Victoria Park Villas semi-Ds priced at S$4.4m to S$7.6m

IN what is the only prime landed site to be awarded by the government since 1996, CapitaLand is launching 106 semi-detached houses for S$4.4 million to S$7.6 million each and three bungalows for S$11 million to S$12 million each in Victoria Park Villas this Saturday.

These 99-year-leasehold units in the District 10 project "could have gone for a million dollars more" each in better market conditions, CapitaLand Singapore CEO Wen Khai Meng told reporters.

Since the project's soft launch about a month ago, some seven semi-Ds have been sold to Singaporeans at an average S$4.5 million. Based on useable area, excluding car-park porch, the average pricing for the project is S$1,200 to S$1,400 per square foot (psf) - which is "Sengkang condominium price", Mr Wen quipped.