360-unit Concourse Skyline signals confidence in Singapore’s property
market
September 9, 2008
Leading property investment and development company, Hong Fok Corporation,
today launched a new 360-unit residential development that offers sweeping
waterway and city views, and overlooks Singapore’s newest and most exciting
attractions.
The
Concourse Skyline will be at the centre of Singapore’s new “action”
zone. Overlooking the newly developed pit lane of the Singapore GP;
the proposed Singapore Sports Hub, and the upcoming Marina Bay Integrated
Resort, the location will offer buyers buzz and excitement year-round.
Complementing
the action activities are the attractions of the nearby Singapore Flyer
and the future Gardens by the Bay, and an unmatched location next to
Singapore’s convention and business centre.
The
development, which includes 40-storey and 28-storey residential towers,
is targeted at city-dwellers seeking an exciting and fast-paced lifestyle
in one of Singapore’s future prime property districts.
Hong
Fok Director SE Cheong said the developer and marketing agents are confident
the development will attract strong interest from buyers, both in Singapore
and abroad.
The
development, designed by internationally renowned architect Philip Cox,
will offer a range of one-to-four bedroom apartments, skysuites, penthouses,
and super penthouses.
“We
believe there is strong underlying demand in the Singapore market for
appropriately priced and unique developments. We believe the Concourse
Skyline meets those criteria and is priced to sell.”
Mr
Cheong said Hong Fok was targeting an average sales price of between
SGD$1,500 to SGD$1,800 per square foot (psf) for the one-to-four bedroom
apartments.
“Concourse
Skyline represents a strong investment opportunity in terms of likely
capital appreciation, and we anticipate will also generate above-average
rental returns to the owner.”
The
two 10,000sqf-plus super penthouses, four expansive penthouses, and
four unique two-storey skysuites, all with individual swimming pools,
ensures the development meets the needs of a variety of buyers, Mr Cheong
said.
To
enhance the living experience, the Concourse Skyline offers residents
the opportunity to retreat to a Sky Garden on the 29th storey, or enjoy
the recreational facilities of a lap pool, gym, hot spa and jacuzzi,
and barbecue area on the 5th floor.
The
99-year leasehold property will be previewed to selected buyers in upcoming
days.
Mr
Cheong said the Concourse Skyline offered a front-row seat to Singapore’s
action zone.
“As
the only significant residential development in that area, the Concourse
Skyline will have unobstructed views across a ring of exciting attractions,
offer the joys of waterfront living, and is at the centre of an area
that has the potential to become one of Singapore’s future prime residential
districts.”
<< 30
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