous records set by other prominent developments, including the highly successful Normanton Park launch in 2021.
What sets The Reserve Residences apart is the remarkable age profile of its buyers. A substantial 41% of purchasers fall within the 31 to 40 age bracket, while 22% are between 21 and 30. This indicates a strong affinity of the development with younger homebuyers, highlighting its appeal and relevance to their lifestyle preferences.
The pricing strategy of The Reserve Residences has played a pivotal role in its success. With an average psf rate of $2,460, the development remains competitive in the current market context. This is particularly noteworthy considering that nearby projects in the Outside Central Region (OCR) can surpass $2,100 psf.
In addition to its attractive pricing, The Reserve Residences offers an integrated living experience with a prime location near the Beauty World MRT station and the upcoming Bukit V mall. This ensures convenient access to a wide range of amenities, including retail outlets, dining establishments, and entertainment options.
The Reserve Residences has also garnered attention for its proximity to renowned schools like Methodist Girls Primary and Pei Hwa Primary School, making it an ideal choice for families seeking quality education options for their children.
Beyond its immediate benefits, The Reserve Residences holds significant promise for future growth. The surrounding area is part of Master Plans that envision further enhancements and development, creating a vibrant and sustainable neighborhood.
By offering palatable prices for a Far East Organization condominium and providing proximity to the MRT, The Reserve Residences has successfully tapped into the preferences of buyers seeking well-located properties with excellent connectivity.
Join the discerning group of homeowners who have embraced The Reserve Residences as their premier choice for upscale living. Don't miss this extraordinary opportunity to secure your dream home in a prime Singapore location. Contact us now to learn more about this remarkable development and secure your slice of luxury living at The Reserve Residences.
Source of Data : SoReal / SRX / Huttons Analyzer / HDB
Disclaimer : Information accurate as of upload date and subject to availability.
Taufiq Corvin
Contact: 9800 6383
CEA No: R060478C
Huttons Asia Pte Ltd
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