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SINGAPORE : City Developments and its joint venture partners, Hong Leong Holdings and Hong Realty, have sold 80 per cent of the 200 units released at a private preview of NV Residences on Wednesday.
Priced at an average of S$830 per square foot, the 99-year leasehold apartments at the 642-unit development range from S$557,000 for a one-bedroom unit to S$1.9 million for a penthouse.
The development consists of eight blocks of 12 to 15 storey condominium units on a site area of nearly 30,500 square metres.
Its recreational facilities include a geometric garden, children's playground, swimming and jacuzzi pools, tennis courts, and a gym.
NV Residences, which is located at Pasir Ris Grove, is within walking distance to the Pasir Ris MRT Station and is close to shopping and entertainment amenities such as Downtown East, Tampines Mall and Century Square.
The developers said it is also the first condominium in Singapore to introduce a patented storage solution which maximises the space in the apartment with the integration of smart storage compartments that are built flushed with the floor or the bay window.
City Developments' group general manager, Chia Ngiang Hong, said: "We're very encouraged by the good response for NV Residences, which shows a healthy demand for a well-positioned and attractively-priced residence in the East, particularly amongst owner-occupiers."
- CNA/al
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