Source : Channel NewsAsia – 25 Sep 2009
City Developments Limited (CDL) has released a few units from its latest project, Hundred Trees, for a soft launch.
The Hundred Trees development sits on the site of the former Hong Leong condominium in the West Coast area.
The units that have been released for soft launch are priced at S$895 per square foot.
CDL did not say how many units have been released.
The whole project consists of 396 units, which include penthouses and apartments with one to four bedrooms.
CDL said this development is among the last few for which buyers can opt to pay through the Interest Absorption Scheme.
The government has disallowed the scheme for upcoming developments.
CDL said the scheme will be available for purchase of units at Hundred Trees, at a premium of about 2.5 per cent of the sale price.
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