Boulevard 88 sees 80% sales for released units

By
/ EdgeProp Singapore
|
March 20, 2019 4:48 PM SGT
City Developments Limited (CDL) and its joint venture partners – Hong Leong Holdings Limited and Lea Investments – has sold 20 out of 25 released units to date since opening luxury development Boulevard 88 up for exclusive private previews on March 8.
A sales value of over $160 million was achieved in less than two weeks, which is a “positive response” and “very encourag[ing]”, especially in the “current market”, says Chia Ngiang Hong, CDL group general manager.
Artist's impression of the 154-unit Boulevard 88 (Credit: CDL)
The average selling price is at $3,550 psf, and the majority of units sold were four-bedroom apartments priced above $10 million each. The rest comprised two-bedroom plus study and three-bedroom apartments. Singaporeans make up 60% of the buyers, with the remainder being Permanent Residents and foreigners mainly from Indonesia, China, and the US.
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The 154-unit Boulevard 88 is the only brand new freehold residential development along Orchard Boulevard in prime District 10. It is directly accessible through Orchard Boulevard and Cuscaden Road, and is a six-minute walk to the Orchard Road shopping belt, Orchard MRT Station on the North-South Line and the future Orchard Boulevard MRT Station on the Thomson-East Coast Line.
Designed by world-renowned architect Moshe Safdie, Boulevard 88 comprises two 28-storey residential towers that are connected at the top by a Sky Boulevard. Boulevard 88 is also on top of The Singapore Edition Hotel conceived by American hotelier Ian Schrager and Marriott International. Residents can enjoy convenient access to the hotel’s dining facilities.
Sky Gym and Sky Spa at Boulevard 88 (Credit: CDL)
Prices for units at Boulevard 88 start from $4.4 million for a 1,313 sq ft two-bedroom plus study, $6 million for a three-bedroom unit, and $9.6 million for a four-bedroom unit. The development has four penthouses priced at $30 million and $32 million. The largest penthouse has an area of 6,049 sq ft.