Hundred Palms EC sells out in a day; over 80 units sold at Martin Modern

Singapore

THE sell-out of executive condominium (EC) project Hundred Palms Residences in a single day and a credible showing at high-end project Martin Modern have become the latest indications of an earlier than expected property uptrend.

All 531 units at the Hundred Palms Residences by Hoi Hup Realty were sold out within seven hours on the first day of launch on Saturday, at an average S$836 per square foot (psf), said one of its marketing agencies ERA Realty.

This came on the back of over 2,700 e-applications received for the EC units. Some 70 per cent of the buyers were first timers.

The last time such robust demand was witnessed for an EC p…