City Gate, a newly launched 99 years leasehold private project which will be built on the site of Keypoint building, managed to close 53 per cent of its 150 units released for sales over the weekend. This is an extremely encouraging start for the developer and one would think perhaps their relentless advertising prior to its official launch has worked its magic! This private condominium has lured its buyers with its city-fringe location and easy travel accessibility with Nicoll Highway MRT station just a stones throw away. It is near the reputable Singapore Management University (SMU) which one may consider for investment probability for rental returns. It is also comparably afforable than Concourse Skyline, another private housing project which is just across the street sharing similar amenities. Median price of the units sold for City Gate is lower than the expected range of $1,900 - $2,000 psf, with 80 units snapped up out its 311 private residential apartments. It has ambitiously pulled in a total of six agencies, namely ERA, Knight Frank, PropNex, Savills, SLP International and Teakhwa Real Estate. Each with its own unique marketing strengths and sales pitch to make this project a resounding success. Link: empowerchain/blog/city-gate-project-a-glimmer-of-light-amidst-the-soft-property-market Visit Site: empowerchain
Posted on: Tue, 22 Jul 2014 06:10:00 +0000