Wing Tai sells 70% The M in the first weekend of launch
Wing Tai Asia has sold 70% or more than 360 units of The M, its latest condominium development, during the weekend despite the Covid-19 outbreak.
The average unit sold for $2,450 sq ft. The M is Singapore’s first major residential development to be opened to the public since the outbreak of the virus.
Stacey Ow Yeong is the head of marketing at Wing Tai Property Management. She said that most of the buyers are Singaporeans between 30 and 40 years old, both as owners and investors.
The M’s unique design concept, its affordable pricing, and its prime location along the Ophir-Rochor corridor, which is quickly transforming into an exciting, mixed-use district that will eventually be car-lite, attracted many of them.
On Feb 15-16, more than 2,000 people visited The M’s Sales Gallery at the intersection of Middle Road and Selegie Road. Wing Tai Asia said that various health and safety measures were taken to ensure clients’ well-being, including the cleaning of the gallery hourly, temperature screening, collecting contact information, and limiting how many people are inside at one time.
The balloting took place between 8:30 am and 3 pm on February 22 due to the high level of interest expressed in the first weekend. The M condo consists of studios, one- and three-bedroom apartments ranging from 409 square feet to 904 square feet spread over three 20-storey and one 6-storey building.
Studio and one-bedroom apartments feature a home/work design concept, which allows living spaces to be transformed into workspaces. A multi-functional kitchen table that can also be used for entertainment and dining, but which can be transformed into a desk is one of the design elements. Another is a sliding wardrobe with storage space that doubles as a workspace.
The M is located near offices, shopping centers and medical facilities within the central business district. Bugis, City Hall, and Esplanade MRT Stations are also nearby.
The condo is expected to be finished by the first quarter 2024.