Recently CDL has been in the news for marketing their existing projects with property guru as well as launching the upcoming projects like the Forest Woods which we discussed earlier on. We will like to focus talking about Commonwealth Towers, a new development by CDL that has launched a year ago. They are actually giving a 2% off on 3bedroom currently which is a rather a good buy as CDL seldom offer this type of deals. For the month of August 2016, despite the Chinese 7th month, they have managed to sell 4 units average S$1.3m per unit at stack 20,10, and 14. However so far during the month of Sept, only manage to sell 1 unit. The current lowest price is around $725,127 for a 474sqft and highest price is $2.2m for a 1302sqft. The average PSF is about $1529 to $1691 to date.
Projects at Commonwealth or District 3 are popular among the locals as they are near to city and yet livable with the quietness around the estate.
Comparing this launch that is near to city today will be the Tre Residences at District 14, and they are also consider a city fringe development that most people may be keen in. The sales has been rather poor for the past few months, with only 1 unit in July, 0 unit in August and to month of sept, only 1 unit sold. The average price is around $1300 psf which is reasonable for the location and the proximity to MRT similar to Commonwealth Towers.
These two projects will be ideal for people working in the CDB or Orchard areas as they both present a good options for transportation to reach the destinations within minutes.
Personally view: Commonthwealth Towers will win my vote as the neighbourhood is more towards my self quietness nature as compare to Tre, it will be definitely be a “buzzing” area for those who know what’s Geylang is about. Of course, it comes with a price for the serene environment by a branded builder.
To conclude, each project cater to different group of niches, choose the one that suit you the best.