The Ritz-Carlton Residences had it's 'topping out' ceremony yesterday where guests and staff of the developer, KOP Properties, gathered on the roof of the 36-storey development's penthouse to witness the pouring of the final bit of cement.
Leny Suparman, its chief executive, is upbeat about the prospects of Singapore's luxury residential market.
The 58-unit Ritz-Carlton Residences, located at Cairnhill Road, is about 40 per cent sold and units are now selling for about $3,300 per square foot (psf) each, Ms Suparman said.
Ms Suparman said that sales will pick up as the project nears completion, which is targeted for June next year: 'We are quite confident that sales will be brisk from now on and that the project will achieve the price that it deserves.'
The developer's other project, the 56-unit The Hamilton Scotts, is also about 40 per cent sold, Ms Suparman said.
KOP Properties is part of KOP Group, an integrated real asset investment company. KOP Group is 51 per cent owned by Dubai Group, a unit of Dubai Holdings.
Adapted from the Business Times, Tuesday, December 21, 2010.
Leny Suparman, its chief executive, is upbeat about the prospects of Singapore's luxury residential market.
The 58-unit Ritz-Carlton Residences, located at Cairnhill Road, is about 40 per cent sold and units are now selling for about $3,300 per square foot (psf) each, Ms Suparman said.
Ms Suparman said that sales will pick up as the project nears completion, which is targeted for June next year: 'We are quite confident that sales will be brisk from now on and that the project will achieve the price that it deserves.'
The developer's other project, the 56-unit The Hamilton Scotts, is also about 40 per cent sold, Ms Suparman said.
KOP Properties is part of KOP Group, an integrated real asset investment company. KOP Group is 51 per cent owned by Dubai Group, a unit of Dubai Holdings.
Adapted from the Business Times, Tuesday, December 21, 2010.
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