{"id":95055,"date":"2018-07-30T11:16:31","date_gmt":"2018-07-30T04:16:31","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/daintree-residence-achieves-63-take-up-rate\/"},"modified":"2018-07-31T04:03:31","modified_gmt":"2018-07-30T21:03:31","slug":"daintree-residence-achieves-63-take-up-rate","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/daintree-residence-achieves-63-take-up-rate\/","title":{"rendered":"Daintree Residence achieves 63% take-up rate"},"content":{"rendered":"


\nMap showing the location of the Daintree Residence site.
\nThe private property market\u2019s first new launch since the introduction of the new cooling measures, Daintree Residence, achieved a 63 percent take-up rate as it moved 50 of the 80 units launched over the weekend, reported the Business Times.
\nSingaporeans accounted for nine in 10 of Daintree buyers, while permanent residents and foreigners accounted for the rest.
\nMore:\u00a0Supply glut unlikely to happen, condo prices may see healthy growth: JLL
\nDeveloper SP Setia revealed that the 327-unit project achieved an average selling price of $1,710 psf, with two-bedroom units making up the bulk of the units sold, followed by three-bedders.
\nWhile the price tag at Daintree was a bit lower than the $1,800 psf that SP Setia general manager Neo Keng quoted ahead of the launch, this does not mean that the company is holding a fire sale. Last year, nearby project The Creek @ Bukit sold for less at $1,630 psf.
\nDescribing the take-up rate as \u201cvery encouraging\u201d, Neo said the company is looking \u201cat releasing over a few phases for the balance units, in view of the higher launch prices that are anticipated for other developments along the Downtown Line\u201d.
\nHe expects future phases of Daintree sales to receive keen interest from the market.
\n\u201cMany discussions with buyers are still ongoing, indicating good interest in this location, near Beauty World MRT station, which has not seen a condominium launch in recent few years.\u201d
\nMeanwhile, ZACD Group executive director Nicholas Mak said Daintree\u2019s launch figures were within expectations, considering the new property cooling measures.
\nOn 5 July, the government announced its fresh round of cooling measures, which raised additional buyer\u2019s stamp duty rates and tightened loan-to-value limits for home buyers. Sales, however, have not been shabby since, noted Mak, citing Nanshan Group and Logan Property\u2019s Stirling Residences, which moved 50 units at $1,800 psf the weekend after the new curbs kicked in.
\nFind new projects for sale\u00a0or read our\u00a0buying guides. Can you afford a condo? Check your\u00a0affordability\u00a0now.\u00a0
\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…Daintree Residence achieves 63% take-up rate<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Map showing the location of the Daintree Residence site. The private property market\u2019s first new...<\/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-95055","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-oJ9","jetpack-related-posts":[{"id":94439,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/analysts-divided-on-daintree-residences-pricing\/","url_meta":{"origin":95055,"position":0},"title":"Analysts divided on Daintree Residence\u2019s pricing","date":"July 23, 2018","format":false,"excerpt":"\r Map showing the location of the Daintree Residence site. Analysts are divided on the pricing of Daintree Residence, which is set for launch on 28 July, with some saying it is reasonable while others believe it is on the high side, reported the Business Times. The first condominium to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96057,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-slash-private-condo-prices-by-5-10\/","url_meta":{"origin":95055,"position":1},"title":"Developers slash private condo prices by 5-10%","date":"August 15, 2018","format":false,"excerpt":"\r A crowd of buyers at the recent launch of The Tre Ver in Potong Pasir. (Photo: UOL Group) Private condominiums launched before and after the introduction of new property curbs are trimming their unit prices by around 5.0 to 10 percent, reported TODAYonline. \u201cThe price sweeteners are there to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32791,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/award-winning-australian-home-to-go-under-the-hammer-with-no-price-expectations\/","url_meta":{"origin":95055,"position":2},"title":"Award-winning Australian home to go under the hammer with no price expectations","date":"November 3, 2016","format":false,"excerpt":"\r Ever dreamt of owning a home by the water in north Queensland?Now could be your chance to pick one up for a bargain.This award-winning waterfront mansion tucked away in the Daintree Rainforest north of Cairns is going under...\r \r Source : nzherald.co.nz\/Property\r Read more...Award-winning Australian home to go under\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32793,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/award-winning-australian-home-to-go-under-the-hammer-with-no-price-expectations-2\/","url_meta":{"origin":95055,"position":3},"title":"Award-winning Australian home to go under the hammer with no price expectations","date":"November 3, 2016","format":false,"excerpt":"\r Ever dreamt of owning a home by the water in north Queensland?Now could be your chance to pick one up for a bargain.This award-winning waterfront mansion tucked away in the Daintree Rainforest north of Cairns is going under...\r \r Source : nzherald.co.nz\/Property\r Read more...Award-winning Australian home to go under\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32795,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/award-winning-australian-home-to-go-under-the-hammer-with-no-price-expectations-3\/","url_meta":{"origin":95055,"position":4},"title":"Award-winning Australian home to go under the hammer with no price expectations","date":"November 3, 2016","format":false,"excerpt":"\r Ever dreamt of owning a home by the water in north Queensland?Now could be your chance to pick one up for a bargain.This award-winning waterfront mansion tucked away in the Daintree Rainforest north of Cairns is going under...\r \r Source : nzherald.co.nz\/Property\r Read more...Award-winning Australian home to go under\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117470,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-jalan-anak-bukit-site-for-tender\/","url_meta":{"origin":95055,"position":5},"title":"URA launches Jalan Anak Bukit site for tender,","date":"July 1, 2020","format":false,"excerpt":"\r URA envisions the site as a distinctive development and identity marker for the Beauty World precinct. Photo: URA The Urban Redevelopment Authority (URA) on Tuesday (30 June) launched a concept and price revenue tender for a commercial and residential site at Jalan Anak Bukit under the Government Land Sales\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\/95055"}],"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=95055"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/95055\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=95055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=95055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=95055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}