The upcoming Landmark residential development, near Outram Park, has seen a strong level of buyer interest after only its first day of sales on Saturday. Over 90% of the 120 selected units that were made available achieved a sale.
These consisted of 1, 2, and 3-bedroom condominiums, with around half of the sales for single bedroom units.
The first tranche of units that were made available represent around 30% of the full development, with the remainder slated for sales later in the project's development.
Kain Sim, Co-founder and Group Chairman of ZACD, the developer, said the prime, central location and focus on green spaces had helped to lock in buyers during what has been an uncertain period for residential projects in Singapore.
“We believe that the homebuyers of The Landmark are mostly drawn to its garden-in-the-city location, comprehensive range of nearby amenities, as well as breathtaking views of the Singapore city-centre skyline," she said.
"We also want to position The Landmark as an attractive investment which could stand to gain from the upcoming Greater Southern Waterfront, Thomson-East Coast MRT Line, expansion of the central medical hub under SGH Campus Master Plan, as well as various ongoing CBD rejuvenation plans which are all within close proximity.”
Bounded by the Central Business District and Pearl’s Hill City Park, The Landmark comprises a single 39-storey tower with 396 units of 1- to 3-bedroom units, five decks of lifestyle facilities at various heights, and three levels of basement car park. The Landmark is expected to obtain Temporary Occupation Permit in March 2025.
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