Thursday, September 28, 2006
[RealEdge] BT : More than 50% of Ardmore II units sold
| Published September 28, 2006  | |||
| More than 50% of Ardmore II units sold WHEELOCK Properties, which conducted a soft launch of its latest luxury condominium, Ardmore II, on Tuesday, said yesterday that more than half of the units were snapped up on the very first day. About 52 per cent of the 118 units at Ardmore II, located in the prime Ardmore Park area, were sold, said the company. Ardmore II offers four-bedroom luxury apartments at prices between $4.2 million and close to $5.5 million. At a standard 2,023 square feet a unit, the average price of the units works out to $2,300 psf. Even before the soft launch, interest in the development was high, said Tan Bee Kim, general manager for marketing at Wheelock Properties. Tuesday's launch was via appointment only, and all appointment slots were fully booked. Wheelock offered five appointments for each half hour period. Ms Tan said the project saw especially strong interest from buyers of Wheelock's previous developments such as The Cosmopolitan and Grange Residences. 'We are delighted and encouraged that our development has attracted such enthusiastic response and definitive endorsement from our past purchasers,' she said. 'For the soft launch, we are giving a discount of about 10 per cent, but depending on the response, we will review the pricing.' For Ardmore II, most of the buyers (80 per cent) were locals, said Wheelock. Ms Tan said Wheelock's past projects usually had a good mix of Singaporean and foreign buyers. For The Cosmopolitan, Singaporeans account for about half of purchases; for Grange Residences, locals make up 60 per cent of buyers. Designed by Architects 61, Ardmore II's two 36-storey towers sit on 90,000 sq ft of land across from the Shangri-La Hotel. The development is targeted for completion at end-2009. | |||
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