Woman splurges on $1.37 million condo @ECO as investment for son

AsiaOne
Friday, Sep 21, 2012

SINGAPORE - A 56-year-old retiree told The Straits Times she bought a $1.37 million three-bedroom apartment for her son as an 'investment'.

Ms Soh Poh Neo said she found the location in Bedok South Avenue 3 and the reasonable pricing and nature-inspired concept of eCO appealing.

Buyers snap up units at eCO@Bedok South Click on thumbnail to view (Photos: ST, eCO@Bedok South)

So far, more than 220 apartments at the 748-unit project have been purchased.

Almost all the buyers were Singaporeans and permanent residents. According to the English daily, eCO's proximity to Tanah Merah MRT station, Changi Airport, Bedok Central and good schools were all reasons for purchasing a unit.

Ms Soh said the 1,152 sq ft unit has other draws such as its value and the potential upside she can get from the project. It is also cheaper compared to other condos nearby such as Optima and Casa Merah.

Fears of rising property prices on the back of costlier land and higher construction costs also encouraged her to purchase the unit.

Another buyer said the location was the clincher. The proximity of the MRT station and nearby amenities helped him make up his mind.

The businessman bought a 1.038 sq ft three-bedroom investment unit for about $1.24 million.

Homes at eCO were sold for about $1,250 per sq ft. Prices start at $745,000 for a 549 sq ft one-bedder.

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Strong demand for eCO

  luxuryasiahome ⋅ September 21, 2012 ⋅

Of the 262 units released at the 99-year leasehold eCO in Bedok South Avenue 3, over 220 were snapped up on the first day of its preview, according to The Business Times.

Units at the 748-unit development were selling at S$1,250 psf on average, said marketing agents. Around 95 percent of the buyers are Singaporeans and permanent residents (PRs).

Those who committed to buy units on the first day were entitled to discounts of up to 18 percent, including early-bird, loyalty, and vicinity discounts. The discounts have since been scaled back by around four percent, pushing average selling prices to about S$1,300 psf.

Jointly developed by Far East Organization, Frasers Centrepoint, and Sekisui House, eCO comprises 246 suites, 220 Soho (small-office-home-office) units, 248 condo units, and 34 townhouses. A 549 sq ft one-bedroom suite is priced from S$745,000.

Three of the five blocks launched are almost fully sold, said agents, adding that the two-bedders were the fastest selling units.

Lee Sze Teck, Senior Manager, Training, Research and Consultancy at DWG, said: “eCO’s average selling price psf is very competitive relative to Optima, which, based on caveats lodged with the Urban Redevelopment Authority (URA), is averaging S$1,200 psf to S$1,250 psf. Smaller units at Optima go for as high as $1,500 psf.”

eCO is set to obtain its TOP (temporary occupation period) in 2017.

Source : PropertyGuru – 21 Sep 2012

“eCO”公寓首期推出 262单位卖出220多个

华京京 (2012-09-21)

“eCO”示范单位从前天傍晚起开放后，约有300人陆续前往参观。（发展商提供）

　　农历七月刚在上周结束，发展商在本周已迫不及待地推出新项目，而市场反应似乎也相当不错。位于勿洛南3道的“eCO”公寓项目在前天正式推出，截至昨日下午已经卖出第一期262个单位中的220多个。

　　这个由远东机构、星狮地产和日本积水住宅（Sekisui House）携手发展的99年地契项目，共有748个面积介于549至3854平方英尺的单位，预计于2017年底取得临时入伙准证（TOP）。

　　项目示范单位从前天傍晚起开放后，约有300人陆续前往参观，并在不到24小时内就卖出超过220个单位，买家中95％是新加坡公民或永久居民。

　　就单位尺价而言，发展商并未透露具体数字，只是表示说最小的549平方英尺单位售价从74万5000元起。如果以此来计算，尺价大约是从1357元起。

　　项目以贴近大自然为主要设计概念，希望将SOHO家居、套房公寓（Suite）、时尚公寓（Condo）、复式阁楼（Loft）、联排别墅（Towohouse）等五种单位类型，与大自然的动植物美景取得完美结合。

　　远东机构营运总裁（房地产销售）谢文华表示，生态环境（ecology）讲求动植物与其周遭环境的微妙和可持续性关系，这个概念激发了这个最新项目的发展理念。

　　项目相信是勿洛南一带近30年来的首个私宅项目，距离丹拉美拉地铁站约400公尺，附近主要道路包括东海岸公园大道和泛岛高速公路等。

　　长益集团今预售Gambir Ridge

　　与此同时，长益集团（TA Corporation）也在今天预售其位于甘必径（Gambir Walk）的永久地契私宅项目“Gambir Ridge”。

　　该项目包括两座五层高的住宅楼及一个地下停车场，共有77个单卧室至四卧室单位，面积介于614至1938平方英尺，预计将于2015年底取得临时入伙准证。

　　项目所处位置靠近巴特礼和兀里地铁站，附近的学校包括海星中学、圣加俾尔中学等，购物商场则有NEX商场、高文心邻坊（Heartland Mall）等。

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