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KWEK Leng Beng's City Developments has sold close to 50 units at its Residences @ Evelyn freehold condominium since it began previewing the Newton area freehold project last weekend.

Residences@Evelyn: The 50 units sold so far include both penthouses measuring about 3,500 sq ft each and priced at about $4.5 million per unit

The average price is $1,225 per square foot.

So far, the listed property group has released only one tower, with 106 units.

The 50 units sold so far include both penthouses measuring about 3,500 square feet each and priced at about $4.5 million per unit.

The project, which is being marketed by CB Richard Ellis and ERA, has 208 units in two 33-storey towers.

Two-bedroom apartments of about 1,200 sq ft cost about $1.35 million on average, while three-bedder units of about 1,600 sq ft are priced at around $1.85 million.

Four-bedroom apartments of 2,250 sq ft cost $2.7 million each.

Residences @ Evelyn was also previewed in Hong Kong last weekend and the project is expected to be marketed in Jakarta this weekend.

Nearby, Lippo has sold 53 units in its freehold Newton One condo since it previewed the development two weeks ago.

The average price is $1,250 psf.

The 29-storey project has 91 units in total and is the Indonesian group's first residential development in Singapore.

City Developments is developing Residences @ Evelyn on a 116,508 sq ft freehold site.

The listed property company is expected to launch more than 1,000 residential units this year.

Besides Residences @ Evelyn, its other project launches this year include the high-end St Regis Residences with 173 units, which it has begun selling, a 264-unit condo at Sentosa Cove and 100 units of the 175-unit Kings Centre Plot 3 condo.