Urban Suites selling well despite price hike

PHASE 2 of CapitaLand's Urban Suites' launch has attracted keen interest from buyers who have snapped up units despite a hike in prices.

The 50 units released in Jakarta, Indonesia, last week were all sold out, while at home an additional 16 sales have been clinched since Phase 1 of the project's launch closed in early January.

The popularity of the development was undiminished by an increase in prices - from between $2,400 and $2,700 psf in Phase 1, to $2,500 and $2,800 psf in Phase 2 - for the units located in District 9 between Cairnhill, Hullet and Saunders roads.

Wed, Jan 20, 2010
By Harsha Jethnani, The Straits Times

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