Pent-up demand: Keppel Land sold 80% of Highline Residence units over the weekend

Despite a challenging property market.

Keppel Land sold more than 80% of 160 units which were released over the last weekend.

According to a report by OSK-DMG, the positive response is supported by the following reasons: i) the low new stock supply within Tiong Bahru’s vicinity – the last was four years ago, ii) reasonable pricing. The average pricing was $1,900 psf which is at >5% premium to Wing Tai’s The Crest, and iii) Prime location – Highline Residence will be sitting on one of the most prime location in Singapore. In addition, the project is a mere five minutes’ walk away from Tiong Bahru MRT station.

OSK-DMG believes that Keppel Land will continue to draw more buyers to Highline Residence and will soon release its remaining units to the market.