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Shandy Tong
Senior Associate Director
ORANGETEE & TIE PTE LTD
CEA Licence No.:
L3009250K / R006026J

shandytong@yahoo.com.sg
Call (+65) 8288 8078 - (+65) 9029 6282

News: Sales at The Santorini off to slow start

Apr 2, 2014

Sales at the 597-unit The Santorini condominium (pictured) along Tampines Avenue 10 have been slower than expected, with a 40 percent take-up rate recorded over two days last weekend.

Officially launched on 29 March, only 80 units found buyers out of an initial 200 apartments made available for sale, with the average price at $1,100 psf.

A spokesman from developer MCC Land (Singapore) said the majority of sales involved one and two-bedroom units.

Strong pent-up demand was expected for the Mediterranean-inspired project as it is the first new launch in the Tampines area
since Q Bay Residences came onto the market just over a year ago. 

The development comprises eight 15-storey blocks of one- to
five-bedroom units of varying configurations, including penthouses.

Located close to Tampines MRT station, the project is expected to TOP in 2018.

 

Muneerah Bee, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email muneerah@propertyguru.com.sg

 

Related Stories:

World’s first $1m virtual property

MCC Land launches The Santorini

Huge buzz surrounding upcoming launches

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Shandy Tong
Senior Associate Director
ORANGETEE & TIE PTE LTD
shandytong@yahoo.com.sg
CEA Licence No.:
L3009250K / R006026J
(+65) 8288 8078
(+65) 9029 6282
 


 
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