BT: Soleil @ Sinaran condo 80% sold - 17 Aug 07

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August 17, 2007
Soleil @ Sinaran condo 80% sold
By KALPANA RASHIWALA

FRASERS Centrepoint has sold 80 per cent of its Soleil @ Sinaran
condo near Novena MRT Station at an average price of nearly $1,500
psf, with 173 units sold at yesterday's soft launch, following last
week's staff and VIP preview when 156 units were sold.

The 99-year leasehold condo seems to have attracted predominantly
Singaporeans and permanent residents, according to Frasers
Centrepoint Homes chief operating officer Cheang Kok Kheong.

Buyers included a mix of investors as well as likely owner occupiers,
drawn by the project's location and its proximity to the Orchard Road
belt, he added. There was a buyer who purchased an entire floor of
seven apartments, Mr Cheang revealed.

'Those who're buying properties are basically looking at a long-term
investment and the real economy here is still doing well,' Mr Cheang
said in explaining why the US sub-prime woes and global stock market
rout seem to have had little impact on Soleil buyers.

Soleil @ Sinaran comprises two 36-storey blocks. Apartments come with
one, two, three and four bedrooms. Frasers Centrepoint will release
the project's four penthouses - each with five bedrooms - at today's
official launch. Their prices start from $8.5 million.