Private homes still seeing high demand

Tue, Sep 22, 2009, The Straits Times By Jessica Cheam

DEMAND for private homes remained strong over the weekend despite measures announced by the Government last week to take the froth off the market.

Property developers CapitaLand and Hotel Properties said yesterday that 233 units - or 65 per cent - of 360 units launched at The Interlace project, at the former Gillman Heights site in Alexandra Road, were sold in the past week.

A wide range of units from two-roomers to penthouses were sold at a price range of $850 per sq ft (psf) to $1,150 psf...