The private property market’s 1st new launch since the introduction of the new cooling measures, Daintree Residence, achieved a 63% take-up rate as it moved 50 of the 80 units launched over the weekend.
Developer SP Setia revealed that the 327-unit project achieved an average selling price of $1,710 psf, with two-bedroom units making up the bulk of the units sold, followed by three-bedders.
While the price tag at Daintree was a bit lower than the $1,800 psf that SP Setia general manager Neo Keng quoted ahead of the launch, this does not mean that the company is holding a fire sale. Last year, nearby project The Creek @ Bukit sold for less at $1,630 psf.
– July 30, 2018
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