{"id":92698,"date":"2018-06-28T09:57:52","date_gmt":"2018-06-28T02:57:52","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxleys-the-verandah-residences-fully-sold-within-three-months\/"},"modified":"2018-06-28T10:03:35","modified_gmt":"2018-06-28T03:03:35","slug":"oxleys-the-verandah-residences-fully-sold-within-three-months","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxleys-the-verandah-residences-fully-sold-within-three-months\/","title":{"rendered":"Oxley\u2019s The Verandah Residences fully sold within three months"},"content":{"rendered":"


\nArtist\u2019s impression of The Verandah Residences, a 170-unit freehold project whose design is inspired by Singapore\u2019s black and white colonial bungalows.\u00a0
\nOxley Holdings has achieved 100 percent sales at The Verandah Residences within three months since its official launch on 7 April.
\nWith average unit prices at $1,795 psf, the 170-unit condominium generated a total revenue of $248.8 million for the homegrown property developer.
\nMore:\u00a0Oxley Leapfrogs CDL As Singapore\u2019s Largest Developer
\nThe freehold project comprises 167 apartments and three two-storey strata townhouses. Its design is inspired by Singapore\u2019s black and white colonial bungalows.
\nUnit sizes start from 452 sq ft for a one-bedroom up to 1,596 sq ft for a four-bedroom, while the townhouses are 2,153 sq ft each.
\nOxley attributed the sales success to the project\u2019s proximity to MRT stations, various eateries, major shopping malls as well as parks and nature trails such as Kent Ridge Park and The Southern Ridges.
\nOxley executive chairman and CEO Ching Chiat Kwong noted that the sales \u201cproved that the demand for quality projects with superb locations has been strong, and that Oxley is a trusted brand name to the market\u201d.
\n\u201cIn return to the trust of our buyers, we will deliver the project in good quality and on time,\u201d he added.
\nOxley acquired the 89,620 sq ft site for $121 million or $964 psf per plot ratio last July. It holds a 100 percent stake in the project, which is situated at 231 Pasir Panjang Road in District 5.
\nLast weekend (23 \u2013 24 June), Oxley opened the Riverfront Residences showflat for preview to crowds of potential buyers. Located in Hougang Avenue 7, the 1,472-unit residential project with six retail shops comprises one- to five-bedroom apartments from 463 sq ft to 1,905 sq ft, along with four-bedroom strata terrace houses measuring 2,109 sq ft. Prices start from $578,000 for the one-bedders.
\nThis follows the launch of\u00a0Affinity at Serangoon\u00a0earlier this month, which saw 112 of the 300 units released sold at an average price of $1,575 psf.
\nLooking to buy a property? Read our\u00a0step-by-step guide to buying a condo.
\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…Oxley\u2019s The Verandah Residences fully sold within three months<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of The Verandah Residences, a 170-unit freehold project whose design is inspired by...<\/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-92698","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-o78","jetpack-related-posts":[{"id":84846,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/149-units-at-park-place-residences-sold-at-average-2000-psf\/","url_meta":{"origin":92698,"position":0},"title":"149 units at Park Place Residences sold at average $2,000 psf","date":"April 9, 2018","format":false,"excerpt":"\r A large crowd of buyers at the Phase 2 sales launch of Park Place Residences at PLQ. (Photo: Lendlease) Two residential projects launched over the weekend (7-8 Apr) drew an overwhelming response from buyers, further boosting property market sentiment. Lendlease\u2019s Phase 2 sales launch of Park Place Residences at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122698,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jervois-mansion-sells-99-of-units-launched\/","url_meta":{"origin":92698,"position":1},"title":"Jervois Mansion sells 99% of units launched","date":"October 20, 2021","format":false,"excerpt":"\r 104 of the 105 units of the Jervois Mansion condominium project has been sold, with Singaporeans forming the majority of buyers. Source: Jervois Mansions Jervois Mansion, Kimen Group\u2019s condominium project in Jervois Close within the River Valley area, sold 99% or 104 of the 105 units launched, reported The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/jervois-mansions.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":90534,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-170-units-sold-at-two-new-launches\/","url_meta":{"origin":92698,"position":2},"title":"Over 170 units sold at two new launches","date":"June 5, 2018","format":false,"excerpt":"\r Buyers balloting for units at Affinity at Serangoon. (Photo: Oxley Holdings) Two new project launches in the Serangoon area (District 19) reported more than 170 units sold during Phase 1 sales over the weekend. Affinity at Serangoon sold 112 of the 300 units released, while The Garden Residences moved\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90516,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/modest-sales-seen-at-two-new-launches\/","url_meta":{"origin":92698,"position":3},"title":"Modest sales seen at two new launches","date":"June 5, 2018","format":false,"excerpt":"\r Buyers balloting for units at Affinity at Serangoon. (Photo: Oxley Holdings) Two new project launches in the Serangoon area (District 19) reported modest Phase 1 sales over the weekend. Affinity at Serangoon sold 37 percent or 112 of the 300 units released, while The Garden Residences moved more than\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92330,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-7000-visited-riverfront-residences-showflat\/","url_meta":{"origin":92698,"position":4},"title":"Over 7,000 visited Riverfront Residences showflat","date":"June 25, 2018","format":false,"excerpt":"\r Crowds braved the rain for the opening of Riverfront Residences over the weekend. More than 7,000 people visited the Riverfront Residences showflat, a 1,472-unit residential project with six retail shops in Hougang Avenue 7, after it opened for preview over the weekend (23 \u2013 24 June). \u201cThe response has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100172,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kent-ridge-hill-residences-opens-for-preview-this-weekend\/","url_meta":{"origin":92698,"position":5},"title":"Kent Ridge Hill Residences opens for preview this weekend","date":"October 19, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Kent Ridge Hill Residences, a new condominium located right at the edge of Kent Ridge Park. Kent Ridge Hill Residences, a 548-unit residential project at South Buona Vista Road, will open for preview this weekend (20 Oct). 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