CDL unit sells 65 units of The Residences at W Sentosa after slashing prices
Cityview Place Holdings, an associate of City Developments Limited (CDL), successfully moved 65 units of The Residences at W Sentosa Cove Singapore within a week, surpassing the initial offering of 58 units on April 9.
Responding to robust demand, additional units were released, drawing approximately 3,200 visitors from April 10 to 14, according to a spokesperson from Cityview.
These 65 units achieved an average selling price of S$1,780 per square foot (psf), with Singaporeans and permanent residents constituting 94% of the buyers. The remaining units were acquired by foreign nationals from China, France, and the US.
Situated in District 4 within the prime Core Central Region, the 99-year upscale condominium, comprising 228 units, was completed in 2011. It forms part of CDL’s Quayside Collection integrated development, alongside the five-star W Singapore Sentosa Cove hotel and the Quayside Isle F&B and retail precinct.
Before this recent sales surge, caveats data showed that only 20 units had been sold since April 2010, at a median unit price of S$2,810 psf.
“The market response was positive across all unit types, particularly for the two-bedroom and three-bedroom layouts,” noted the spokesperson. “Discerning buyers also seized the opportunity to acquire the rare duplex penthouses.”
