Nanshan Group, a native developer based out of China, recently put up for sale its first project, a private condo at Lorong Puntong known as Thomson Impressions. Its median selling price is $1,400 per square feet and the condo comprises of 288 units in total number . It is located on land parcel with a 99-yr lease-hold.
A combined venture was formed recently between Vico Construction and Nanshan Group to jointly develop this project. This was bought in October of 2013 for the total cost of $173.57 million. It is equals to $731.10 psf for Lorong Lew Lian Condo.
Due to the tenure of the land, freehold properties are often more appealing to buyers in the open resale market as compared with lease hold condo units. This is clearly illustrated by https://www.piermontgrands.com.sg. Nevertheless, the higher competitive asking prices of these leasehold properties could have triggered a constant growth inside the number setting up for auction in CDL Serangoon Condo.
It was further enhanced that this group, each unit is designed in such way that the main bedroom is able to fit in a king sized bed, while the commom bedrooms, a queen sized bed is able to fit in.
This condo is located about 600 m away from Thomson MRT lines. This is also walking distance to Bright Hill MRT station. The total sales and the collection number of houses to be auctioned off went up by 9% through the second quarter. In particular, 5 were under owner’s sale and this convert to a success of 7.8 percent because there were 73 residential property readily available in this segment. However there are two homes out of 75to be bought in this segment in Q3 2015 at Punggol CDL Condo.