Guthrie sells half of the 100 units released at Havelock II

[SINGAPORE] Some 70 per cent of the 50 units at Havelock II that Guthrie GTS has sold since the project was soft launched in mid-July were picked up by buyers for their own use.

This is a significantly higher proportion compared with a share of 30-45 per cent for owner occupiers among buyers of strata commercial units in Guthrie's ventures in recent years, such as Paya Lebar Square, The Adelphi near City Hall MRT Station and Burlington Square along Bencoolen Street.

In an interview with BT, Guthrie GTS director Michael Leong described the higher proportion of end users in Havelock II as a "healthy trend" reflecting the drop in speculative fervour.