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1. Written by News on 17-03-2008 14:48
 
 
Private fund buys remaining 53
A PRIVATE fund managed by ARA Asset Management group is believed to have bought the remaining 53 units at Chip Eng Seng’s and Citadel’s Grange Infinite freehold condo project for almost $400 million. 
 
The 68-unit condo is now fully sold. 
 
The average price for typical three and four-bedroom units in the transaction is believed to be about $2,900 per square foot (psf). 
 
However, for all 53 units sold under the deal, the average price is said to be slightly lower, at $2,600-$2,700 psf, as the three penthouses and other larger units included in the transaction were priced lower. 
 
This marks a reversal of the previous trend, which set in around late-2006, of bigger units fetching higher psf prices than smaller ones. 
 
Another interesting feature of the bulk sale at Grange Infinite is that it is priced lower than individual units sold earlier in the project. 
 
The initial 15 units in the condo fetched a median price of $3,201 psf in September, according to Urban Redevelopment Authority data. 
 
The 15 apartments were sold at prices ranging from $3,025 to $3,299 psf. 
 
The 36-storey Grange Infinite condo will come up on the former Grange Tower site next to the Indian High Commission.
 
2. Written by News on 30-12-2007 16:40
 
 
$3500 psf for last few units sold
This is Chip Eng Seng's most top end development to date, and as of last month, 14 units have already been sold through private sales even before the showflat was ready. The asking price for the project now is $3500 psf, which the developer says was the transaction price for the last few units sold. Chip Eng Seng holds 25% interest in the project while Citadel holds 75% interest.
 
3. Written by joe on 25-08-2007 21:49
 
 
Sold out ?
Chip Eng Seng is targeting to 
launch 68 units of freehold Grange Infinite for sale in September this year. Grange Infinite is a luxurious high-end condominium located at Grange Road. 
 
Rumoured to be sold out already. True?
 

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