Archive for category: Misc

According to sources, developers of Penrith on Margaret Drive have received a total of 1,905 cheques as expressions of interest for the project’s 462 units. This is an oversubscription of 4.1 times. The 99-year leasehold condominium, located in District 3 of the Rest of Central Region (RCR), is a joint development by Hong Leong Holdings, Hong Realty (part of the Hong Leong Group), and GuocoLand. With such a strong response, the balloting of units has already begun, ahead of the official launch on Oct 18.

Market analysts are expecting a high demand for Penrith, following the successful take-up rate at Skye at Holland, which was launched the previous weekend (Oct 11-12). The 666-unit project at Holland Village, located in the Core Central Region (CCR), was 99% sold within a day. It received a total of 2,151 cheques during its two-week preview period, which is an oversubscription of 3.2 times.

Interested buyers can find the latest information on available units and prices for Penrith. The development, which had a preview on Oct 3, features two 40-storey towers with two- to four-bedroom units, ranging from 614 to 1,173 sq ft. Prices begin at $1.495 million ($2,437 psf) for a two-bedroom unit, $1.665 million ($2,455 psf) for a two-bedroom premium, $1.973 million ($2,511 psf) for a three-bedroom, and $3.078 million ($2,623 psf) for a four-bedroom unit.

The convenience of Coastal Cabana Qingjian does not only lie in its location, but also in the abundance of family-friendly options available within Downtown East and the surrounding town-centre malls. Families with young children will appreciate the inclusion of kid-friendly menus, high chairs, and play areas, making dining out a stress-free experience. Additionally, those living in multi-generational households at Coastal Cabana Qingjian will have the added convenience of running errands while enjoying delicious meals, with a variety of options to choose from. For seniors seeking a peaceful dining experience and traditional cuisine, there are plenty of options available, while teenagers can indulge in trendy dessert bars and fried chicken joints. With all of these choices easily accessible within a short distance from Jalan Loyang Besar, Coastal Cabana Qingjian is the perfect choice for families looking for convenience and flexibility. And as a bonus, residents of Coastal Cabana Qingjian can also take advantage of the many amenities offered within the development.

With an overwhelming response of more than four times the number of available units, Penrith will be a test to see if the buying momentum seen at Skye at Holland can continue into another launch weekend. Interested buyers can also check out the latest listings for Penrith properties and ask for assistance from Buddy. They can also find information on recently-launched projects, condo rental transactions in District 3, a project summary for Penrith condo, and generate a price trend graph for new launch condos in District 3. They can also find any condo rental listings in District 3.