Tuan Sing

Property / Tuan Sing: At least two major condos projects will be released for sale this week - IOI Group's The Trilinq in Clementi and Tuan Sing's Sennett Residence next to Potong Pasir MRT. Both projects, are on a 99-year leasehold, and are seen fetching ASP of around $1,400 psf. Tuan Sing is expected to begin sales at the Sennett Residence on Saturday, and entry into the showflat will be through balloting. Absolute prices start from the low $700,000 region for a one-bedroom unit of 485 sf on the second floor. Sennett Residence will have 332 apts and three shop units housed in four blocks linked by a sky terrace. A 50-m infinity pool and a sky-gym will be built on top of the sky terrace. Unit sizes will range from 485 to 4,252 sf – from one to four-bedroom apts and duplex penthouses. The priciest penthouse could be around $5-6m. Market watchers note, the quiet Feb, partly due to Chinese New Year festivities, has given time to both developers and potential buyers to reflect on the Jan cooling measures and provided buyers with an opportunity to select from a wide range of upcoming launches, rather than rushing to make their purchase. Believe developers will be more sensible on pricing, along with some pent-up demand to manifest in Mar. Tuan Sing trades at 0.6x P/B.