Far East Organization yesterday said that it has sold 34 units of its 231-unit The Scotts Tower at an average price of around $3,100 per square foot (psf).
Prices for the District 9 property nestled at the intersection of Scotts Road and Cairnhill Road start from $1.94 million for a 624 sq ft one-bedroom small office, home office (SoHo) apartment.
The 103-year leasehold The Scotts Tower is the first project to be rolled out under the Far East SOHO brand, which aims to provide a distinctive collection of modern, new-generation SoHo apartments in Singapore.
Conceptualised by the Red Dot award-winning co-founder and principal architect of UNStudio in Amsterdam, Ben van Berkel, the 31-storey The Scotts Tower consists of one to three-bedroom apartments and four-bedroom penthouses, expansive landscaped gardens, sky terraces, penthouse roof gardens and other recreational facilities.
Far East said that it will bring forward the official launch of The Scotts Tower to tomorrow
(Dec 7) following the positive response to preview sales which started on Nov 25. A total of 34 units out of the initial 56 one and two-bedroom apartments released for the preview were snapped up.
The developer has sold more than 1,000 SoHo apartments since 2004, when it launched Singapore's first SoHo development at Central, above Clarke Quay MRT station.
Since then, it has also launched two other SoHo-style projects - The Tennery at Upper Bukit Timah and The Cape at Amber Road.
Source: Business Times – 6 December 2011
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