{"id":88417,"date":"2018-05-16T10:38:34","date_gmt":"2018-05-16T03:38:34","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/healthy-sales-at-cdls-new-futura-thanks-to-foreign-buyers\/"},"modified":"2018-05-16T11:03:06","modified_gmt":"2018-05-16T04:03:06","slug":"healthy-sales-at-cdls-new-futura-thanks-to-foreign-buyers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/healthy-sales-at-cdls-new-futura-thanks-to-foreign-buyers\/","title":{"rendered":"Healthy sales at CDL\u2019s New Futura thanks to foreign buyers"},"content":{"rendered":"


\nArtist\u2019s impression of the penthouse pool at New Futura. (Photo: CDL)
\nProperty 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.
\nTo date, 97 percent or 62 of the 64 units in the South Tower have been sold since Phase 1 was soft-launched in January. This includes the penthouse that was purchased for $36.28 million ($4,630 psf).
\nAbout 72 percent of the buyers are foreigners and permanent residents (PRs), mostly from Asian countries like Malaysia, Indonesia, China and South Korea.
\nMore: Developer Sales Surge 68% To 1,325 Units In April
\nFor the 60-unit North Tower, the developer moved 21 of the 30 units released (70 percent) during the first weekend alone after Phase 2 was soft-launched on 11 May. The buyers were mainly foreigners and PRs.
\nThese comprised larger apartments costing up to $10 million, with units sold in Phase 2 achieving an average selling price of over $3,500 psf compared to $3,350 psf during the initial launch.
\n\u201cWe are very pleased with the strong response for New Futura,\u201d said CDL\u2019s group general manager Chia Ngiang Hong.
\n\u201cThe Singapore residential market has continued to show promising signs of recovery. Propelled by pent-up demand, sales volumes are strengthening and property prices are trending up especially for high-end projects with strong value proposition. Foreigners are also returning to invest in Singapore\u2019s high-end property market given the city\u2019s attractiveness, economic stability, price recovery and value.\u201d
\nHe added that New Futura is CDL\u2019s most luxurious project to date. For instance, its two grand penthouses, touted as \u201cbungalows in the sky\u201d, are five-bedroom units that each span 7,836 sq ft across two floors, and offer panoramic views of the city. They also come with a 13m private pool, sauna and shower by the pool deck.
\nSeparately, CDL\u2019s 861-unit The Tapestry in Tampines has sold 80 percent or 400 of the 500 units released after Phase 1 was launched in March at an average price of $1,360 psf, setting a new price benchmark for the area.
\nThe group also plans to soft launch the 190-unit South Beach Residences on Beach Road in Q3 this year, while its West Coast Vale site, which will have about 730 units, will be launch ready in Q4.
\nFor the latest property news, trends, resources and expert opinions, visit our\u00a0Property News\u00a0page. Home buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\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…Healthy sales at CDL\u2019s New Futura thanks to foreign buyers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of the penthouse pool at New Futura. (Photo: CDL) Property giant City Developments...<\/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-88417","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-n05","jetpack-related-posts":[{"id":104373,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-wants-govt-to-help-sentosa-property-market\/","url_meta":{"origin":88417,"position":0},"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":51647,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gramercy-park-mostly-bought-by-non-singaporeans-at-an-average-of-2600-to-2800-psf\/","url_meta":{"origin":88417,"position":1},"title":"Gramercy Park mostly bought by non-Singaporeans at an average of $2,600 to $2,800 psf","date":"April 12, 2017","format":false,"excerpt":"\r Around 76 percent of sales at the freehold project in Grange Road were to non-Singaporeans, with average prices up from over $2,600 psf to about $2,800 psf. (Photo: Christopher Chitty) Property developer City Developments Limited (CDL) has sold 81 of the 174 available units (47 percent) at its Gramercy\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":77626,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-futura-condo-sells-18-units-at-average-price-of-3200-psf\/","url_meta":{"origin":88417,"position":2},"title":"New Futura condo sells 18 units at average price of $3,200 psf","date":"January 22, 2018","format":false,"excerpt":"\r 18 of the 25 units released for sale were sold at an average price of $3,200 psf. New Futura, City Development Limited\u2019s (CDL) luxury condominium project at Leonie Hill Road, received positive response from buyers, with 18 units sold at an average price of $3,200 psf during its first\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63408,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-to-benefit-from-property-upcycle-calls-for-review-of-qc-policy\/","url_meta":{"origin":88417,"position":3},"title":"CDL to benefit from property upcycle, calls for review of QC policy","date":"August 11, 2017","format":false,"excerpt":"\r CDL\u2019s Kwek said the property market appears to be getting stronger, but warned of dangers such as an upward spiral in land costs and housing prices. Property giant City Developments Limited (CDL) said it is well-poised to benefit from the property upcycle after several years of subdued market conditions\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":88417,"position":4},"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":95781,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdls-net-profit-up-79-5-in-q2\/","url_meta":{"origin":88417,"position":5},"title":"CDL\u2019s net profit up 79.5% in Q2","date":"August 10, 2018","format":false,"excerpt":"\r CDL\u2019s strong performance was helped by its residential projects in Singapore, such as the high-end New Futura condominium. City Developments Limited\u2019s (CDL) net profit for the second quarter of 2018 soared 79.5 percent year-on-year to $204.8 million, while revenue jumped 59.2 percent year-on-year to $1.36 billion on the back\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\/88417"}],"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=88417"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/88417\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=88417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=88417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=88417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}