Published 13 May 2011
The Business Times
By Uma Shankari
WING Tai Holdings will launch its latest residential project, Foresque Residences at Upper Bukit Timah, tomorrow.
The 496 units in the 99-year-leasehold development on Petir Road are priced from $850 per square foot (psf) to $1,300 psf. The smallest units, 463-sq-ft one-bedders, start from $550,000, while ‘cabana garden’ units start from $1.75 million.
Wing Tai won the site in a state land tender in October last year with its top bid of $345 psf per plot ratio (ppr).
Foresque Residences is designed by award-winning architects Arc Studio, with whom Wing Tai collaborated for L’VIV, its high-end project on Newton Road. As at end-March 2011, 103 apartments in the 147-unit L’VIV had been sold, with the sole unit sold in March going for $2,200 psf.
Foresque Residences’ design exploits to the fullest advantage the natural greenery and tranquillity of the Bukit Timah Nature Reserve, and offers views of the Upper Seletar and Upper Pierce Reservoirs, Wing Tai said.
The 24-storey development features five towers that are designed for maximum sense of space and openness. The design features aim to capture the unsurpassed expanse of natural luxury that the Cashew estate affords, said Edmund Cheng, deputy chairman of Wing Tai.
Len Siew Lian, Wing Tai’s general manager for property, said she is confident that Foresque Residences will be well-received by the market. The pricing is ‘commensurate’ with the quality and value of the development, she added.
Elsewhere, Hoi Hup Realty will soon start to market The Foresta @Mount Faber, its 141-unit freehold development on Wishart Road. It is located on the site of the former Pender Court, which Hoi Hup bought in a collective sale in June 2010 for $915 psf ppr.
Units in The Foresta @ Mount Faber are priced at around $1,800 psf on average, BT understands.
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