This week in property: Highlights from June 4 to June 8

By EdgeProp Singapore / EdgeProp | June 8, 2018 4:00 PM SGT
Property highlights of the week from June 4 to June 8:
Four projects were launched over the weekend of June 2 – 3. They were 120 Grange by Roxy-Pacific Holdings, Margaret Ville by MCL Land, Affinity at Serangoon by a consortium led by Oxley Holdings, and The Garden Residences, a joint development by Keppel Land and Wing Tai Holdings.
In prime district 10, Roxy-Pacific saw 37 out of 56 units at 120 Grange – a boutique development – sold during the weekend. Prices of the freehold 120 Grange averaged above $3,100 psf.
In Queenstown, the 309-unit Margaret Ville sold 102 of the 120 units released at an average price of $1,880 psf. The leasehold project is a 40-storey tower, with a mix of one- to four-bedroom units sized from 463 sq ft to 1,464 sq ft.
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Meanwhile in Serangoon, 613-unit leasehold The Garden Residences along Serangoon North Avenue 1 sold over 60 units at an average price of $1,660 psf. Nearby, the 1,052-unit Affinity at Serangoon sold 112 of the 300 units released on balloting day. The leasehold Affinity sold at an average price of $1,475 psf.
2) Gilstead Court and Spanish Village launches collective sale
Owners of the 48-unit Gilstead Court have launched the freehold development for collective sale at the reserve price of $168 million. The asking price reflects a land rate estimate of $1,590 psf per plot ratio (ppr). Completed in 1978, Gilstead Court is located on Gilstead Road in prime district 10. It is a 10-minute walk from Novena MRT station.
Also in prime district 10, owners of the 226-unit Spanish Village have launched the freehold residential site for collective sale, at $882 million. The asking price reflects a land rate of $1,721 psf ppr. Completed in 1987, Spanish Village is located on Farrer Road. The development is a six-minute walk from Farrer Road MRT station.
Hotel operator Far East Hospitality Holdings has unveiled a new brand under its portfolio - The Barracks Hotel.
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The first hotel under The Barracks Hotel brand will be launched in Sentosa, Singapore, in mid-2019. The hotel will bear the same name as its brand. The Barracks Hotel in Sentosa, with 40 keys available, features colonial architecture.
WeWork, the New York-based co-working space giant, has opened its regional flagship space - its largest in Southeast Asia - in Singapore, at 71 Robinson Road.
The co-working space operator will occupy three floors in the 15-storey office building, catering 1,400 seats for entrepreneurs and businesses to work in. This is the second office space the company operates in Singapore.
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In January, WeWork launched its first co-working space at Beach Centre on Beach Road, occupying the first three floors and spanning more than 690 desks.