The Business Times | Tuesday, Jun 04, 2013

SINGAPORE – City Developments Limited’s (CDL) 616-unit Jewel@Buangkok drew strong sales over the weekend, with 203 of the 280 units released by the developer snapped up.

The average selling price of the apartments was about $1,150 per square foot, which includes an early-bird discount, said CDL.

Singaporeans had the lion’s share of sales, making up 84 per cent of buyers. Many were young couples, PMEBs (professionals, managers, executives and businessmen) and HDB upgraders, according to CDL.

The remaining 16 per cent of buyers were foreigners and permanent residents from Malaysia, China, Indonesia, Taiwan, Hong Kong, Australia, the United States and Japan.

Jewel@Buangkok features six towers with heights of between 15 and 17 storeys, and houses a selection of one to five-bedroom apartments, dual-key units and penthouses. Apartment sizes start from 463 square feet for a one-bedroom unit to 1,701 sq ft for a five-bedroom unit.

Penthouses start from 2,067 sq ft to 2,540 sq ft. CDL said that two out of the project’s five penthouses were sold, and that all unit types “enjoyed good take-up rates”.

Jewel@Buangkok is a three-minute walk from Buangkok MRT Station, which also has a 24-hour supermarket and medical centre. Shopping and dining options are available at the nearby Compass Point, Rivervale Mall, Hougang Mall and Nex.

For leisure, Punggol Park, Coney Island, Punggol Waterway and Punggol Reservoir are also within reach. Education institutions nearby include Montfort Junior School, CHIJ Our Lady of the Nativity, Holy Innocents’ Primary School, Hougang Primary School and Nan Chiau Primary School.