Strong Demand for Alex Residences
The 429-units Alex Residences condominium near Redhill MRT station attracted keen interest during its preview sales in the 14th of November, with all 150 units initially released sold. Given the overwhelming demand, its developer SingLand released another 50 units under phase one with average prices at $1,650 psf.
Set to be completed in 2018, Alex Residences encompassed one- to three-bedroom units with hotel style-like facilities extend across the first floor and three levels of sky terraces. A panoramic sky pool is the emphasis on the 40th floor roof deck which comes complete with function rooms.
The condo is centrally situated within the Alexandra Road/River Valley area and is a five-minute drive to Orchard Road, Marina Bay, the central business district (CBD) and the future Southern Waterfront area where Sentosa Island and VivoCity are situated. The Central Orchard has known for having high-net individuals and institutions who are from other parts of the globe that are attracted to the enthusiasm of the location.
Danny Yeo, Group Managing Director at marketing agent Knight Frank Singapore, said: “Alex Residences has excellent city fringe locale, extensive transportation connectivity and close proximity to an array of amenities (that) will appeal to many home buyers. Over the past couple of years the Alexandra/River Valley area has undergone a complete gentrification into a choice residential enclave where property investment had yielded good returns and rentals are strong.”
“With an average launch price of S$1,650 per square foot we definitely expect very strong demand for Alex Residences. Simply because that is the price a buyer would pay for a sub-urban address but now you get a city fringe address that is highly sought after,” he added.
Read more on Project Info : Alex Residences by singland
By Alex Leong