{"id":101193,"date":"2018-11-13T11:10:03","date_gmt":"2018-11-13T04:10:03","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/kent-ridge-hill-residences-sells-116-units\/"},"modified":"2018-11-13T12:02:51","modified_gmt":"2018-11-13T05:02:51","slug":"kent-ridge-hill-residences-sells-116-units","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kent-ridge-hill-residences-sells-116-units\/","title":{"rendered":"Kent Ridge Hill Residences sells 116 units"},"content":{"rendered":"


\nBuyers waiting for their numbers to be called during the balloting process at Kent Ridge Hill Residences\u2019 showflat. (Photo: Oxley Holdings)
\nKent Ridge Hill Residences, a residential project by Oxley Holdings in 50 South Buona Vista Road, has sold 116 units or over 46 percent of the 250 homes released for sale in just two days after it was launched on Saturday (10 Nov).
\nAccording to an SGX filing on Monday (12 Nov), 80 percent of the units taken up consisted of one- and two-bedroom apartments. The remaining 20 percent were three-bedders, five-bedroom penthouses and strata landed homes.
\nThese were sold at an average price of $1,700 psf. Around 80 percent of the buyers are Singaporeans, while the rest are permanent residents (PRs) and foreigners.
\nEstimate your maximum property affordability with our\u00a0Affordability Calculator
\nLocated near the 1,000ha Greater Southern Waterfront site and an eight-minute walk to Pasir Panjang MRT station, the 99-year leasehold development consists of 498 private condos and 50 strata landed houses.
\nAside from having good accessibility to public transport as well as educational hubs and business centres, the residential project comes with various facilities.
\n\u201cSituated next to the Kent Ridge Park and surrounded by landed properties and low-rise apartments, residents at Kent Ridge Hill Residences will enjoy an exclusive, luxurious and serene lifestyle. With (its) launch, we are one step closer to our sales target of 2,000 units in 2018,\u201d said Oxley Holdings\u2019 Executive Chairman and CEO Ching Chiat Kwong.
\nHe noted that the development was strongly received by buyers despite the imposition of new property cooling measures on 6 July. One reason for this is the more attractive pricing.
\n\u201cThe cooling measures imposed by the Singapore government have achieved its objective in softening home buyers\u2019 sentiments. Fortunately, Oxley\u2019s strategy in acquiring land parcels at competitive prices in previous years has allowed the group flexibility in pricing our projects. With our competitively lower costs, we are confident of achieving our sales targets,\u201d Ching said.
\nMeanwhile, Oxley Holdings\u2019 revenue fell by 45 percent year-on-year to $170.3 million in the first quarter ended 30 September 2018 due to softer contributions from the developments in Singapore and the UK. Consequently, net profit slumped 83 percent to $8.06 million.
\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…Kent Ridge Hill Residences sells 116 units<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Buyers waiting for their numbers to be called during the balloting process at Kent Ridge...<\/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-101193","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-qk9","jetpack-related-posts":[{"id":100172,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kent-ridge-hill-residences-opens-for-preview-this-weekend\/","url_meta":{"origin":101193,"position":0},"title":"Kent Ridge Hill Residences opens for preview this weekend","date":"October 19, 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. Kent Ridge Hill Residences, a 548-unit residential project at South Buona Vista Road, will open for preview this weekend (20 Oct). The 99-year leasehold condo is being developed by Oxley\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92698,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxleys-the-verandah-residences-fully-sold-within-three-months\/","url_meta":{"origin":101193,"position":1},"title":"Oxley\u2019s The Verandah Residences fully sold within three months","date":"June 28, 2018","format":false,"excerpt":"\r Artist\u2019s impression of The Verandah Residences, a 170-unit freehold project whose design is inspired by Singapore\u2019s black and white colonial bungalows.\u00a0 Oxley Holdings has achieved 100 percent sales at The Verandah Residences within three months since its official launch on 7 April. With average unit prices at $1,795 psf,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84846,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/149-units-at-park-place-residences-sold-at-average-2000-psf\/","url_meta":{"origin":101193,"position":2},"title":"149 units at Park Place Residences sold at average $2,000 psf","date":"April 9, 2018","format":false,"excerpt":"\r A large crowd of buyers at the Phase 2 sales launch of Park Place Residences at PLQ. (Photo: Lendlease) Two residential projects launched over the weekend (7-8 Apr) drew an overwhelming response from buyers, further boosting property market sentiment. Lendlease\u2019s Phase 2 sales launch of Park Place Residences at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90534,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-170-units-sold-at-two-new-launches\/","url_meta":{"origin":101193,"position":3},"title":"Over 170 units sold at two new launches","date":"June 5, 2018","format":false,"excerpt":"\r Buyers balloting for units at Affinity at Serangoon. (Photo: Oxley Holdings) Two new project launches in the Serangoon area (District 19) reported more than 170 units sold during Phase 1 sales over the weekend. Affinity at Serangoon sold 112 of the 300 units released, while The Garden Residences moved\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90516,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/modest-sales-seen-at-two-new-launches\/","url_meta":{"origin":101193,"position":4},"title":"Modest sales seen at two new launches","date":"June 5, 2018","format":false,"excerpt":"\r Buyers balloting for units at Affinity at Serangoon. (Photo: Oxley Holdings) Two new project launches in the Serangoon area (District 19) reported modest Phase 1 sales over the weekend. Affinity at Serangoon sold 37 percent or 112 of the 300 units released, while The Garden Residences moved more than\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":101193,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/101193"}],"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=101193"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/101193\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=101193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=101193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=101193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}