WING Tai Asia sold 70 per cent or over 360 units of its latest condominium project The M over the weekend, even amid the continued Covid-19 outbreak.
Units were sold at a mean price of S$2,450 per sq ft . The M is that the first major private residential development opened for public preview since the virus outbreak started in earnest in Singapore.
Stacey Ow Yeong, head of selling , Wing Tai Property Management, said the bulk of buyers are Singaporeans in their 30s and 40s, comprising both owner-occupiers and investors.
“Many of them were drawn to The M’s prime location within the Ophir-Rochor Corridor, which is rapidly transforming into a vibrant, mixed-use and eventually car-lite district, our unique work-life design concept and our reasonable pricing,” she said.
More than 2,000 people visited The M’s sales gallery at the junction of Middle Road and Selegie Road when it opened its doors to the general public on Feb 15-16. Various health and safety precautions were taken to make sure the well-being of clients, including professional cleaning of the sales gallery on an hourly basis, temperature screening, collection of contact details, and limiting the amount of individuals inside at anybody point in time, consistent with a press release by Wing Tai Asia.
As the expressions of interest within the first weekend were strong, balloting was administered between 8.30am and 3pm on Feb 22. The M comprises studio and one- to three-bedroom units from 409 square feet to 904 square feet spread across three 20-storey towers and one six-storey tower.
The studio and one-bedroom units feature a design concept called Home/Work, which allows for living areas to be converted into workspaces. Design elements include a multi-function table for dining and entertainment which will be converted into a piece desk, and a sliding wardrobe that doubles up as workspace storage solution.
The M is situated almost offices, shopping malls and medical facilities within the central downtown while the Bugis, hall and Esplanade MRT stations are a brief walk off .
The condominium is predicted to be completed by the primary quarter of 2024.