{"id":33340,"date":"2016-11-07T11:42:38","date_gmt":"2016-11-07T04:42:38","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/condo-sales-start-for-queens-peak-parc-riviera\/"},"modified":"2016-11-07T11:49:33","modified_gmt":"2016-11-07T04:49:33","slug":"condo-sales-start-for-queens-peak-parc-riviera","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/condo-sales-start-for-queens-peak-parc-riviera\/","title":{"rendered":"Condo sales start for Queens Peak, Parc Riviera"},"content":{"rendered":"


\nParc Riviera sold more than 100 units on Saturday, offering an unconventional pricing scheme for units from the lowest floor to the 15th floor. (Artist\u2019s impression)
\nQueens Peak, Hao Yuan Investment\u2019s 736-unit condominium project at Dundee Road, has been warmly received by buyers, with 242 units sold during its launch on Saturday (5 November).
\nOne- and two-bedroom units accounted for 90 percent of all the units sold, while the project\u2019s average price stands at $1,632 psf. The lowest transacted price was $1,406 psf.
\nThe developer attributed the encouraging sales to the project\u2019s good connectivity to the nearby Queenstown MRT station, as well as the fact that all units are at least eight storeys above ground.
\n\u201cWe have received feedback from buyers that Queens Peak is an attractively priced city fringe project made affordable for mass condominium buyers,\u201d said Tan Zhiyong, Managing Director of MCC Land, the project manager for Queens Peak.
\nMeanwhile, the 752-unit Parc Riviera at West Coast Vale sold more than 100 units on Saturday, offering a \u201cone-tier pricing scheme\u201d for the units found on the lowest floor to the 15th floor, reported The Business Times.
\nWith the average price at $1,150 psf, more than 95 percent of units sold are those that come under the one-tier pricing scheme. Around 80 percent of buyers opted for one- or two-bedroom units.
\nThe scheme, which was originally planned to be offered only on Saturday, did not generate further interest when it was extended to Sunday, with only a few more units sold.
\nWhile location may have played a role in the project\u2019s sales performance, EL Development Managing Director Lim Yew Soon noted that the manner by which smaller units were distributed in the project may have also been a factor.
\nThe smaller units at Queens Peak are concentrated on the lower floors to keep the quantums low for investors, while Parc Riviera has similar unit types from the lowest to the highest floors. The developer kept the unit-type composition consistent on each floor due to the use of prefabricated prefinished volumetric construction (PPVC).
\nLim explained that it would be challenging for a project using PPVC to have different unit types stacked on top of another as this would require transfer beams and columns to be erected on each floor.
\nHe also revealed that the project will revert to its original price list.
\n\u201cWe took quite a steep discount for the units on the higher floors so we can\u2019t keep doing it all the time,\u201d he said. \u201cWe are not planning for further discounts now. Based on the original pricing, it\u2019s still attractive.\u201d
\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…Condo sales start for Queens Peak, Parc Riviera<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Parc Riviera sold more than 100 units on Saturday, offering an unconventional pricing scheme for...<\/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-33340","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\/p75ss1-8FK","jetpack-related-posts":[{"id":38270,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-best-selling-condos-in-november-2016\/","url_meta":{"origin":33340,"position":0},"title":"5 best-selling condos in November 2016","date":"December 16, 2016","format":false,"excerpt":"\r Artist\u2019s impression of Queens Peak, the top seller in November. Two new private condominiums were launched last month \u2013 Parc Riviera and Queens Peak. Both projects sold a total of 399 units, but sales were also recorded at previously launched developments. The top-selling condos in November were: 1) Queens\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30331,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ecs-the-driving-force-in-new-home-sales\/","url_meta":{"origin":33340,"position":1},"title":"ECs the driving force in new home sales","date":"October 17, 2016","format":false,"excerpt":"\r Treasure Crest EC was the chart-topping project in September, revealed URA data. (Photo: Sim Lian Group) Singapore developers sold 769 private housing units in September including executive condominiums (ECs), down 3.7 percent from the 799 units in the previous month, revealed data published on Monday (17 October) by the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38550,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-home-sales-down-31-in-november\/","url_meta":{"origin":33340,"position":2},"title":"Singapore home sales down 31% in November","date":"December 19, 2016","format":false,"excerpt":"\r Number of unit launches also fell Artist\u2019s impression of Parc Riviera in West Coast Vale Property developers in Singapore sold 860 units in November 2016, down 31.4 percent from the 1,253 units in the previous month, reported Channel NewsAsia, citing data from the Urban Redevelopment Authority (URA). Including executive\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40878,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-hits-3-year-high\/","url_meta":{"origin":33340,"position":3},"title":"New private home sales hits 3-year high","date":"January 17, 2017","format":false,"excerpt":"\r Singapore developers sold a higher number of units last year due to the more affordable prices at new launches. \u00a0 Sales of new private homes, including executive condominiums (ECs), climbed to a high of 12,408 units compared to the 9,026 and 10,199 units transacted in 2014 and 2015 respectively,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":82775,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sales-down-28-in-feb\/","url_meta":{"origin":33340,"position":4},"title":"Developer sales down 28% in Feb","date":"March 15, 2018","format":false,"excerpt":"\r Located near Queenstown MRT station, Queens Peak was the top-selling private condo last month. Sales of new private homes, excluding executive condominiums (ECs), dropped by 28 percent in February 2018 to 377 units from 524 in the previous month, according to latest data from the Urban Redevelopment Authority (URA)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58034,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-down-34-in-may\/","url_meta":{"origin":33340,"position":5},"title":"New private home sales down 34% in May","date":"June 16, 2017","format":false,"excerpt":"\r Artist\u2019s impression of Parc Riviera at West Coast Vale. Property developers in Singapore sold 1,024 private homes in May, down 34 percent from 1,558 units in April, according to latest numbers from the Urban Redevelopment Authority. Unlike the previous month which saw two major projects hit the market \u2013\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\/33340"}],"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=33340"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/33340\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=33340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=33340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=33340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}