The Reserve Residences sells 71% of total units at an average of $2,460 psf
Artist's impression of The Reserve Residences, where 486 units have been sold at an average price of $2,450 psf
"Selling 82% of released units on the first weekend attests that thoughtful design, a strategic location, and the scarcity of integrated developments with a transport hub have made this project very attractive to homebuyers," says Shaw Lay See, COO of the sales & leasing group, Far East Organization. "We are confident our high floor units, sky terrace homes and penthouses with exceptional views will continue to delight homebuyers.
About 99% of the buyers are Singaporeans and Permanent Residents, with three foreign buyers of US citizenship. Under the Free Trade Agreement, US citizens are subject to the same additional buyer's stamp duty as Singaporeans. Hence, they are not subjected to the 60% ABSD that foreigners now have to pay.Regarding the profile of buyers, those aged between 31 to 40 years old constituted 41%, while those between 21 and 30 made up 22%.
Apartment units at The Reserve Residences range from 441 to 495 sqft for a one-bedroom; 560 to 807 sq ft for a two-bedroom; 883 to 1,378 sq ft for a three-bedroom; 1,475 to 2,250 sq ft for four-bedroom apartments and duplex units; and 1,765 to 3,003 sq ft for five-bedroom apartments, duplex and penthouse units.
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