Concourse Skyline Records Strong Residential Sales in Singapore – 70 per cent...

Concourse Skyline Records Strong Residential Sales in Singapore – 70 per cent sold in a week

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Over 60 apartments, or 70 per cent of first release, sold in a week

15 September 2008, Singapore – Leading property investment and development company, Hong Fok Corporation, has received a strong response for their new Singapore residential development, the Concourse Skyline. Private previews held over the past week have sold more than 70 per cent of the apartments released in the first phase.

Hong Fok Director SE Cheong said that more than 60 of the 90 apartments in the first release put on sale at private preview over the past week sold at average prices ranging from $1,500 to $1,800 per square foot.

“We are delighted with the excellent sales result we have achieved with the Concourse Skyline. This outcome is confirmation that there is strong underlying demand in the Singapore market for well-located, unique and appropriately priced developments  and the Concourse Skyline meets these criteria,’ Mr Cheong said.

Following the success of the private launch and in response to public demand, Hong Fok Corporation will release additional apartments commencing this Friday 19 September. The Concourse Skyline’s show flat, which is located on Level 38 of the office tower of The Concourse, is open daily from 10.00am to 6.00pm.

The Concourse Skyline is ideally located at the centre of Singapore’s new ‘action’ zone. Over-looking the newly developed pit lane of the Singapore GP; the proposed Singapore Sports Hub, and the upcoming Marina Bay Integrated Resort, the location will offer buyers buzz and excitement year-round, with potential for capital appreciation and strong rental incomes.

Complementing the action activities are the attractions of the nearby Singapore Flyer and the future Gardens by the Bay, and an unmatched location next to Singapore’s convention and business centre.

The development, designed by internationally renowned architect Philip Cox, includes 40-storey and 28-storey residential towers and offers a range of one-to-four bedroom apartments, skysuites, penthouses, and super penthouses. The development is targeted at city-dwellers seeking an exciting and fast-paced lifestyle in one of Singapore’s future prime property districts.

To enhance the living experience, the Concourse Skyline offers residents the opportunity to retreat to a Sky Garden on the 29th storey, or enjoy the recreational facilities of a lap pool, gym, hot spa and jacuzzi, and barbecue area on the 5th floor.