Average prices at Perfect Ten hit $3,000 psf with 27% of units sold

by Albert02

Average prices at Perfect Ten hit $3,000 psf with 27% of units sold

Average prices at Perfect Ten hit $3,000 psf with 27% of units sold. CK Asset Holdings, the developer, has sold at least 64 units (27 percent) of the luxury project Perfect Ten on Bukit Timah Road, which went on sale in December 2021. The Hong Kong-based firm is the flagship real estate company of Hong Kong billionaire Li-Ka Shing. According to Justin Chiu, executive director of CK Asset Holdings, approximately 80% of buyers are locals, with the remaining 10% being permanent residents. The remaining buyers are mainland Chinese and Hong Kong residents. He claims that two-bedroom units account for roughly two-thirds of all sales, with three-bedroom units accounting for the remainder.

Perfect Ten is a freehold development located in the heart of prime District 10. The 230-unit development is comprised of two 24-story towers designed by Singapore-based architectural firm DP Architects. So far, the developer has released units in one of the 115-unit residential towers. The development includes two-bedroom units ranging in size from 753 to 797 square feet and three-bedroom units ranging in size from 1,227 to 1,281 square feet.

The developer recently updated its sales gallery, adding new interior designs to its two- and three-bedroom model homes. The show unit designs, according to the developer, will be updated on a regular basis. “We want our buyers to see something new each time they visit the show flat.” “We hope this gives them pause to consider the project and makes their visit more memorable,” Chiu says. “Sales [at Perfect Ten] have increased significantly in recent months, and the pace of sales so far has encouraged us.” “We hope to begin selling apartments in the following tower later this year or early next year,” he says.

He goes on to say that the majority of Perfect Ten’s overseas buyers are either businessmen with established businesses in Singapore or parents who intend to educate their children in Singapore. Furthermore, “the impact of Singapore’s property cooling measures has provided more opportunities for local buyers to invest in new launches such as Perfect Ten,” according to Chiu. He claims that the majority of the buyers so far are younger homeowners, with some using their parents’ money to secure a District 10 home. “Most of the time, these buyers live in the area and are drawn to the development because of its design and the size of our units,” he says.

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Source:
https://www.edgeprop.sg/property-news/average-prices-perfect-ten-hit-3000-psf-27-units-sold



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