SINGAPORE – Bukit Sembawang Estates’ Upper Bukit Timah condominium project 8@BT sold 83 units, or 53 per cent, of its 158 units over its launch weekend, at an average selling price of $2,719 per sq ft (psf).
The best-selling units were the one-bedders, with a sales rate of 91 per cent.
These units were priced from about $1.34 million, said ERA Singapore chief executive Marcus Chu.
Around 60 per cent of the two-bedroom units and 49 per cent of the three-bedroom units were sold, he added, with the two-bedroom units starting from about $1.81 million and the three-bedroom units from $2.55 million.
Located in District 21 near Beauty World MRT station, the 99-year leasehold project sits on 49,633 sq ft of land acquired at a state tender in 2022 for $200 million, at $1,343 psf per plot ratio.
The condo’s units will be housed in two 20-storey blocks.
The development comprises 32 one-bedroom units ranging from 517 sq ft to 592 sq ft, 48 two-bedroom units sized between 624 sq ft and 829 sq ft, 47 three-bedroom units spanning 1,001 sq ft to 1,270 sq ft and 29 four-bedroom units between 1,356 sq ft and 1,593 sq ft in size. The development also offers two penthouses of 1,356 sq ft and 1,593 sq ft.
A spokesman for Bukit Sembawang said: “The majority of buyers were families with children, with an even distribution of other profiles making up the remaining mix. We also saw a healthy proportion of upgraders and right-sizers.”
Notably, one-third of the buyers were aged between 31 and 40, and 21 per cent were between the ages of 21 and 30.
Almost all buyers were Singaporeans or permanent residents, with one foreign buyer from the United States.
As the first private residential project launched after the Hungry