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SG Overwhelming demand seen for Alex Residences

Property Here - Friday, November 15, 2013

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The 429-unit Alex Residences condominium near Redhill MRT station attracted keen interest during its preview sales on Wednesday, with all 150 units initially released sold.

Given the strong demand, its developer SingLand released another 50 units under phase one with average prices at S$1,650 psf. The launch date was also moved forward from Saturday to yesterday (14 November). 

Set to be completed in February 2019, Alex Residences comprises one- to three-bedroom units with resort-like facilities spread across the first floor and three levels of sky terraces. A panoramic sky pool is the highlight on the 40th floor roof deck which comes complete with function rooms. 

The condo is centrally located within the Alexandra Road/River Valley area and is a five-minute drive to Orchard Road, Marina Bay, the central business district and the future Southern Waterfront area where Sentosa Island and VivoCity are situated. 

Danny Yeo, Group Managing Director at marketing agent Knight Frank Singapore, said: “Alex Residences has excellent city fringe locale, extensive transportation connectivity and close proximity to an array of amenities (that) will appeal to many home buyers. Over the past couple of years the Alexandra/River Valley area has undergone a complete gentrification into a choice residential enclave where property investment had yielded good returns and rentals are strong.” 

“With an average launch price of S$1,650 psf we definitely expect very strong demand for Alex Residences. Simply because that is the price a buyer would pay for a sub-urban address but now you get a city fringe address that is highly sought after,” he added.