71 units or 91% of Luxus Hills landed homes in Seletar Hills sold during preview weekend

Prices for Luxus Hills (Signature Collection), a 999-year leasehold landed development in Seletar Hills Estate, range from $3.06 million to $4.2 million. PHOTO: BUKIT SEMBAWANG ESTATES

SINGAPORE - Developer Bukit Sembawang Estates has sold 71 of the 78 homes of its Luxus Hills (Signature Collection) during the preview weekend.

32 homes were sold on Aug 30, the first day of preview, prompting the developer to release the remaining 46 homes for sale. Prices ranged from $3.058 million to $4.2 million.

95 per cent of buyers bought homes for their own occupation, while about three quarters of buyers were 30 to 60 years old, indicating interest from multi-generational families, Bukit Sembawang said. 75 per cent of buyers also opted for flexible deferred payment schemes.

Located in Seletar Hills Estate, the 999-year leasehold landed development comprises 58 intermediate terraces, 10 corner terraces and 10 semi-detached homes. The intermediate terraces are between 3,757 and 3,810 square feet (sq ft) in size; the corner terraces are from 3,541 to 3,671 sq ft, and the semi-detached units, from 3,541 to 3,671 sq ft. The base per-square-foot (psf) price is around $1,894.

Ho Jenny, general manager (marketing) at Bukit Sembawang Estates, said: "We are heartened by the positive response for the Luxus Hills (Signature Collection). Buyers were largely attracted to Luxus Hills because of the large living spaces offered by these rare landed 999-year homes in a family-friendly environment. Our flexible payment schemes with the option for immediate occupancy also proved popular with buyers who could then comfortably plan their move-in and financing timelines."

Among the several payment plans for the project is the Stay & Pay Scheme, under which buyers can move in upon making a 20 per cent down payment. The Reservation Scheme accepts reservations with a 10 per cent deposit, with the rest of the payments to be made in 2021.These schemes are designed for buyers who are waiting for the proceeds from the sale of their property, and owners of properties undergoing en bloc sales, said the developer.

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