A new residence in Bugis is the DUO Residences. It has sold for over 468 units out of 540 units that were released last 15th of November 3pm in the year 2013 according to its developer M+S Pte Ltd.
They were sold up for about 87 per cent of the units released in three consecutive days. Most of the units are more likely to sell by the end of Friday, as the lineups of the show flat were still long when The Strait Times visited at 3pm.
Most of the buyers were Singaporeans which are 78 per cent; most of them were investors that were already staying in private homes, while the other 16 per cent are the Malaysians and 6 per cent of Americans, Chinese, and Indonesians according to Ms Tan.
According to M+S Pte Ltd, The average price of the units is about 2,000 dollars per square foot (psf) and the highest per square foot that were achieved for the studio apartment was 2,600 dollars psf.
The chief operating officer of the M+S Pte Ltd, Kemmy Tan, said that the demand was strong enough to achieve a good pricing from the developer’s point of view for a 49-storey residence.