Listed developer OUE sparked the trend of offering deferred payment schemes for completed condominiums when it relaunched OUE Twin Peaks Tower 2 in April this year. On the back of the successful relaunch, it launched units at OUE Twin Peaks Tower 1 on July 30, offering similar DPS to buyers.
OUE has sold 210 units at OUE Twin Peaks since April. The figure is estimated based on URA caveat data as at Dec 19. Given the success of OUE’s DPS, other developers have followed suit with their own versions of the scheme.
OUE Twin Peaks comprises two identical 35-storey towers containing 231 units each. It is located in prime District 9, within walking distance of Orchard and the upcoming Great World MRT station. All 462 units in the condo are fully furnished by designers such as Charles and Ray Eames, Gerrit T Rietveld, Hans Wegner, Matthew Hilton and Tom Dixon.
Since its relaunch in April, an estimated 210 units at OUE Twin Peaks have been sold