UE's Park Central @ AMK More Than 70% Sold

Source : The Business Times, December 12, 2008

United Engineers'(UE) Park Central @ AMK, which was launched in July, is now more than 70 per cent sold at an average price of $500 psf.

Mostly sold: All the four-bedroom and penthouse units in the 578-unit development have been sold with only five-room units left

UE managing director of integrated facility management and property development business David Liew said that all the four-bedroom and penthouse units in the 578-unit development have been sold with only five-room units left.

Mr Liew added: 'Now that the bulk of the units has been sold, our next goal is to make sure we deliver a quality home, and on time, to our customers.'

Park Central @ AMK is expected to get TOP (temporary occupation permit) in mid-2011.

The development is the third Design, Build and Sell Scheme (DBSS) development in Singapore.

The Housing and Development Board (HDB) scheme, which allows private developers to sell homes under HDB terms, was first announced in 2005.

UE says that since the launch in July, Park Central @ AMK received more than 2,300 applications. Its showflats also saw more than 23,000 visitors in the first two weeks.

A spokesman for UE added that most of the buyers have opted for HDB loans.

Last month, Chinese firm QingJian Realty launched the fourth DBSS development, Natura Loft at Bishan, with units going for around $450-$570 psf.

On Nov 14, it was reported that Natura Loft received about 600 applications for 480 flats a day before the close of applications.