Tuesday, December 26, 2006

[RealEdge] ST : Buyers snap up Lumiere apartments



Dec 21, 2006

Buyers snap up Lumiere apartments

THE home-buying fever at Marina Bay continued unabated yesterday as buyers thronged the showflat of BS Capital's Lumiere condominium off Shenton Way, some even snapping up whole floors.

The developer is said to have sold all the apartments it released on its first day of sales yesterday, when it opened up units on the ninth to 32nd floors at about 3pm.

Sources said more than 50 units were sold individually, while a number of whole floors - each with five units - were believed to have been reserved beforehand.

Average prices at the 99-year leasehold condominium were said to be about $1,600 per sq ft (psf), or $896,000, for the smallest studio units of 560 sq ft.

But they breached $1,700 psf for the higher floors, significantly above the $1,380 psf 'early-bird' price that was apparently advertised before sales started.

These prices are just a shade under those achieved by nearby Marina Bay Residences, which sold out last week at average prices of about $1,900 psf.

The 45-storey Lumiere, which sits on the former HMC Building site, boasts 168 apartments, four retail units and a sky garden on the 34th floor.

Home buyers can choose from the studio units, the one-bedroom units at 634 sq ft or 678 sq ft, or the two-bedders at 969 sq ft. The condominium's sole penthouse is about 5,000 sq ft.

FIONA CHAN


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