Frasers' Parc Greenwich hits record high with 65% units sold during launch

322 of 496 units were sold during the first weekend. 

Frasers Property announced that Parc Greenwich is its best-selling executive condominium (EC) so far this year. 

65%, or 322 of 496 units, were sold during the weekend launch from 11 to 12 September. 

The development project, located next to the Seletar Hills, is composed of nine residential towers of 14 storeys. units as two-bedroom, five-bedroom apartments and penthouses with varying sizes are available. 

Prices range from $895,000 for a two-bedroom unit to $1.7m for a five-bedroom unit. These were sold at an average price of $1,200 per square foot. 

Out of the 322 units sold, 174 were taken by first-time homebuyers. Second-time buyers, meanwhile, took up 148 units, which makes up the quota for units that be allotted to them under the EC regulations. 

All two-bedroom and five-bedroom units were sold, with a positive response for the three and four-bedroom units. 220 of the 370 three-bedroom and 74 of the 98 four-bedroom units were taken up.

"The development’s proximity to next-generation, vibrant commercial, digital, and industrial hubs in Singapore’s northeast region is highly valued by homebuyers," Lorraine Shiow, acting CEO of Residential (Singapore), Frasers Property Singapore said.

Parc Greenwich is District 28’s first EC launch since 2013.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Thanks to the renewal of interest in the Singapore market.
The electronics cluster showed the most optimism.
The initiative aims to improve the overseas service exports environment.
This is the group’s 2nd sustainability notes issuance in the SGD bond market.
A Jefferies report said Singapore banks have enough buffers.
HongkongLand, CapitaLandInvest, and ComfortDelGro showed the most growth.
Mizuho Securities Asia Limited will be the notes dealer.
The company’s first batch has been fully allocated in the country.
The total consideration of up to $539m over three years will take effect. 
This is to address the increased global demand for healthcare products.
Thanks to the company's improved distribution channels.
Hiring activities online increased by 55.7% in August.
CapitaLandInvest, Capland IntCom T, and Sembcorp Industries showed the most growth.
This low turnout is due to the large quantum of the project, experts say.