CDL to launch new Tampines condo
City Developments (CDL) is releasing units at The Tapestry condominium in Tampines next week.
It announced yesterday that the 99-year leasehold project, which has 861 units, will be the "first premium suburban condominium launch" this year.
The Tapestry comprises seven 15-storey blocks with units from 441 square feet for a one-bedder to 1,765 sq ft for the largest five-bedroom dual-key with study apartments.
One-bedders go from $596,000; the two-bedroom units start at $796,00; while $1.15 million gets a three-bedder. Prices for the four-bedroom units are $1.65 million, with the five-bedder dual-key with study apartments going from $2.1 million.
The Tapestry in Tampines Street 86 is being developed by Bellevue Properties, a wholly owned subsidiary of CDL.
CDL Group general manager Chia Ngiang Hong said: "Given The Tapestry's location in the much sought-after mature Tampines estate, we have received very strong inquiries for this launch.
"Close proximity to major transportation nodes, popular schools, amenities, offices and business parks has fuelled demand for residences in this area." Mr Chia added that CDL expects a "good take-up" from new-home buyers, upgraders and investors.
The Tapestry has over 50 facilities, including a 100m infinity pool, 24-hour gymnasium and a childcare centre.
CDL said home owners will have the option to adopt a smart voice assistant, which enables them to control most smart-home devices by voice.
Other smart technologies available for selection include a smart home gateway with a pan and tilt camera to enhance security with remote surveillance, two-way audio function, speaker siren for unauthorised door opening and video recording.
The Tapestry will be launched on March 24.
Earlier this week, CDL said it was pricing its two penthouses at New Futura in Leonie Hill Road from $39.8 million each, which works out to $5,079 per square foot based on the strata area of 7,836 sq ft.
The penthouses, on the top two levels of the completed project's two 36-storey towers, have five bedrooms each. Each penthouse offers 360-degree views of the city and comes with a 13m private pool, sauna and shower by the pool deck.