{"id":100911,"date":"2018-11-05T09:41:32","date_gmt":"2018-11-05T02:41:32","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/150-whistler-grand-units-sold-at-launch\/"},"modified":"2018-11-05T10:03:21","modified_gmt":"2018-11-05T03:03:21","slug":"150-whistler-grand-units-sold-at-launch","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/150-whistler-grand-units-sold-at-launch\/","title":{"rendered":"150 Whistler Grand units sold at launch"},"content":{"rendered":"


\nArtist\u2019s impression of the condo gym at Whistler Grand.
\nWith many of the units priced below $1 million, Whistler Grand condo in West Coast Vale moved 150 of the 240 units launched as of 5pm on 3 November, reported the Straits Times.
\nCity Developments Limited (CDL) head of property development Lee Mei Ling attributed the healthy take-up at the 716-unit development to \u201ca combination of affordability, good location and design\u201d.
\n\u201cThe 150 units sold represent a 21 percent take-up rate, which is healthy. After the total debt servicing ratio (TDSR) was introduced in 2013, the take-up rate was only about half of (yesterday\u2019s) rate,\u201d said Savills Singapore senior director Alan Cheong.
\nFirst-time buyers and en bloc sellers looking for replacement homes were attracted by the average selling price of $1,380 psf. Special prices for one-bedders started from $608,000.
\n\u201c$1,380 psf is a good number, taking into account the uncertainty over the High-Speed Rail (HSR) project between Kuala Lumpur and Singapore, which used to be a selling point,\u201d said Cheong.
\nEstimate your maximum property affordability with our\u00a0Affordability Calculator
\nJarvis Goh, associate group director at PropNex, noted that the HSR is just one component of the blueprint for Jurong area\u2019s rejuvenation, which includes transforming it into Singapore\u2019s second central business district.
\nFirst-time buyer Jonathan Kee believes current prices are attractive considering Jurong\u2019s redevelopment prospects. The 40-year old engineer purchased a one-bedroom unit at the 99-year leasehold project, which comprises two 36-storey towers, for $700,000 as an investment.
\nA 45-year old en-bloc seller, who wanted to be identified only as Leow, purchased a $1.4 million three-bedroom unit even though his current condo is yet to achieve the 80 percent mandate to launch a collective sale. \u201cIf the en bloc sale doesn\u2019t go through, we will sell our condo and move to Whistler,\u201d he revealed.
\nThe strong take-up rate at Whistler indicates that CDL\u2019s \u201cstrategy to offer sensitive prices post-cooling measures is working\u201d, said PropNex Realty chief executive officer Ismail Gafoor.
\n\u201cOf the 150 expressions of interest that PropNex agents got, more than 80 committed to buy, which is a good conversion rate. Typically, the successful conversion rate of expressions of interest to actual buy is about 40 percent. But our agents had slightly over 50 percent successful conversion,\u201d he added.
\nRead our\u00a0Step-by-Step Guide\u00a0to buying a condo.\u00a0
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…150 Whistler Grand units sold at launch<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of the condo gym at Whistler Grand. With many of the units priced...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-100911","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qfB","jetpack-related-posts":[{"id":103947,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sales-at-cdl-projects-remain-healthy-report\/","url_meta":{"origin":100911,"position":0},"title":"Sales at CDL projects remain healthy: report","date":"February 13, 2019","format":false,"excerpt":"\r Artist\u2019s impression of the condo gym at Whistler Grand. Whistler Grand, a 716-unit condominium in West Coast Vale in District 5, has found buyers for 251 units or 83 percent of the 300 units released for sale, according to latest data from the Urban Redevelopment Authority (URA). The units\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100386,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/whistler-grand-to-launch-at-1380-psf-on-average\/","url_meta":{"origin":100911,"position":1},"title":"Whistler Grand to launch at $1,380 psf on average","date":"October 23, 2018","format":false,"excerpt":"\r Artist\u2019s impression of the condo gym at Whistler Grand. City Developments Limited (CDL) opened its latest residential project Whistler Grand for preview last Saturday (20 Oct). Located along West Coast Vale, overlooking Bukit Timah Nature Reserve and Pandan Reservoir, the 716-unit condo project comprises two 36-storey towers, with 80\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101566,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-condo-showflats-to-visit-this-weekend\/","url_meta":{"origin":100911,"position":2},"title":"5 condo showflats to visit this weekend","date":"November 23, 2018","format":false,"excerpt":"\r A crowd of potential buyers checking out Parc Esta\u2019s showflat. (Photo: MCL Land) Thinking of buying a new home soon?\u00a0 Well, to help you with your house hunting, we have come up with a list of recently opened condo showflats that you can visit this weekend. 1. Parc Esta\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102353,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-rebound-in-november-amid-surge-in-new-launches\/","url_meta":{"origin":100911,"position":3},"title":"Private home sales rebound in November amid surge in new launches","date":"December 18, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Kent Ridge Hill Residences, a new condominium located right at the edge of Kent Ridge Park. Singapore saw developers\u2019 sales soar 146 percent month-on-month to 1,198 units (excluding executive condos (ECs)) in November, on the back of healthy demand for several new launches. On an annual\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116043,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sales-of-luxury-condo-rose-72-in-q1-despite-market-uncertainties\/","url_meta":{"origin":100911,"position":4},"title":"Sales of luxury condo rose 72% in Q1 despite market uncertainties","date":"May 4, 2020","format":false,"excerpt":"\r OrangeTee & Tie attributed the stellar sales to the new sale segment where 554 new luxury condominiums were sold in Q1 2020. Singapore\u2019s luxury home segment defied the odds of the current market uncertainties, with sales of non-landed luxury homes surging 72% year-on-year to 965 units in the first\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110877,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/parc-clematis-accounted-for-28-17-of-augusts-sales\/","url_meta":{"origin":100911,"position":5},"title":"Parc Clematis accounted for 28.17% of August\u2019s sales","date":"September 18, 2019","format":false,"excerpt":"\r According to reports, buyers generally remained price-sensitive and value-discerning, opting for projects near transport links and priced at affordable quantum. Parc Clematis, the top selling private residential project in August, accounted for 28.17 percent of the 1,122 units sold last month. Located at Jalan Empeng, the 99-year leasehold development\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/100911"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=100911"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/100911\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=100911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=100911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=100911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}