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The upcoming launch of Florence Residences - a mega project with more than 1,000 units - will likely set the tone for other developments heading to the market this year, some analysts have said.
Between 400 and 500 units are expected to be released on March 2, depending on interest at the preview this weekend, said Mr Chng Chee Beow, executive director of Logan Property (Singapore).
"We are targeting an average selling price of $1,450 per square foot."
The Cross Island Line (CRL) is a future high-capacity underground MRT line currently under planning. With the first phase of the line scheduled to open by 2029, it will be the eighth MRT line in Singapore, employing a fully automated and driverless mode of operation.
The line will run from Aviation Park in Changi to Jurong, passing through residential estates such as Loyang, Pasir Ris, Tampines North, Hougang, Serangoon North, Ang Mo Kio, Sin Ming, Bukit Timah, Clementi and West Coast and terminating in the Tuas Industrial Estate. A branch line will connect Pasir Ris and Punggol.
