Developers Allgreen Properties and Kerry Properties sold a whopping 415 units, or 85 per cent of the 487 units at the 99-year leasehold integrated development at an average price of nearly S$1,600 per square foot (as at Sunday).

BT further understands that there were six rounds of price increases for the units on Saturday itself.

DEMAND for luxury and prime-area private housing picked up in the first half of this year, reflecting the gains from the nouveau riche in the finance, technology and pharmaceutical sectors, analysts said.

Overall Condo rents and HDB rents increase by 8.0% and 9.2% respectively Year-on-Year from June 2020

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