In addition to its almost sold-out penthouses, over 80% of the four- and five-bedroom units have been taken up. In contrast, all the three-bedroom units (without private lifts) have been sold, says Anson Lim, UOL general manager for residential marketing.
Available units are three-bedroom-plus-study of 1,539 sq ft to 2,368 sq ft, five-bedroom units with private lift.
According to Lim, 95% of the buyers are Singaporean and Singapore permanent residents (PRs). The remaining 5% are foreign buyers from the US and Switzerland, countries with free trade agreements with Singapore and whose citizens enjoy the same tax treatment as Singaporeans. Therefore, most foreigners are not subjected to a 60% additional buyer's stamp duty.
