Yesterday, September 7, the first day of the launch, Frasers Property sold 118 units, marking a take-up rate of 74.68%. (Photo: Frasers Property)

Singapore-listed On the first day of sales, 118 of the 158 residential units at Sky Eden@Bedok were sold, according to a statement made by Frasers Property Singapore on Wednesday, September 7. The units that were released had an average selling price of $2,100 per square foot.

A mixed-use building, Sky Eden@Bedok has 12 stores on the ground floor. It is located in Bedok Central, three minutes’ walk from services and the Bedok integrated transport hub.

All of the two-bedroom apartments, which ranged in size from 657 to 743 square feet and cost $1.31 million ($1,994 psf), were purchased. They represented about 40% of the project’s units. The remaining residences are either four-bedroom homes with 1,302 square feet starting at more than $2.6 million or luxurious three-bedroom homes with 1,087 square feet.

The diagram shows every unit sold, with the exception of the larger 1,087 sq ft premium three-bedroom flats and 1,302 sq ft four-bedroom residences.

Shiow claims that Sky Eden@Bedok’s prime position within an established estate has proven to be a significant draw for homeowners. She continues, listing the amenities of the property as including wellness-themed co-working spaces, gorgeous landscaping, and sky gardens next to every house.

According to Shiow, the property is close to employment hubs like Changi and Paya Lebar, which are expected to undergo revitalization and provide further impetus to Singapore’s East.

Two-bedroom unit at the Sky Eden@Bedok showflat; all two-bedroom units were sold on the first day of introduction.

Frasers Property made the decision to postpone the opening of Sky Eden@Bedok until the next day, September 7, on September 6. This was three days before to the debut on September 10 as planned. According to PropNex CEO Ismail Gafoor, “Whether the project was offered on a workday or a weekend made no difference to its sales.”

Eden Sky When At Bedok made its debut on August 27, the company had gathered 561 checks from prospective buyers as expressions of interest by September 4. With only 158 units, Sky Eden@Bedok was 3.55 times subscribed before to opening.

Gafoor had projected that Sky Eden@Bedok would have a 75% sales rate. He explains, “It’s because of the quantum pricing. “Anything between $1.5 and $1.75 million is the sweet spot for Singaporean buyers.” The maximum you could spend, if you had to be a little flexible, is $2 million. Beyond that, the buyer pool is significantly smaller, especially for upgraders.

Eden Sky On August 27, At Bedok made its debut, and by September 4, the company had accumulated 561 checks from interested purchasers.

Sky Eden@Bedok is intended for HDB upgraders due to its location in the Outside Central Region (OCR), according to Gafoor.

The buyers were mostly investors who saw Sky Eden@Bedok’s potential due to its proximity to the MRT station, amenities, and important employment hubs, the developer continues.

Head of research and executive director at Savills Singapore, Alan Cheong, credits “rapidly increasing HDB resale prices, and narrowing price gap for the move from public to private property” for the strong sales at recent OCR project launches like AMO Residence, which sold 98% of its 372 units on the first day of launch in July, and now at Sky Eden@Bedok.

The Bedok Central integrated transportation hub is next to Sky Eden@Bedok.

PropNex’s Gafoor claims that the “new norm” for upcoming OCR project launches will be an average selling price of about $2,100 psf for OCR developments, as seen at both AMO Residence and Sky Eden@Bedok.

The majority of customers are still Singaporeans in general.

Don’t get Sky Eden? Stress not. The Lentor Hills Residences is a new construction in Lentor Road. Guocoland and TID Residential collaborated to Build Lentor Hills Residences.

There are 700 residential units, 150 service apartments, 20,000 square meters of retail space, and a plaza that is roughly 1,800 square meters in size at the Lentor Hills Residences location. The nearby Lentor MRT station is a short stroll from the property. Additionally, it is accessible by MRT and close to a number of important commercial and retail establishments. As a result, you would be receiving a great deal if you were to consider buying a property at the Lentor Hills Residences.