More than half of 583 units at Bedok Residences were sold within seven hours of its launch.
Long queues started forming onsite three days ago.
Agents resorted to hiring teens to stand in proxy for genuine buyers as the developers decided to operate on a “first-come, first-served” basis.
CapitaLand said most buyers rushed in to make their selection without even viewing the showrooms.
A unit costs between S$1,100 to S$1,500 per square foot.
The development is an integrated residential property, with homes located on top of a shopping centre.
While the price of a unit is higher than most properties in the eastern region, buyers said location played a large role in generating their interest.
“It’s in Bedok, I grew up here. It’s also located at Bedok Central, so it’s pretty convenient,” said a potential buyer.
“It’s the location. We have an MRT nearby, a bus terminal, and it’s relatively near to town and the airport,” said another.
Source : Channel NewsAsia – 23 Nov 2011
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