K16 Development's Atlassia in Joo Chiat sells 48% of total units on launch weekend

The 31-unit development managed to achieve a median price of $2,081 psf. (Picture: Samuel Isaac Chua/The Edge Singapore)

SINGAPORE (EDGEPROP) - Local boutique developer K16 Development has sold 15 residential units at its newest project Atlassia. The freehold mixed-use development in Joo Chiat was launched for sale on May 21.

See also: New residential project with conserved shophouses, Atlassia, to preview on May 14

The 31-unit project is located along Joo Chiat Place, and it comprises a row of nine conserved shophouses and a five-storey residential extension.

According to Grace Yang, project director of K16 Development the development managed to achieve a median price of $2,081 psf. “I am very thankful and grateful that the buyers are appreciative of our project. Its gives validation to what I do as a boutique developer,” she says.

The project features nine loft-style apartments on the second floor of the shophouses, and these units feature a ceiling height of 4.5m and a mezzanine floor. Meanwhile, the five-storey extension consists of one- to three-bedroom units.

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Check out EdgeProp's suite of research tools for a price comparision of nearby residential properties in the Joo Chiat area. (Picture: EdgeProp Singapore)

Check out the latest listings near Atlassia, Joo Chiat Place

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