Pinetree Hill, a 520-unit condominium development in Singapore, sold 29% of its units over its launch weekend on July 15 and 16. The development is a joint venture between UOL Group and Singapore Land Group. The average selling price for a unit at Pinetree Hill was $2,460 per square foot (psf)
A total of 150 units out of the 400 launched the day before were sold, in which 61 per cent of which were one- and two-bedroom units with a study. About 99 per cent of the buyers were Singaporeans and permanent residents. The starting price of a one-bedroom unit with a study is $1.25 million, while that for two-bedders is $1.59 million. Three-bedroom units start at $2.2 million.
Pinetree Hill is a 99 years leasehold development located in Ulu Pandan, which is a tranquil and serene area that is close to the city center. The development is also well-connected to public transportation, with Dover MRT station within walking distance.
It is near popular schools such as Henry Park Primary School and Pei Tong Primary School making it an attractive buy for families with young children- according to analysts.
The project, which sits on a 22,534.7 sqm site, is expected to obtain its temporary occupation permit in 2027.
*Image Source: UOL
Source: https://www.straitstimes.com/business/pinetree-hill-sells-29-of-units-over-launch-weekend-at-average-selling-price-of-2460
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