CDL unit sells 65 units of The Residences at W Sentosa after slashing prices

Renald Yeo

Published Tue, Apr 16, 2024 · 09:53 PM

CITYVIEW Place Holdings, an associate company of City Developments Limited (CDL) : C09 0%, sold 65 units at The Residences at W Sentosa Cove Singapore in a week, more than the 58 units put on the market on Apr 9.

Additional units had been put up for sale to “cater to the strong demand”, which saw around 3,200 visitors from Apr 10 to 14, a Cityview spokesperson said.

The 65 units fetched an average selling price of S$1,780 per square foot (psf), with Singapore citizens and permanent residents making up 94 per cent of the buyers. The remaining units were bought by foreigners hailing from China, France and the US.

Located in District 4 of the prime Core Central Region, the 228-unit, 99-year upscale condo was completed in 2011. It is part of CDL’s Quayside Collection integrated development, which also includes five-star hotel W Singapore Sentosa Cove, as well as the F&B and retail property Quayside Isle.

Prior to the latest sales exercise, caveats data revealed that only 20 units had been sold since April 2010, at a median unit price of S$2,810 psf.

“All unit types were well-received, with the two-bedroom and three-bedroom units being the most popular,” the spokesperson said. “Discerning homebuyers also snapped up the rare duplex penthouses.”