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First Private Condo in Tengah Nearly Sold Out at Launch
The project drew mainly Singaporean buyers as analysts cited its entry prices, transport links and long-term growth prospects.
Summary by Channel News Asia
5 Articles
5 Articles
Tengah Garden Residences Sells 99% Of 863 Units — But Vela Bay Hit A Different Benchmark
Tengah Garden Residences sold 853 of 863 units on its opening weekend at an average of $2,120 psf, while Vela Bay sold 371 of 515 units at $2,886 psf, capping a strong double-launch weekend in Singapore's new launch market.
Tengah Garden Residences 99% sold at launch, at average price of $2,120 psf
About 853 units (98.8%) of the 863-unit Tengah Garden Residences were sold on launch weekend by 3pm April 26, at an average price of $2,120 psf. Demand was robust across all unit types, with only 10 units available, mainly the largest four-bedroom premium with yard. Singaporeans accounted for 90% of purchasers, highlighting strong local demand for well-located, thoughtfully designed homes. “Buyers were drawn by the project’s attractive pricing…
Coverage Details
Total News Sources5
Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
Factuality
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