2 Condo Projects attract strong interest

With their strategic location next to MRT stations, CapitaLand’s Sky Habitat and UOL’s Katong Regency are expected to attract relatively strong interest from buyers during their respective launches.

According to DBS, pre-marketing for both developments showed that “indicative interest is relatively decent.”

Sky Habitat, near Bishan MRT station and Junction 8, has 509 units, of which about 42 percent are one- to two- bedders of 635 sq ft to 1,453 sq ft, while 43 percent are three-bedders starting from 1,216 sq ft each.

Meanwhile, Katong Regency by UOL is a mixed residential and retail development near the former Lion City Hotel site, which is expected to have its soft launch within the next two weeks.

The development comprises 244 units — 59 percent are one-bedroom units while 24 percent are two-bedders, ranging from 549 sq ft to 1,238 sq ft in size.

“Given the convenience of the location five minutes from MRT station and lack of supply of such products in the vicinity, we expect investment take up to be strong for this project,” noted DBS.

Strong investment demand for these projects is expected, as “investment appetite for physical property continues to be relatively robust,” backed by the low interest rate environment.

Source : Channel NewsAsia – 11 Apr 2012