MCL Land has sold 100 units at its freehold Waterfall Gardens condo at an average price of about $1,450 per square foot. Prices achieved for the 12-storey condo range from about $1,300-plus psf to $1,650 psf, Mr Koh said.
This project has 12 penthouses, of which eight have been sold. The most expensive unit, measuring 4,844 sq ft, was sold for $7.9 million. It will have a rooftop pool and entertainment area. The remaining units in the development are three- and four-bedroom apartments.
The developer bought the nearly 161,000 sq ft site in February last year for about $550 psf of potential gross floor area.
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