Soilbuild to sell penthouses, sky villa via auction
SOILBUILD will sell a ’sky villa’ and two penthouses in its freehold 44-unit Leonie Parc View through an auction by Christie’s and Colliers International, the developer said yesterday.
‘We expect the sky villa and penthouses to appeal to both foreign and local investors, commanding prices in the region of $3,200 to $3,600 per square foot (psf),’ said Grace Ng, Colliers International’s auctioneer. Colliers will jointly conduct the auction with Christie’s Great Estates exclusive affiliate Ken Jacobs.
Leonie Parc View is located on Leonie Hill Road in the prime District 9. The development comprises one sky villa, three penthouses and 40 four-bedroom units.
The project has been previewing overseas since late April. Following roadshows in Hong Kong and Indonesia, 18 of the 20 units released were sold through private placements to overseas buyers, with prices ranging from $2,600 to $3,000 psf, said Jerry Tan, managing director of property firm JTResi, which is handling the preview sales. The rest of the units will be released at a later date, Soilbuild said.
The double-storey sky villa is an expansive 7,000 sq ft and comes with a private lap pool on its upper level. The other two penthouses are 2,900 and 3,000 sq ft. The by-invitation-only auction is slated for June 8 at 3pm at the Raffles Hotel.
Low Soon Sim, executive director of Soilbuild, said: ‘Through this auction, we intend to reach out to a wider group of international investors seeking a presence in a global city like Singapore.’
Source : Business Times - 22 May 2007
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