Seaside Residences just saw its strongest sales for the five months to date. Buyers snapped up 54 units over the week of May 1 to 8, leaving only 36 units up for grabs under phase two following its launch on May 1. The project comprises 841 residential units and two commercial units across four blocks and three phases. The first phase, launched in Apr last year, saw all 640 units sold by last month. The entire development is now 82% sold. Frasers Property Singapore, the developer of Seaside Residences, took advantage of the positive sentiment in the property market to raise prices for its phase-two launch. Average psf price for the home units jumped 13.1% to $1,933 for the new releases, compared with $1,712 fetched in the first phase. The developer is planning to launch phase three in 4Q2018. Of the phase-two home buyers, 90% are locals, with the rest from the US, Indonesia, Hong Kong, China and Japan. Given the record prices achieved in collective sales in the East, it is not surprising why Seaside Residences has only 149 units left for sale.... Continue Reading