RIVERTREES Residences, a waterfront condominium project in Sengkang jointly developed by Frasers Centrepoint, Far East Orchard and Sekisui House, is expected to be launched at a premium of $50-100 per square foot (psf) over its next-door competing project.
Prices for the units will start from $950 psf when the project is open for booking on Feb 22, Frasers Centrepoint said yesterday. The average price for the initial phase could be in the range of $950-$1,150 psf.
Chief executive Cheang Kok Kheong noted that a slight premium to UOL Development's Riverbank @ Fernvale project would be "considered as fair" for the waterfront view that the project offers.
Competing development Riverbank @ Fernvale,...