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Condo buyers undeterred by Hungry Ghost month

Strong demand for units as prices matter more to younger buyers

Published on Sep 4, 2012 6:00 AM
 
-- GRAPHICS: MIKE M DIZON

Buyers have not let the traditionally inauspicious Hungry Ghost Festival deter them from snapping up units at several projects in recent weeks.

Price - not superstition - is the prevailing view among many buyers it seems, particularly younger ones.

City centre condo V on Shenton has sold 27 units in the past week, bringing total sales to 217. The 510-unit project was launched at the end of July and is selling for an average of $2,200 per sq ft (psf).

Mr Michael Ng, group general manager of developer UIC, said the condo benefited from the announcement of the upcoming Thomson MRT line, which will be ready in phases from 2019. The Shenton Way station will be built just behind the condo, which will be ready by 2017.

 
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