91% of Luxus Hills sold on preview
All 32 homes offered for sale during the first day of preview on 30 August (Friday) were immediately snapped up by buyers, forcing the developer to release the remaining 46 units for sale. Unit prices ranged from $3.058 million to $4.2 million. Image source: Bukit Sembawang Estates.
Bukit Sembawang Estates’ Luxus Hills (Signature Collection) witnessed robust interest during its preview weekend, with 91 percent or 71 out of its 78 units sold.
This comes as all 32 homes offered for sale during the first day of preview on 30 August (Friday) were immediately snapped up by buyers, forcing the developer to release the remaining 46 units for sale. Unit prices ranged from $3.058 million to $4.2 million.
Bukit Sembawang revealed that 95 percent of buyers acquired homes for their own occupation, while 76 percent were aged between 30 and 60 years old – indicating interest from multigenerational families.
About 75 percent of buyers availed of the flexible deferred payment schemes offered by the developer.
“We are heartened by the positive response for the Luxus Hills (Signature Collection). Buyers were largely attracted to Luxus Hills because of the large living spaces offered by these rare landed 999-year homes in a family-friendly environment,” said Ho Jenny, general manager (Marketing) at Bukit Sembawang Estates Limited.
“Our flexible payment schemes with the option for immediate occupancy also proved popular with buyers who could then comfortably plan their move-in and financing timelines.”
The Stay & Pay scheme enables homebuyers to move in right away after paying a 20 percent down payment. The Reservation Scheme, on the other hand, allows buyers to reserve their preferred unit with a 10 percent deposit.
Bukit Sembawang added that majority of the buyers currently live within immediate Districts 19 and 28.
“We are thankful to be able to secure a home at Luxus Hills as we really love the place. It is a familiar area for us, and we are glad to own a place where all three generations of our family can live together and call it home,” said a buyer who wanted to be known only as Mr Yeo.
The 999-year leasehold landed development in Seletar Hills Estate comprises 58 intermediate terraces, 10 corner terraces and 10 semi-detached homes. Plot areas start from 150 sq m to 274 sq m, while built-up areas range between 329 sq m and 354 sq m.
“Luxus Hills is a completed project by well-known local developer Bukit Sembawang that is well-priced and comes with very attractive and flexible payment schemes. These are very compelling reasons for Singaporean home buyers to purchase the landed homes,” said Eugene Lim, key executive officer at ERA Realty.
Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email firstname.lastname@example.org