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[UPDATE] Bukit Sembawang's final phase of Luxus Hills fully sold

/ EdgeProp Singapore |

February 21, 2020 2:50 PM SGT

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SINGAPORE (EDGEPROP) - Bukit Sembawang Estates has sold all 39 units in Comtemporary Collection, the final phase of Luxus Hills. Average prices of intermediate terraced houses were from $3.35 million to $3.4 million, or $2,070 psf to $2,100 psf based on land area.

"We have set a new benchmark with pricing for intermediate terraces," says Ho Jenny, general manager of marketing at Bukit Sembawang Estates.

The Contemporary Collection comprises 39 landed houses in the 999-year Luxus Hills landed development. (Picture: Samuel Isaac Chua/The Edge Singapore)

The sales were achieved in just a fortnight of private previews which started on Feb 14. Luxus Hills is a 999-year, leasehold private housing estate located off Ang Mo Kio Avenue 5. It was first launched over a decade ago.

All the units in the Contemporary Collection are fully completed. Thirty out of the 39 houses are inter-terraces; six are corner terraces; two are semi-detached houses; and one is a villa. All the houses are five-bedroom, landed properties which sit on sites ranging from 1,615 sq ft to 6,092 sq ft, with built-up areas of 3,703 sq ft to 6,028 sq ft.

The properties were sold at average prices of $3.35 to $3.4 million for intermediate terraced houses, which translate to $2,070 to $2,100 psf based on land area (Picture: Samuel Isaac Chua/The Edge Singapore)

Bukit Sembawang offered normal payment scheme and several deferred payment schemes to cater to home buyers awaiting proceeds from the sale of their existing properties or from collective sales.

For instance, under the Stay & Pay Scheme, buyers need only pay a 20% downpayment and can move in immediately. Meanwhile, the Reservation Scheme allows buyers to reserve their properties with a 10% deposit.

According to Bukit Sembawang's Ho, 58% of the buyers opted for the normal payment scheme, with 42% choosing the deferred payment scheme.

According to Bukit Sembawang's Ho, 58% of the buyers opted for the normal payment scheme, with 42% choosing the deferred payment scheme. (Photo: Samuel Isaac Chua/EdgeProp Singapore)

"We are encouraged by the strong response from discerning buyers who were taken by the modern architectural designs, spacious layouts, quality finishing and thoughtful touches offered with our homes," comments Ho.

Now that the latest phase of Luxus Hills is fully sold, Bukit Sembawang will focus on the release of the next few phases of the 99-year, leasehold houses at Nim Collection on Nim Road, located near Luxus Hills, just off Ang Mo Kio Avenue 5.

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For price trends, recent transactions, other project info, check out Luxus Hills project research page

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