{"id":114664,"date":"2020-03-03T10:36:23","date_gmt":"2020-03-03T03:36:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxus-hills-contemporary-collection-the-m-buck-cautious-sentiment\/"},"modified":"2020-03-03T11:05:31","modified_gmt":"2020-03-03T04:05:31","slug":"luxus-hills-contemporary-collection-the-m-buck-cautious-sentiment","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxus-hills-contemporary-collection-the-m-buck-cautious-sentiment\/","title":{"rendered":"Luxus Hills (Contemporary Collection), The M buck cautious sentiment"},"content":{"rendered":"


\nThe M and Luxus Hills (Contemporary Collection) both sold well despite the COVID-19 outbreak. Photo: Bukit Sembawang Estates
\nTwo property projects in Singapore bucked the cautious sentiment brought about by the COVID-19 outbreak, with Luxus Hills completely sold out, while The M saw another 32 units snapped up.
\nBukit Sembawang Estates revealed that it registered 100% sale for its Luxus Hills (Contemporary Collection) project following two weeks of sales.
\nFeaturing 39 houses, the project in Seletar set a new benchmark for pricing as its inter-terrace homes achieved an average price of $3.35 million or $2,070 per sq ft (psf), said the developer.
\nWing Tai Asia\u2019s The M, on the other hand, sold 75% or 392 units out of its 522 units over the last two weekends.
\nRead:\u00a03 Key Reasons Why The M Condo Was a Success, Despite the Coronavirus Outbreak
\nCushman & Wakefield\u2019s Head of Research for Singapore & Southeast Asia Christine Li believes the projects bucked trends for two reasons, reported The Business Times.
\nThe final phase of Bukit Sembawang\u2019s 999-year leasehold landed development, Luxus Hills, the Contemporary Collection offers 39 landed units that are ready for occupation given that the project has already obtained Temporary Occupation Permit (TOP).
\nSeveral flexible payment schemes are also offered, which include a Stay & Pay scheme that allows buyers to move in right away for just a 20% down payment and a Reservation Scheme that enables buyers to reserve their preferred unit with just a 10% deposit.
\n\u201cThe developer is also smart to push out completed units to target those who have sold their properties in the previous en bloc cycle and are flush with cash. This is also the reason the earlier phase was also fully sold within days after it was launched in August,\u201d said Li.
\nIn 2019, Bukit Sembawang\u2019s Signature Collection was fully sold out by 1 September as the flexible payment schemes proved popular among buyers who bought 71 or over 90% of units during its first launch weekend.
\nMeanwhile, The M \u2013 which posted an average price of $2,450 psf \u2013 is fairly under-priced compared to new sales within Districts 1, 2 and 7, said Li.
\nMidtown Bay moved 46 units at $2,926 psf since the project\u2019s launch in Q4 2019, while Marina One Residences sold 78 units at $2,540 psf starting from Q1 2019 to February 2020. One Pearl Bank moved 255 units at $2,371 psf since its launch in Q3 2019.
\nRead:\u00a0Guocoland\u2019s Midtown Bay condo: 5 key points of interest
\n\u201cSingaporeans can still smell good deals even with masks on,\u201d quipped Li.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Luxus Hills (Contemporary Collection), The M buck cautious sentiment<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The M and Luxus Hills (Contemporary Collection) both sold well despite the COVID-19 outbreak. Photo:...<\/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-114664","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-tPq","jetpack-related-posts":[{"id":114465,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/64-of-luxus-hills-units-sold-during-private-preview\/","url_meta":{"origin":114664,"position":0},"title":"64% of Luxus Hills units sold during private preview","date":"February 24, 2020","format":false,"excerpt":"\r The final phase of the development saw 64% of its units sold through a limited release.\u00a0 Following private previews, Bukit Sembawang Estates Limited sold over 64% or 25 out of the 39 units at the Luxus Hills (Contemporary Collection). The final phase of the property developer\u2019s 999-year leasehold development\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110407,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/91-of-luxus-hills-sold-on-preview\/","url_meta":{"origin":114664,"position":1},"title":"91% of Luxus Hills sold on preview","date":"September 2, 2019","format":false,"excerpt":"\r All 32 homes offered for sale during the first day of preview on 30 August (Friday) were immediately snapped up by buyers, forcing the developer to release the remaining 46 units for sale. Unit prices ranged from $3.058 million to $4.2 million. Bukit Sembawang Estates\u2019 Luxus Hills (Signature Collection)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110272,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxus-hills-to-offer-limited-collection-of-999-year-landed-homes\/","url_meta":{"origin":114664,"position":2},"title":"Luxus Hills To Offer Limited Collection Of 999-year Landed Homes","date":"August 28, 2019","format":false,"excerpt":"\r Bukit Sembawang Estates Limited will preview Luxus Hills, a limited collection of 999-year leasehold landed homes on 30 August. The 78-unit development comprises 58 intermediate terraces, 10 corner terraces and 10 semi-detached homes. Plot areas range between 150 sq m and 274 sq m, while built-up areas start from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/08\/Luxus-Hills-Signature-Collection-Living-Room-Actual-Photo.jpg?fit=810%2C499&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":82875,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/katong-park-towers-sold-to-bukit-sembawang-for-345-million\/","url_meta":{"origin":114664,"position":3},"title":"Katong Park Towers sold to Bukit Sembawang for $345 million","date":"March 16, 2018","format":false,"excerpt":"\r The sale price is about 20 percent above the reserve price of $288 million. (Photo: Cushman & Wakefield) Katong Park Towers in District 15 has been sold to a subsidiary of Bukit Sembawang Estates for $345 million, about 20 percent above the reserve price of $288 million, said Cushman\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83517,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/makeway-view-sold-for-168m-to-bukit-sembawang\/","url_meta":{"origin":114664,"position":4},"title":"Makeway View sold for $168m to Bukit Sembawang","date":"March 23, 2018","format":false,"excerpt":"\r Makeway View comprises 28 apartments and four penthouses, and is close to Newton MRT interchange. (Photo: Edmund Tie & Co) The freehold Makeway View condominium in Newton has been sold to Bukit Sembawang Estates for $168 million, marketing agent Edmund Tie & Co said on Thursday (22 Mar). Completed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114067,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/analysts-expect-project-launches-to-proceed-despite-the-coronavirus-outbreak\/","url_meta":{"origin":114664,"position":5},"title":"Analysts expect project launches to proceed despite the coronavirus outbreak","date":"February 5, 2020","format":false,"excerpt":"\r Analysts believe residential projects that have been set for launch over the next couple of weeks will likely proceed as planned even as transaction volumes and crowds at showflats could decline amid concerns on the Coronavirus outbreak, reported The Business Times. \u201cOtherwise, you will have bunching up. Already without\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\/114664"}],"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=114664"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114664\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=114664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=114664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=114664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}