RESIDENTIAL PROPERTY | Krisana Gallezo-Estaura, Singapore

KAP Residences' residential units sold out

Only a few commercial units left.

Singapore Business Review's spotcheck with agents found that the mixed development sold all its residential units for $1,705 psf on the average in just two weeks.

According to agents, road-facing units were sold for about $1,800 psf and $1,900 psf for those facing the pool. Some units were sold as low as $1,400-1,600 psf.

135 of the 142 residential units were sold on its first week of launch. 93 of the 107 commercial units meanwhile were snapped up for $5,446 psf. A 1,700+ square feet 5BR bedroom was sold for $2.5 million on the first day.

There's no definite sales figure for commercial units yet.

According to agents most of the loft- style commercial units are still available for $5,000- 6,000 psf.

The freehold development is in District 21 and near popular schools like Methodist Girls' School and National Junior College.

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