Orchard Residences sold at S$4,000 psf

everal units of CapitaLand’s Orchard Residences sold at S$4,000 psf
March 22nd, 2007

Prices for the high-end luxury residential sector continued to climb to new highs.

According to developer CapitaLand, several units of its Orchard Residences development at Orchard Turn had been sold at more than S$4,000 per square foot.

The 56-storey development is being built by CapitaLand and Hong Kong’s Sun Hung Kai Properties.

Units above the 32nd floor attained prices of more than S$3,200 per square foot.

CapitaLand said the buyers were established high net worth individuals in Singapore and the region.

About 50 percent of the 175-unit development is being sold in the first phase on a by-invitation basis.

The development is targeted for completion in late 2009.

Source: Channel NewsAsia, 21 March 2007

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