NTUC Choice Homes and Wing Tai began selling their Casa Merah condo near Tanah Merah MRT Station yesterday at a net average price of $588 per square foot, after a 12 per cent discount.
Yesterday’s preview was open to union members, business associates of the developers and members of the public who registered interest in the 99-year leasehold project. CB Richard Ellis is marketing the property.
The property is being developed through a joint venture that is 70:30 owned by NTUC Choice Homes and listed Wing Tai. It comprises two-bedders, three-bedders, three bedroom-with study and four-bedroom apartments. The cheapest two-bedder on the ground floor costs $533,000, while prices of three-bedroom apartments start from $720,000. Both prices are after discount.
Source: The Business Times, 14 April 2007
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