Lippo has priced its Trillium freehold condo opposite Great World City at an average of about $1,700-plus per sq ft, with the range of prices for the 29-storey development from about $1,600 psf to just under $2,100 psf.
The group has secured enough interest in the 231-unit condo to sell off everything, with many buyers indicating interest in multiple units. ‘There are a few families from overseas wanting to buy three, four, five or even six apartments - one for each child,’ Lippo Group deputy chairman Stephen Riady told BT yesterday.
‘These are high net-worth buyers that we know from the region - Indonesia, Malaysia, Hong Kong, mainland China, Taiwan. But we may have to ask them to buy fewer units, as we’d like to have a wider spread of buyers so more people can come into the showflat and see the quality of our product.’
On the Kim Seng Plaza site next door, which the group bought late last year, Lippo plans another luxury condo, perhaps with 100-110 units, which it hopes to launch towards the year’s end.
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