Good response to eCO, One Dusun Residences

Good response to eCO, One Dusun Residences

Braving the traditionally inauspicious Hungry Ghost Festival has boded well for both eCO and One Dusun Residences, which saw keen interest from buyers.
Indeed, the 99-year-leasehold eCO at Bedok South Avenue 3, which is jointly developed by Far East Organization, Frasers Centrepoint and Sekisui House, and is priced at some $1,250 per sq ft (psf), has received in excess of 300 registrations of interest for the 222 units rolled out, since marketing activities for the project started last week.

Most of the interest has been directed at the two-bedroom units, which can range from about 597 sq ft to some 1,181 sq ft, depending on the unit type.

The 752-unit project consists of 246 suites, 220 small-office-home-office (Soho) apartments, 34 townhouses and 252 condominium units, according to marketing brochures.

Residential units at the freehold mixed-development One Dusun Residences, which consist of 154 apartments and 76 shop units, also flew off the shelves.

BT understands that less than 10 apartments are left at the project, which is located at Jalan Dusun (off Balestier Road). The units were priced at $1,400 to $1,500 psf.

According to the marketing material, majority of the units, which are two-bedders, range from about 452 sq ft to 786 sq ft. There are also seven duplex penthouses of two and three-bedroom mix, which range from 796 sq ft to 980 sq ft and 1,087 sq ft to 1,098 sq ft, respectively.

Despite buoyed sentiments, transactions in the market have slowed.

Non-landed private resale transactions dipped 25.4 per cent, from 193 transactions per week year-to-date (on average) to 144 transactions in the first week (Aug 17-23) of the Hungry Ghost Month. Rental transactions too dipped 31.5 per cent, from 648 transactions on average per week year-to-date to 444 transactions in the first week of the seventh lunar month.

HDB resale and rental transactions fell too, from 513 to 278 (45.8 per cent) and from 448 to 307 (31.5 per cent) respectively.

Source: Business Times – 25 August 2012