CDL sells 315 units at The Tapestry on launch weekend

By
/ EdgeProp Singapore
|
March 25, 2018 7:54 PM SGT
On the first weekend of The Tapestry’s launch, City Developments Ltd (CDL) sold 315 units at the 861-unit private condo located along Tampines Street 86, located off Tampines Avenue 10.
According to Chia Ngiang Hong, CDL group general manager, the 315 units sold represented 70% of the 450 units released that weekend. Although all unit types saw good take-up rate, the one- and two-bedroom units were said to be particularly popular. The average selling price was $1,310 psf.
The crowd at the tentage on Saturday, March 24, the first day of launch (Credit: CDL)
Singaporeans made up 76% of the buyers at The Tapestry, with the remaining 24% being Permanent Residents and foreigners from China, India, Indonesia, Hong Kong and Malaysia.
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One-bedroom units at The Tapestry were priced from $596,000 that weekend while two-bedroom units were priced from $796,000, and three-bedroom units started from $1.15 million. Four-bedroom units were priced from $1.65 million and five-bedroom dual-key units with study started from $2.1 million.