Average prices at Perfect Ten hit $3,000 psf with 27% of units sold
Average prices at Perfect Ten hit $3,000 psf with 27% of units sold. The developer, CK Asset Holdings, has sold at least 64 units (27 percent) of the luxury project Perfect Ten on Bukit Timah Road, which was launched for sale in December 2021. The Hong Kong-based firm is Hong Kong billionaire Li-Ka Shing’s flagship real estate company. According to Justin Chiu, executive director of CK Asset Holdings, approximately 80% of buyers are locals and 10% are permanent residents. The rest are mainland Chinese and Hong Kong buyers. He claims that approximately two-thirds of the units sold are two-bedroom units, with the remainder being three-bedroom units.
Perfect Ten is a freehold development in the heart of prime District 10 in Singapore. Two 24-story towers designed by Singapore-based architectural firm DP Architects comprise the 230-unit development. So far, one of the 115-unit residential towers has had units released. Two-bedroom units range in size from 753 to 797 square feet, and three-bedroom units range in size from 1,227 to 1,281 square feet.
The developer recently updated its sales gallery, adding new interior designs to its two- and three-bedroom show units. According to the developer, the show unit designs will be updated on a regular basis. “We want our buyers to see something different every time they come to the show flat.” “We hope this gives them a reason to think about the project and makes their visit more memorable,” says Chiu. “Sales [at Perfect Ten] have increased significantly in recent months, and we are encouraged by the pace of sales so far.” “We hope to start selling apartments in the next tower later this year or early next year,” he says.
He continues, “The majority of Perfect Ten’s overseas buyers are either businessmen with established businesses in Singapore or parents who plan to educate their children in Singapore.” Furthermore, according to Chiu, “the impact of Singapore’s property cooling measures has provided more opportunities for local buyers to invest in new launches such as Perfect Ten.” He claims that the majority of buyers thus far have been younger homeowners, with some using their parents’ money to secure a District 10 home. “Most of the time, these buyers are locals who are drawn to the development because of the design and size of our units,” he says.
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