BT : 100 units sold at latest Far East project Altez

Business Times - 17 Feb 2010

100 units sold at latest Far East project Altez

By UMA SHANKARI

FAR East Organization said yesterday it has sold 100 units in its latest residential project, the 280-unit Altez in Enggor Street.

The developer said that during a preview for priority customers last week, 100 of the 104 units released were sold. Prices ranged from $1,600 to $2,000 per sq ft (psf).

The units sold comprised one and two-bedroom apartments from levels 10 to 22 of the 62-storey development.

Far East said that Altez, at 250 metres high, will be Singapore's tallest residential development. It is next to Tanjong Pagar MRT station.

About 60 per cent of the buyers at Altez are foreigners, said Chia Boon Kuah, Far East's chief operating officer for property sales.

'The robust response to Altez demonstrates demand for well-conceived products of value in an excellent location in the city centre,' Mr Chia said.

'With the wide array of amenities and F&B outlets in this area, an MRT station at its doorstep, the upcoming New Downtown nearby and the possible future transformation of Tanjong Pagar into a waterfront city, buyers of Altez are assured of the positive prospects of this area.'

Far East will release more two-bedroom apartments tomorrow. Market watchers say these are expected to be priced higher on a psf basis than those sold already.

Among other amenities, Altez offers five floors of sky gardens and another two storeys of facilities.

Copyright © 2010 Singapore Press Holdings Ltd. All rights reserved.


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