Weekend launch for UOL condo
22 Jun 06
UOL Group will launch its 257-unit Southbank near Lavender MRT station this weekend. The leasehold development comprises a 197-unit block of one, two and three-bedroom units and penthouses that will go for an average price of $600 psf.
A second block of 60 single-level and duplex-level small-office-home-office (Soho) units will go on sale for about $750 psf.
UOL's chief operating officer Liam Wee Sin believes the trend for inner-city living by the water will ensure sales of Southbank. 'With the complete sell-out of Regency Suites' Soho units within a week of launch, UOL is confident of the take up for Southbank's Soho units,' he said. Soho units at the Regency Suites in Tiong Bahru were launched last year at $650-$970 psf. The project's 84 residential units were priced at $700-$750 psf on average.
In 2004, CapitaLand launched Citylights, also near Lavender MRT station at an average price of $590 psf, followed by RiverEdge condominium at Tanjong Rhu in November 2005 at an average price of $590 psf.
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