Wheelock Sold Half of Scotts Square

Source : Today, Friday, August 3, 2007

Developer Wheelock Properties has sold half of the 338 luxury apartments in Scotts Square (picture) in a private placement this week.

The 60:40 ratio of local and foreign buyers remains in place as Singaporeans or permanent residents bought 63 per cent of the units.

Indonesians made up the majority of the foreign buyers.

The company said the highest price paid was $4,430 psf for a one-bedroom apartment
on the 41st floor, way above the average price of $4,008 psf listed for the private placement.

The remaining apartments at Scotts Square will be launched towards the end of September.