Arina East Residences sells 10 units in launch weekend

The freehold status of the development was cited as an important factor for long-term buyers.

Freehold project Arina East Residences sold 10 units on its launch weekend, representing about 9% of the development’s 107 units, according to comments from both Huttons Asia and PropNex.

Mark Yip, CEO of Huttons Asia, noted that the timing of the launch played a role in the initial sales performance. “The launch of the project came during a trying period when the market was facing uncertainties caused by the tariffs. The short 1-week launch during the June school holidays may have an influence on the sales number,” Yip said, adding sales will pick up after this period.

PropNex CEO Ismail Gafoor shared similar sentiments, explaining that "smaller projects with around 100 units in the development tend to see more measured take-up rate at first, unlike the bigger projects with more units for buyers to choose from."

He added that since this was “a placement exercise – not a full project launch – and it has only been one week since the project previewed, some prospective buyers may have yet to review this development.”

Most of the buyers so far have been Singaporeans, with PropNex stating that the transactions included “seven units of the two-bedroom unit types, a three-bedroom unit, and two four-bedders,” at prices ranging from about $2,880 psf to $3,250 psf. The average price achieved was $3,008 psf.

Both agencies emphasized the project’s strong fundamentals. “After all, this is the first project in Tanjong Rhu in 12 years. The limited supply has driven price appreciation of surrounding projects in the past 15 years,” Yip pointed out.

Gafoor highlighted Arina East Residences’ location advantages, saying it is “within walking distance to the Katong Park MRT station (Thomson-East Coast Line) and is in the popular Tanjong Rhu area in the city fringe which is known for its waterfront homes, tranquil vibes, and proximity to the Kallang recreation and lifestyle hub.” He also noted potential upside from ongoing developments such as the Kallang Alive Masterplan.

The freehold status of the development was cited as an important factor for long-term buyers. PropNex stated that “buyers who are looking at legacy planning or an asset to hedge against inflation over the long-term may also consider this project, given its freehold land tenure.”

In terms of price competitiveness, PropNex compared Arina East Residences to nearby freehold projects. “Meyer Blue sold 17 units at an average unit price of about $3,150 psf, while The Continuum shifted 51 units at an average unit price of about $2,920 psf,” Gafoor said, adding that Arina East’s pricing is "relatively competitive."

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