{"id":53431,"date":"2017-05-02T05:00:06","date_gmt":"2017-05-01T22:00:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/130-units-at-artra-sold-on-first-day\/"},"modified":"2017-05-02T05:59:58","modified_gmt":"2017-05-01T22:59:58","slug":"130-units-at-artra-sold-on-first-day","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/130-units-at-artra-sold-on-first-day\/","title":{"rendered":"130 units at Artra sold on first day"},"content":{"rendered":"


\nThe launch of Artra attracted a large crowd. (Photo: Knight Frank)
\nFEC Skyline\u2019s Artra project along Alexandra View sold 130 of the 200 released units (65 percent) on the first day of launch last Saturday (29 April) at an average price of about $1,700 psf.
\nAccording to Knight Frank, which is jointly marketing the project with Savills and PropNex Realty, 85 two-bedroom and 45 three-bedroom units were taken up. Only two- and three-bedders were launched in the first phase.
\nThe 400-unit project comprises a mix of two-, three- and five-bedroom apartments from 786 sq ft to 2,583 sq ft.
\nTan Tee Khoon, spokesperson for FEC Skyline, noted that the larger sizes of the units appealed to buyers. \u201cWe are off to a very encouraging start in the sales and believe that the momentum will continue in the days ahead,\u201d he said.
\n\u201cThe results do indicate that there is an underlying stratum of real demand for well-located and appropriately designed units. Taken with the results of the other launches since the beginning of the year, Artra\u2019s outcome demonstrates that the market has bottomed,\u201d added Tay Kah Poh, Executive Director and Head of Residential Services at Knight Frank Singapore.
\nLocated next to Redhill MRT station, the 442,970 sq ft site will also house a supermarket and 16 commercial units.
\nFEC Skyline, a joint venture between Hong Kong-listed developers Far East Consortium and New World Development, purchased the Artra plot in November 2015 for $376.9 million.
\nThe 99-year leasehold site is close to Tiong Bahru Plaza, Queensway Shopping Centre and IKEA Alexandra. Nearby schools include Crescent Girls\u2019 School and Gan Eng Seng Primary and Secondary Schools.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…130 units at Artra sold on first day<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The launch of Artra attracted a large crowd. (Photo: Knight Frank) FEC Skyline\u2019s Artra project...<\/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-53431","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-dTN","jetpack-related-posts":[{"id":51819,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fec-skyline-to-soft-launch-artra-this-weekend\/","url_meta":{"origin":53431,"position":0},"title":"FEC Skyline to soft launch Artra this weekend","date":"April 13, 2017","format":false,"excerpt":"\r The mixed-use development in the Alexandra and Redhill vicinity is expected to be completed in 2020. The 400-unit Artra project along Alexandra View is set to be soft launched this Saturday (15 April), making it the second city fringe mixed-use development to be launched this year after Park Place\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110134,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/higher-prices-or-not-these-new-condo-units-are-moving-fast\/","url_meta":{"origin":53431,"position":1},"title":"Higher Prices Or Not, These New Condo Units Are Moving Fast","date":"August 23, 2019","format":false,"excerpt":"\r Some private residential projects in Singapore continued to post decent sales rate even as they come with higher unit price and quantum, said Knight Frank. Amber Park sold the highest number of units in the second quarter of 2019, with 157 units sold at an average price of $2,480\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135962,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tembusu-grand-sells-53-of-units-on-launch-weekend-blossoms-by-the-park-preview-attracts-4000-people-and-more\/","url_meta":{"origin":53431,"position":2},"title":"Tembusu Grand Sells 53% of Units on Launch Weekend, Blossoms By The Park Preview Attracts 4,000 People, and More","date":"April 17, 2023","format":false,"excerpt":"\r Tembusu Grand Sells 53% of Units on Launch Weekend, Blossoms By The Park Preview Attracts 4,000 People, and More11 to 17 April 2023 City Developments Limited (CDL) and MCL Land\u2019s latest project, Tembusu Grand, sold 340 out of 638 units, or 53% of available units during its launch weekend.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/04\/private-home-hdb-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":110415,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/324-parc-clematis-units-sold-on-launch-day\/","url_meta":{"origin":53431,"position":3},"title":"324 Parc Clematis units sold on launch day","date":"September 2, 2019","format":false,"excerpt":"\r The developer revealed that 48 percent of the units sold were one-bedroom and various dual-key bedroom units. Parc Clematis, SingHaiyi Group\u2019s largest project to-date, sold 324 or 70 percent of the 465 units released for sale at an average price of about $1,580 per sq ft (psf) by the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137962,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-myst-and-lendor-hills-residences-opened-for-preview-on-24-june-2023-tiong-bahru-hdb-flat-sold-for-record-1-5-million-and-more\/","url_meta":{"origin":53431,"position":4},"title":"The Myst and Lendor Hills Residences Opened For Preview on 24 June 2023, Tiong Bahru HDB Flat Sold for Record $1.5 million, and More","date":"June 26, 2023","format":false,"excerpt":"\r The Myst and Lendor Hills Residences Opened For Preview on 24 June 2023, Tiong Bahru HDB Flat Sold for Record $1.5 million, and More20 to 27 June 2023 City Developments Limited (CDL) has opened The Myst \u2013 its 408-unit condominium project in Upper Bukit Timah \u2013 for preview on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/06\/lentor-hills-residences-condo-singapore-cover.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":113578,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/20-the-avenir-units-sold-over-launch-weekend\/","url_meta":{"origin":53431,"position":5},"title":"20 The Avenir units sold over launch weekend","date":"January 13, 2020","format":false,"excerpt":"\r The weekend launch saw 20 of the 40 released units sold, with average prices hitting $2,960 to $3,560 psf. 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