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HO Bee is this weekend previewing its Vertis apartments at Amber Gardens for sale at an average price of about $700 per square foot. The 18-storey development, of 42 units, is being built next to the Chinese Swimming Club.

The Quartz: Average price for the 99-year-leasehold project at Buangkok is $490 psf, with prices of three-bedroom units starting at $500,000

Ho Bee is developing the project on a 20,280 sq ft freehold site it bought in September for $18 million through a tender exercise from the swimming club. Its land price worked out to $317 per sq ft of potential gross floor area.

Ho Bee is also expected to start selling another condominium at Sentosa Cove later this year. This will be on the Baywater Collection site in the upscale waterfront housing district. The 99-year-leasehold project will have about 250 units in blocks of six to eight storeys. Other projects the group plans to launch this year include a 60-unit freehold condo with an Orange Grove Road address and a 55-unit development on a 99-year-leasehold site at Holland Road currently occupied by Evian Condo.

Over in Buangkok, Quek Leng Chan's GuocoLand is holding an official launch this weekend, marked by the start of an advertising campaign for The Quartz, a 99-year-leasehold project next to Buangkok MRT Station. GuocoLand has sold 80 units since it previewed the project about a fortnight ago. To date it has released 150 of the total 625 units in the development. The average price is $490 psf, with prices of three-bedroom units starting at $500,000.

The View@Meyer is another project GuocoLand is expected to launch this year. It will be a 45-storey-freehold project in Katong. On the Singapore Exchange yesterday, Ho Bee shares ended 0.5 cent higher at 77 cents, while GuocoLand shares closed one cent lower at $2.48.