Buyers snapped over 50% of units at Irwell Hill Residences condo on a weekend launch

Buyers snapped 278 of those 540 units of City Developments Ltd's Irwell Hill Residences, a 99-year leasehold advancement in prime District 9, on its own launch weekend.

Approximately 80 percent of those buyers are Singaporeans, with the rest comprising permanent citizens and citizens from China, Malaysia, Indonesia, Australia, South Korea, UK and many others, CDL stated on Sunday (April 11).

Irwell Hill Residences star buy units ranged from 398 sq feet for a studio to 1,582 sq feet for a four-bedroom premium, including three penthouses from 2,185 into 2,605 sq ft. Apartments were priced from $998,000 to get a studio unit to more than $4 million to get a four-bedroom premium unit with a private elevator.

CDL reported all unit types have been well received, together with one-bedroom and study and two-bedroom components the hottest.  1 four-bedroom penthouse was also sold for more than 9 million, or $4,123 psf.

Mr Sherman Kwek, CDL staff chief executive officer, stated:"We're thrilled with the powerful take-up for Irwell Hill Residences, that marks CDL's initial residential launching for its year.  The overwhelmingly positive reaction reflects the requirement for well-located and properties that are meticulously designed "

Irwell Hill Residences in Irwell Bank Road is a five-minute walk in the coming Great World MRT station and close to the Orchard Road shopping belt.

The condominium includes two 36-storey towers using a champagne gold pixel-patterned facade conceptualised by famous Dutch design clinic MVRDV.  More than 75 percent of this growth is going to be full of lush greenery, such as four conserved raintrees.

 

The marketplace for new private houses in Singapore has shown surprising strength regardless of the Covid-19 pandemic and financial challenges.

Last month, GuocoLand marketed 340, roughly 60 percent, of those 558 units of its Midtown Modern condominium in Bugis on its own launching weekend, at prices averaging near $2,800 psf.  Swire Properties sold all of 20 units in its finished ultra-luxury condominium, Eden, at Draycott Park for about $293 million into the Tsai family from Taiwan supporting snack food giant Want Want.