Undeterred from the surprise new policies Executed on Wednesday (17 October), City Developments (City Dev) and Oxley both debuted their Newest properties Within the weekend, Whistler Grand in West Coast Vale and Kent Ridge Hill Residences in Pasir Panjang (ex-Vista Park) respectively.
Both projects provide smart houses, with Google Assistant devices comprised at Whistler Grand. Both projects provide magnificent views, namely Pandan Reservoir and Bukit Timah Nature Reservoir in Whistler Grand while Kent Ridge Hill Residences provides hillside houses with immediate access to Kent Ridge Park.
The official launching date for the two jobs is 3 November 2018. The indicative average costs are S$1,380psf for Whistler Grand (vs Twin Vew’s average transacted costs of S$1,385psf that was established in May 2018) and S$1,700psf for Kent Ridge Hill (vs S$1,759psf and S$1,839psf average transacted costs for HarbourView Gardens and The Verandah Residences respectively). We know that Kent Ridge Hill Residences will provide added early bird discounts on the day of its official release. The indicative pricing indicates that programmers are wary in their prices given that the present setting post the heating steps. This may potentially impact prospective pricing plan for upcoming projects.
All eyes will be on revenue quantity when these jobs are formally established in 2 weeks to evaluate the industry opinion post cooling steps. Upcoming major launches to be on the watch for include Woodleigh Residences from SPH and Kajima (667 components, trailer on 27 October), and Parc Esta (1,399 components ).