Arina East Residences sells 10 out of 107 units as booking opened

businesstimes

06-08

[SINGAPORE] Freehold development Arina East Residences sold about 9 per cent of its 107 units on Saturday (Jun 7), at an average price of about S$3,000 per square foot.According to PropNex, seven ...

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CEO of ERA Singapore, Marcus Chu, pointed out that it was the first project launched in the area in a decade, and buyers recognised the project’s strong potential for capital appreciation. “The future BTO (Build-to-order) supply in the vicinity is projected to support investor exit strategies, providing a ready pool of upgraders in the long term.”SEE ALSOWhile some agencies called the average price “competitive”, Nicholas Mak, chief research officer at property search portal Mogul.sg, said that it is higher than its competitors, and that most homebuyers appear to be more price sensitive, especially in the current uncertain economic climate.“Real estate developers have held back their project launches since April 2025 as the uncertain economic outlook hammers sentiments in the property market. Arina East Residences is the first major residential project to test the water since April. It appears that the market sentiment is still not favourable for project launches,” he said.Arina East Residences is built on the site of the former “La Ville”, a 40-unit property that was acquired by ZACD Group in December 2021 for S$152 million.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}