Weekend launches see robust take-up rates

Oxley Holdings sold 129 homes of the 170-unit The Verandah Residences at an average $1,815 per sq ft. Buyers at the phase one launch of Park Place Residences last year. In the phase two launch over the weekend, Lendlease sold 149 residential units of
Buyers at the phase one launch of Park Place Residences last year. In the phase two launch over the weekend, Lendlease sold 149 residential units of the Paya Lebar project, with an average price of $2,000 psf.LIANHE ZAOBAO FILE PHOTO
Oxley Holdings sold 129 homes of the 170-unit The Verandah Residences at an average $1,815 per sq ft. Buyers at the phase one launch of Park Place Residences last year. In the phase two launch over the weekend, Lendlease sold 149 residential units of
Oxley Holdings sold 129 homes of the 170-unit The Verandah Residences at an average $1,815 per sq ft. PHOTO: FACEBOOK/VERANDAH RESIDENCES BY OXLEY

Brisk sales at private home projects raise hopes of a strong year for housing market

Buyers were out in force over the weekend with robust take-up rates at new launches raising expectations that the year will be a good one for the housing market.

Local developer Oxley Holdings sold 129 homes or 76 per cent of the 170-unit The Verandah Residences at an average $1,815 per sq ft (psf) in two days, while Lendlease sold 149 units in the phase two launch of Park Place Residences.

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A version of this article appeared in the print edition of The Straits Times on April 10, 2018, with the headline 'Weekend launches see robust take-up rates'. Print Edition | Subscribe