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Sun, November 29, 2020 – 5:17 pm
Home buyers purchased more than 90 percent of the 120 units released for The Landmark on Saturday, the first day of sales.
The 110 units sold represent about 30 percent of the 396 units in the 99-year lease condo.
Of the units sold at 7 p.m. Saturday, about half were one-bedroom units with a starting price of S $ 1,955 per square foot (psf). Units were sold at an average price of S $ 2,250 psf.
Most of the buyers were Singaporean citizens and permanent residents, the developer said in a statement.
Kain Sim, co-founder and group president of ZACD, said she believes home buyers are drawn primarily by its stunning views of the Singapore skyline, as well as nearby amenities and location.
ZACD is part of the joint venture behind this unique 39-story development on Chin Swee Road. Other members of the developer consortium include MCC Singapore and SSLE Development.
Ms Sim added: “We also want to position The Landmark as an attractive investment that could benefit from the upcoming Thomson-East Coast line MRT line, Greater Southern Waterfront, the central medical center expansion under the Campus Master Plan of SGH, as well as several ongoing Central Business District (CBD) rejuvenation plans, all in close proximity. “
Ken Chew, General Manager of SSLE Development, said: “To allow more homebuyers to own a portion of this attractive residential address, we have kept our prices relatively affordable during launch … We expect a larger population to be inhabited within and around the CBD will add more vitality to this neighborhood. “
The Landmark will also feature five decks of lifestyle facilities at various heights and three levels of basement parking.
Sales reservations for The Landmark were made through a virtual event at five locations. The development is expected to obtain a temporary occupancy permit in March 2025.
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