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SG More new projects hitting the market

Property Here - Friday, October 11, 2013

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Two private residential developments are expected to enter the market in the coming weeks as developers find little incentive to hold back new launches. 

The Inflora, a 396-unit condominium located along Flora Drive in Upper Changi will open its showflat from this weekend, while sales bookings commence on 25 October. 

Situated on a 233,576 sq ft site, The Inflora is being developed by Tripartite Developers, a consortium comprising Hong Leong Holdings, City Developments Limited (CDL) and TID Pte Ltd. 

The 99-year leasehold property features nine eight-storey blocks of one- to four-bedroom apartments and dual-key units. Sizes range between 462 sq ft for a one-bedroom to 1,463 sq ft for a dual-key. Prices will start from over S$400,000.

Betsy, Chng, Head of Sales and Marketing at Hong Leong Holdings, said: “This is the latest project in our series of alphabetically named developments. Similar with our other projects, we believe that The Inflora will attract HDB upgraders and Gen Y house buyers with its competitive prices.”

The Inflora is expected to obtain TOP in March 2017.

Meanwhile, The Venue Residences and Shoppes which comprises 266 apartments and 28 retail and dining units will open for preview sale on 18 October. 

Developed jointly by CDL and Hong Leong Holdings, the mixed development is situated along Tai Thong Crescent and is close to Potong Pasir MRT station. 

In a statement, CDL said that it plans to market the residential units at an average price of S$1,450 psf, in line with prices of new project launches in the vicinity. Moreover, an early bird discount off the S$1,450 psf will be given on the preview day.