Large crowds were seen at the Seaside Residences show suite over the weekend. (Photo: Chang Hui Chew)
The 843-unit Seaside Residences condominium at Siglap Link has attracted strong buyer interest, with 392 of the 560 released units (70 percent) sold during the first weekend of its official launch on 22 and 23 April.
This wasn’t totally unexpected as close to 5,000 people visited the project’s show suite during the preview weekend earlier this month, leading to high expectations of good sales.
About 60 percent of the buyers live in the east, varying from ages 30 to 50, said developer Frasers Centrepoint Singapore.
The 99-year leasehold project comprises one- to five-bedroom units spread across four 27-storey towers. Floor areas range from 420 sq ft to 3,294 sq ft.
According to a sales brochure, prices start from about $885,000 for a one-bedroom suite, $1.3 million for a two-bedroom dual key unit, $1.6 million for a three-bedroom + study apartment, and $2.3 million for a four-bedder.
Sitting on a 207,849 sq ft land parcel, at least 70 percent of the units offer sea views. The site is close to East Coast Park and the future Siglap MRT station.
Christopher Tang, CEO of Frasers Centrepoint Singapore, said: “The strong sales results in this launch phase indicate that buyers value the rare and premium location of Seaside Residences, our thoughtful design, and the building quality that Frasers Centrepoint Singapore is known for. We are encouraged by the response and look forward to completing the seafront project, which will add to the vibrant, green and well-connected Siglap precinct.”
The project’s show suite will remain open daily. It is slated for completion by 2021.