169 views
Photo from terrahills.sg

Terra Hills sells 38% of units at launch

Units sold for an average price of more than $2,650 psf.

Terra Hills in Pasir Panjang sold 102 (38%) of its 270 units during its launch, data from PropNex showed.

The average price of units sold during the launch was more than $2,650 psf.

“We think the average transacted price is reasonable in today’s market for a freehold development in the city fringe. The take-up rate of over one-third sold at Terra Hill is also generally within our expectations, in view of the high interest rates,” PropNex said.

“Buyers may now need more time to come to a decision, and with more new launches coming up this year, some of them could be looking at comparing options before they purchase a property,” the real estate expert added.
 
Meanwhile, transactions from PropNex’s agents showed that many of Terra Hills' buyers were Singaporeans.
 

Follow the link for more news on

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!

Exclusives

ION Orchard marks 15 years as a premier retail destination
The mall is proactive in conducting surveys to identify trends and optimise its tenant mix.
Retail
ION Orchard leads charge in sustainable takeaway practices
 Shoppers will enjoy discounts when they opt for a reusable mug or food container from Muuse.
Lendela on why banks need fintechs to buoy loan growth
Loan demand has doubled in Singapore, and fintechs can help onboard quality clients.