Majority of the buyers were Singaporeans in their 30s and 40s, comprising both investors and owner-occupiers. Photo: Wing Tai Asia
Despite the coronavirus outbreak, Wing Tai Asia sold 70% or more than 360 of its 522 units for their latest condominium project, The M, over the weekend.
The units were sold at an average price of $2,450 per sq ft (psf).
Majority of the buyers were Singaporeans in their 30s and 40s, comprising both investors and owner-occupiers, revealed Stacey Ow Yeong, Head of Marketing at Wing Tai Property Management.
“Many of them were drawn to The M’s prime location in the Ophir-Rochor Corridor which is rapidly transforming into a vibrant, mixed-use and eventually car-lite district, our unique work-life design concept and our reasonable pricing,” she noted.
Over 2,000 people flocked to The M’s sales gallery when it opened to the public on 15 to 16 February.
To ensure the well-being of clients, various health and safety precautions were set up including hourly cleaning of the sales gallery, collection of contact details, temperature screening and limiting the number of individuals inside at any one point in time.
And given the strong interest seen during the first weekend, balloting was conducted between 8:30am and 3pm on 22 February.
The M comprises three 20-storey towers and one six-storey tower. It offers studio and one- to three-bedroom units, measuring between 409 sq ft and 904 sq ft.
The studio and one-bedders feature a novel Home/Work design concept, allowing the living areas to be transformed into workspaces.
“Unique design elements include a multi-function kitchen table for dining and entertainment that can be converted into a work desk, and a sliding wardrobe that doubles up as workspace storage solution,” said Wing Tai.
A short walk to the City Hall, Bugis and Esplanade MRT stations, The M is located near shopping malls, offices and medical facilities within the central business district.
The M is slated for completion in the first quarter of 2024.
Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email email@example.com