ByJonathan Burgos,
Forbes Staff.
UOL Group—controlled by the family of late banking tycoon Wee Cho Yaw—and partner CapitaLand Development have sold nearly all the units at their residential project during the weekend launch, adding to signs of resilient demand in Singapore even after the government’s property curbs.
About 658 of the 666-unit Skye ay Holland—an upscale condominium across two 40-story towers being developed at the expatriate enclave of Holland Village, near the Orchard Road shopping belt—were sold by the partners at an average price of S$2,953 ($2,278) per square foot.
“The robust take-up was underpinned by healthy buying sentiment and continued confidence in Singapore’s long-term fundamentals.” the partners said in an emailed statement. “This was further amplified by the rarity of a prime site in the heart of Holland Village, which attracted a broad spectrum of buyers.”
