At average $750 psf, no sure who is stealing from who?
City Square with soft launch price of $500 plus should be considered as "Free"
Enjoy waterfront living at The Sea View at a steal
Waterfront living continues to beckon with Wheelock Properties' latest offering, The Sea View. Except this one is easier to reach.
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Home buyers at the East Coast condominium's soft launch this weekend will find that each square foot averages $750.
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That is lower than the prices of seaside properties launched earlier: The Sail @Marina Bay averaged $960 psf while The Berth by the Cove at Sentosa Cove went for an average price of $830 psf.
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The charm of The Sea View lies in its developer's name, said analysts. Wheelock, formerly Marco Polo Developments, is known for building luxurious living spaces – such as The Cosmopolitan sitting on the former Times House site, and Grange Residences — in districts 9, 10 and 11.
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This time, Wheelock is building six 23-storey towers where Seaview Hotel once stood on Amber Road. The Sea View houses 546 units, comprising one-, three-, and four- bedroom apartments as well as 24 penthouses.
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Sizes range from 560 sq ft to 2,900 sq ft. All units, except the one-bedroom apartments, come with a big balcony. Besides swimming pools, a jogging track and a clubhouse, there is an underground car park.
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Cushman & Wakefield managing director Donald Han expects the property to garner a good response: "It's Wheelock's quality assurance. And the location is good — five minutes away from the city and walking distance to eateries."
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Another property analyst who declined to be named added that the East Coast area is synonymous with a relaxed lifestyle. What's more, the price is good, she said: "Sometimes a developer's aim is to get the launch off to a good start. They can always adjust it later."
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At this weekend's soft launch, Wheelock will offer units in two towers at a 10-per-cent discount of $650 psf to $890 psf. It would not say when subsequent phases would be and how prices would be adjusted.
Waterfront living continues to beckon with Wheelock Properties' latest offering, The Sea View. Except this one is easier to reach.
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