{"id":83729,"date":"2018-03-26T05:00:29","date_gmt":"2018-03-25T22:00:29","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/315-units-at-the-tapestry-sold-strong-turnout-at-park-place-residences-preview\/"},"modified":"2018-03-26T05:03:34","modified_gmt":"2018-03-25T22:03:34","slug":"315-units-at-the-tapestry-sold-strong-turnout-at-park-place-residences-preview","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/315-units-at-the-tapestry-sold-strong-turnout-at-park-place-residences-preview\/","title":{"rendered":"315 units at The Tapestry sold, strong turnout at Park Place Residences preview"},"content":{"rendered":"


\nLaunch crowd at The Tapestry showflat. (Photo: CDL)
\nTwo private condominium showflats opened their doors to property seekers over the weekend, attracting keen interest amid the improved market sentiment.
\nThe Tapestry by City Developments Limited (CDL) commenced sales on Saturday (24 Mar), while Phase 2 of Lendlease\u2019s Park Place Residences at Paya Lebar Quarter (PLQ) opened for preview on the same day.
\nMore: Developer sales down 28% in Feb
\nThe 861-unit The Tapestry sold 315 of the 450 units released (70 percent) as at 5pm yesterday. Around 76 percent of the buyers were Singaporeans.
\nCDL said the take-up rate of all unit types was good, particularly the one- and two-bedders.
\nThe 99-year leasehold project located along Tampines Street 86 has an early-bird average selling price of $1,310 psf.
\nPrices started from $596,000 for a one-bedroom, $796,000 for a two-bedroom, $1.15 million for a three-bedroom, $1.65 million for a four-bedroom and $2.1 million for a five-bedroom dual-key with study apartment.
\nUnit sizes range from 441 sq ft to 1,765 sq ft.
\n\u201cWe are very encouraged by the overwhelming response on our first weekend launch,\u201d said CDL group general manager Chia Ngiang Hong.
\nHe noted that buyers were drawn to the project\u2019s location within a mature estate and the early-bird pricing.
\nThe Tampines and Tampines West MRT stations, Tampines Regional Centre and the newly-completed Our Tampines Hub are situated nearby. \u00a0\u00a0\u00a0
\nAmong the buyers was Singapore Paralympic swimmer Theresa Goh, who bought a two-bedroom premium unit.
\n\u201cUnlike most condominiums, The Tapestry\u2019s unit layout is very well-spaced, which is essential for me to manoeuvre my wheelchair with ease,\u201d she said.
\nOver at Park Place Residences, potential buyers liked that it sits within the $3.3 billion PLQ integrated development, which features shops, offices and green spaces. The 99-year leasehold project is also directly linked to Paya Lebar MRT station.
\nProspective buyer Cynthia Cheung said: \u201cPaya Lebar is going to be the area for future development, according to the URA masterplan. We have stayed in this neighbourhood before, so we would really like to live here.\u201d
\nFirst launched for sale in March 2017, Park Place Residences sold 210 units during the initial phase, or 50 percent of the available units within one day at a median price of $1,805 psf. Around 95 percent of the buyers were Singaporeans and Permanent Residents.
\n\u201cBased on the visitor volume experienced in Phase 1 and our opening weekend of Phase 2, we are happy with the strong visitor turn-out over the past two days,\u201d said a Lendlease spokesperson, without divulging the number of showflat visitors.
\nLendlease plans to launch the final 219 units on 7 April.
\nPark Place Residences at PLQ is expected to be completed by end 2020, while The Tapestry is slated for completion in 2021.
\nCheck out project listings of The Tapestry and Park Place Residences.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…315 units at The Tapestry sold, strong turnout at Park Place Residences preview<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Launch crowd at The Tapestry showflat. (Photo: CDL) Two private condominium showflats opened their doors...<\/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-83729","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-lMt","jetpack-related-posts":[{"id":82847,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-to-launch-861-unit-tampines-condo-next-weekend\/","url_meta":{"origin":83729,"position":0},"title":"CDL to launch 861-unit Tampines condo next weekend","date":"March 16, 2018","format":false,"excerpt":"\r Artist\u2019s impression of The Tapestry, a new project in Tampines. Source: CDL Property developer City Developments Limited (CDL) is set to launch The Tapestry along Tampines Street 86 next Saturday (24 Mar). Located close to Tampines MRT station and the newly-completed Our Tampines Hub, the 861-unit condominium has a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94523,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-may-cut-unit-prices-by-5-10-rhb\/","url_meta":{"origin":83729,"position":1},"title":"CDL may cut unit prices by 5-10%: RHB","date":"July 24, 2018","format":false,"excerpt":"\r Launch crowd at The Tapestry showflat. (Photo: CDL) City Developments Limited (CDL) is expected to be negatively affected by the government\u2019s latest property cooling measures given its market position, according to RHBInvest analyst Vijay Natarajan. For instance, the Singapore-listed property developer has among the biggest unsold residential inventory in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104373,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-wants-govt-to-help-sentosa-property-market\/","url_meta":{"origin":83729,"position":2},"title":"CDL wants govt to help Sentosa property market","date":"February 25, 2019","format":false,"excerpt":"\r The developer is urging the Singapore government to transform the island resort into a vibrant tourist hotspot like Indonesia\u2019s Bali.\u00a0 Amidst the weak luxury housing market in Sentosa, City Developments Limited (CDL) is urging the Singapore government to transform the island into a vibrant tourist hotspot like Indonesia\u2019s Bali,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88417,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/healthy-sales-at-cdls-new-futura-thanks-to-foreign-buyers\/","url_meta":{"origin":83729,"position":3},"title":"Healthy sales at CDL\u2019s New Futura thanks to foreign buyers","date":"May 16, 2018","format":false,"excerpt":"\r Artist\u2019s impression of the penthouse pool at New Futura. (Photo: CDL) Property giant City Developments Limited (CDL) announced on Tuesday (15 May) that it sold a total of 83 units at New Futura, a 124-unit luxury freehold project at Leonie Hill Road in prime District 9. To date, 97\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103947,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sales-at-cdl-projects-remain-healthy-report\/","url_meta":{"origin":83729,"position":4},"title":"Sales at CDL projects remain healthy: report","date":"February 13, 2019","format":false,"excerpt":"\r Artist\u2019s impression of the condo gym at Whistler Grand. Whistler Grand, a 716-unit condominium in West Coast Vale in District 5, has found buyers for 251 units or 83 percent of the 300 units released for sale, according to latest data from the Urban Redevelopment Authority (URA). The units\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111858,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sengkang-grand-residences-apartments-to-open-for-preview-on-friday-with-units-priced-from-798000\/","url_meta":{"origin":83729,"position":5},"title":"Sengkang Grand Residences apartments to open for preview on Friday, with units priced from $798,000","date":"October 24, 2019","format":false,"excerpt":"\r Located in Sengkang Central, the residential component comprises 680 residential units that are spread across nine blocks. 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