GEM Residences developers give full price list ahead of launch

Singapore

IN what could be the first in recent years, developers of an upcoming private condominium project have released the full price list one week ahead of launch and is making a commitment to stick by that price list.

GEM Residences, a 99-year leasehold project in Toa Payoh jointly developed by Gamuda, Evia Real Estate and Maxdin Pte Ltd, will go on sale at an average S$1,426 per square foot (psf), lower than the earlier indicative market pricing of S$1,480 psf.

The release of prices for all 578 units comes ahead of the launch of Stars of Kovan by Cheung Kong Property this weekend. The latter had revealed average pricing of about S$1,550 to S…