{"id":123905,"date":"2021-12-20T03:35:22","date_gmt":"2021-12-19T20:35:22","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/perfect-ten-sells-5-of-units-at-launch\/"},"modified":"2021-12-20T12:18:56","modified_gmt":"2021-12-20T05:18:56","slug":"perfect-ten-sells-5-of-units-at-launch","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/perfect-ten-sells-5-of-units-at-launch\/","title":{"rendered":"Perfect Ten sells 5% of units at launch"},"content":{"rendered":"


\nPerfect Ten sells 5% of units at launchPerfect Ten sold 12 out of 230 units during its\u00a0launch weekend.
\nIn the first high-profile sale following the government\u2019s announcement of new property cooling measures, luxury condo Perfect Ten witnessed a muted launch on Sunday (19 December).
\nLocated in Bukit Timah Road, the freehold development sold 12 out of 230 units as of Sunday evening, reported The Straits Times (ST) citing industry sources.
\nST said it saw several potential buyers through the project\u2019s sales gallery window when it visited at around 11.30am.
\nHong Kong-based CK Asset Holdings, which was the project\u2019s developer, declined to disclose sales figures.
\nThe new measures unveiled by the government include higher Additional Buyer\u2019s Stamp Duty (ABSD)\u00a0rates and a tighter Total Debt Servicing Ratio (TDSR) threshold.
\nERA Realty Head of Research and Consultancy Nicholas Mak believe it is too soon to determine the new measures\u2019 impact on sales.
\n\u201cHigh-end developments cater to a more exclusive clientele. To be able to sell over 10 units in one weekend is actually good results, bearing in mind the cooling measures,\u201d he said as quoted by ST.
\nAside from the festive season being usually a quiet period for the property market, Mak pointed that buyers may still be digesting the implications of the new measures. However, he expects those who need to purchase real estate, particularly for their own use, to eventually return to the market.
\nMark Yip, CEO of Huttons Asia, said Perfect Ten has managed to set a new benchmark of over $3,000 per sq ft (psf) within the Bukit Timah area, despite the lower initial launch price.
\nUnits within the area usually carry a psf price of over $2,000.
\n\u201cThe sales are commendable for the launch day of a new luxury condo project in the wake of the measures imposed just four days ago,\u201d said Yip as quoted by ST. He noted that most projects would have deferred their launch following such \u201cdraconian\u201d measures.
\nCK Asset Holdings decided not to change its launch date after the government announced the cooling measures and dangled a one-time, 5% discount for Sunday buyers.
\nOn 16 December, it also released the selling prices of 10 units \u2013 which range between $3,200 and $3,618 psf before the discount, or between $3,040 and $3,437 psf after discount.
\nWith this, the two-bedroom units\u2019 pre-discount prices range between almost $2.5 million and about $2.9 million, while the three-bedders\u2019 pre-discount prices range between nearly $4 million and around $4.4 million.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nCheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email:\u00a0cheryl@propertyguru.com.sg.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Perfect Ten sells 5% of units at launch<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Perfect Ten sells 5% of units at launchPerfect Ten sold 12 out of 230 units...<\/p>\n","protected":false},"author":1,"featured_media":123906,"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-123905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/PERFECT-10-1.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-wet","jetpack-related-posts":[{"id":119928,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-reef-at-kings-dock-sells-over-90-of-units-released-during-launch-weekend\/","url_meta":{"origin":123905,"position":0},"title":"The Reef at King\u2019s Dock sells over 90% of units released during launch weekend","date":"February 1, 2021","format":false,"excerpt":"\r The Reef at King\u2019s Dock sells over 90% of units released during launch weekendUnit prices ranged between $2,000 per sq ft (psf) and $2,800 psf, while the average price stood at $2,330 psf. 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Image source: CEL Development\u00a0 \u00a0 Grandeur Park Residences in Tanah Merah sold 58 percent, or 420 of its 720 units at an average price of $1,350 psf during its first weekend launch, reported the Straits\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120003,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/normanton-park-sells-600-residential-units-at-1750-psf-on-first-day-of-sales\/","url_meta":{"origin":123905,"position":2},"title":"Normanton Park sells 600 residential units at $1,750 psf on first day of sales","date":"January 18, 2021","format":false,"excerpt":"\r Normanton Park sells 600 residential units at $1,750 psf on first day of salesThe mixed-use development saw\u00a0around 80% of the units sold in one- and two-bedroom units during its first day of sales.\u00a0Buyers also snapped three commercial units. Image: Normanton Park Normanton Park sold about 600 residential units at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/Normanton-Park-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":119961,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/parc-central-residences-ec-sells-414-units-during-launch\/","url_meta":{"origin":123905,"position":3},"title":"Parc Central Residences EC sells 414 units during launch","date":"January 25, 2021","format":false,"excerpt":"\r Parc Central Residences EC sells 414 units during launchThe developers revealed that a selection of three-, four- and five-bedroom units are still available.\u00a0Second timer applicants can make their booking from 23 February onwards. Parc Central Residences sold 414 units at an average price of $1,177 per sq ft during\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/parc-central-residences.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":123712,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/perfect-ten-to-launch-for-sale-on-sunday-prices-start-from-2-5mil\/","url_meta":{"origin":123905,"position":4},"title":"Perfect Ten to launch for sale on Sunday, prices start from $2.5mil","date":"December 9, 2021","format":false,"excerpt":"\r Perfect Ten is a 230-unit project, offering two- and three-bedroom units. Prices range from about $2.5 million to $4.4 million. Perfect Ten, a freehold residential project by Hong Kong-based developer CK Asset Holdings, is set for launch on Sunday (19 December). 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