CK Asset to release 55 more units for sale at Perfect Ten; prices start at S$2.1m

CK Asset Holdings will launch 55 more units at its freehold, 230-unit residential project, Perfect Ten, on Saturday (Sep 10) under its latest phase of sales.

Indicative prices for these units at the luxury development in Bukit Timah in District 10 start at about S$2.1 million to S$2.5 million for the 2-bedroom units, and S$3.5 million to S$4.1 million for the 3-bedroom units.

The developer said the average price for the 55 units works out to around S$3,000 per square foot (psf).

The units are located in a 115-unit tower; the 2-bedroom units range from 753 to 797 square feet (sq ft) and the 3-bedroom units, from 1,227 to 1,281 sq ft.

Data from the Urban Redevelopment Authority indicates that the developer sold 17 units in July at a median price of S$2,932 psf.

Since its launch in December, the property developer has sold 96 of the 115 units that were released then, for a total sales value of about S$285 million. Some 87 per cent of buyers were locals and permanent residents, and the rest, foreigners.

The 96 units were sold at about S$2.08 million to S$4.2 million for the 2- and 3-bedroom units, working out to an average price of S$3,000 psf, said the developer. Of the 46 3-bedroom units released under the first phase, 44 were sold.

Highlighting the project’s proximity to reputable schools, Dr Justin Chiu, executive director of CK Asset, said: “Many of our buyers are families with young children. We are confident that the new tower, which comes with different orientations and views, will be well-received by the market.” 

CK Asset reckons that there will be strong demand for units in the latest phase, citing the limited number of new launches in the Core Central Region (CCR). Residential projects now offering previews include GuocoLand’s integrated mixed-use development Lentor Modern, and Frasers Property’s 158-unit Sky Eden@Bedok.

Lentor Modern in district 20, which offers 605 units, is pricing its 1-bedroom and 2-bedroom units from about S$1.1 million and S$1.4 million, respectively. The 3-bedroom and 4-bedroom units start at S$1.9 million and S$2.9 million, respectively. On a psf basis, prices start at S$1,880 psf.

The 99-year leasehold development comprises 3 residential towers of 25 storeys each. It is linked to a mall with 96,000 sq ft of F&B outlets and shops, a 12,000 sq ft supermarket and a 10,000 sq ft childcare centre.

Over at the 99-year leasehold Sky Eden@Bedok, indicative prices start at S$1,937 psf, with unit prices at about S$1.3 million for a 657 sq ft, 2-bedroom unit, S$1.7 million for a 893 sq ft, 3-bedroom unit, and S$2.6 million for a 1,302 sq ft, 4-bedroom unit. Frasers has moved the development’s sales launch forward from Saturday to Wednesday (Sep 7), following healthy interest in the 158 units, a Frasers spokesperson confirmed.

Since the preview kicked off on Aug 27, Sky Eden has attracted some 8,000 visitors.