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Photo from CDL

Lumina Grand sells 53% of units on weekend launch

The average launch price was $1,464 psf.

Lumina Grand sold 53% or 269 of its 512 units on its weekend launch.

City Developments Limited (CDL), the property's developer, said the average launch price was $1,464 per square foot (psf), with an additional 3% applied to units sold under the deferred payment scheme.

CDL offered an early bird discount of $8,000 across all unit types on 27 January.

The three-bedroom premium and four-bedroom units were the most popular amongst homebuyers.

A three-bedroom premium costs $1.388m, and the price of a four-bedroom is $1.628m.

Meanwhile, a three-bedroom and a five-bedroom cost $1.338m and $2.098m, respectively.

CDL said Lumina Grand also reached its second-time buyer quota during the launch.

Under prevailing EC regulations, only 30% of the project can be allocated to second-time buyers during the initial launch.

"Interested second-time buyers who were unable to purchase a unit during this initial launch period can make their bookings one month later," CDL said.

"E-applications for second-time buyers will take place from 17 to 26 February, and sales booking will commence on 2 March 2024," CDL added.


 

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