Should buyers get more excited over relatively ‘cheap’ freehold Newport Residences?

[SINGAPORE] City Developments Ltd’s ( CDL ) group CEO Sherman Kwek described the response to the launch of the group’s freehold Newport Residences early this year as positive.

As at 5 pm on Jan 31, 146 units or 57 per cent of the development’s 246 units, were sold. 

Located along Anson Road in District 2 in Singapore’s Downtown Core, Newport Residences spans levels 23 to 45 of the 45-storey Newport Plaza, which will also have Grade A offices, F&B spaces and branded serviced apartments.