First units at high-end condo The Marq sold out at $4,137psf
There seems to be no end in sight for the spiralling property prices in the high-end luxury market.
SC Global Developments, a specialist in the development of luxury residences, announced that the first phase of The Marq sold out at prices averaging $4,137psf.
The units that were sold ranged between $11 million to $31 million.
This sale of the first phase of the development comprised 21 units from the Premier Tower and Signature Tower.
Eight of these were in the Signature Tower, where every unit came with a private 15-metre lap pool. The tower features 21 five-bedroom apartments averaging 6,195sqft. The unit that sold for $31 million reflected a price of $5,100psf.
The remaining 13 units sold were in the Premier Tower, which has 42 four-bedroom apartments that are around 3,000sqft in size.
The release of the second phase of units of The Marq will be announced at a later date.
Source : Weekend Today - 30 Jun 2007
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