While spreading its stakes in China, Vietnam and several core markets amid a challenging property marketplace, CapitaLand has stepped up its game in Singapore. The property group has pulled off a number of advanced and value-add initiatives on home ground and in international marketplaces.
In June, a remain was rolled out by CapitaLand -then-pay programme at The Interlace, d’Leedon as well as its two mega projects. The scheme enabled them to borrow up to 80%, subject to other stipulations and gave buyers with an outstanding loan additional time to dispose of their present properties. A buyer with an existent loan, other shrewd would qualify for loan that is 50%. Based on caveats lodged, buyers have since snapped up 85 units at another 76 and d’ Leedon at The Interlace.
The projects’ bespoke architecture and prime places further underscore their value propositions. The Interlace clinched the prestigious World Building of the Year title in 2015 — of architecture accolades. World, designed the project, famous for its interlocking blocks -acclaimed architect Ole Scheeren, who was behind other buildings that were iconic, including the China Central Television Headquarters in Beijing as well as the floating auditorium on Nai Pi Lae Lagoon in Thailand. On the other hand, reputable developer, Frasers Centrepoint is also aiming to launch Seaside Residences in 2017, that will be the highlights of year 2017!
CapitaLand also found three high-end residences this year — Cairnhill Nine, Victoria Park Villas and The Nassim. Since its start in March, buyers have snapped up 220 of the 268 units at Cairnhill Nine to date. Affordable cost quantum and the project’s location have been credited for its fender sales. Cairnhill Nine will be linked to Paragon Shopping Centre via an overhead bridge when finished. The project will comprise serviced home Ascott Orchard Singapore.
In September, a Singaporean buyer shelled out $14 million,, for psf or $3,204 4,370 sq ft unit in the project.