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Mi Casa Print E-mail



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1. Written by News on 31-03-2009 13:57
 
 
Far East sells 97 units
Property tycoon Ng Teng Fong’s Far East Organization has sold 97 units at its Mi Casa condo near Choa Chu Kang MRT Station since it began sales last week. 
 
The 99-year leasehold condo has an average price of $625 per square foot. Buyers who wish to opt for an interest absorption scheme will have to pay 3 per cent more. 
 
The 457-unit condo is being developed on a plot along Choa Chu Kang Drive which is diagonally opposite Lot One mall. 
 
In a news release last night, Far East said Mi Casa is the first new private condo project in the Choa Chu Kang town centre in eight years and offers an ‘attractive value proposition’ to HDB upgraders and private home owners in the area. 
 
Upgraders accounted for 80 per cent of Mi Casa’s buyers. A number of buyers also own landed homes in the area and bought units at Mi Casa for investment and for their children, according to Far East. Mi Casa also drew some foreign buyers (such as China nationals and Malaysians). 
 
Far East Organization unit Tian Hock Properties bought the Mi Casa site at a state tender in May last year for $116.01 million or $203 per square foot per plot ratio.
 
2. Written by News on 27-03-2009 18:00
 
 
Launching soon
Far East Organization is set to launch its mass market project Mi Casa . The 457-unit development near Choa Chu Kang MRT is expected to be popular with HDB upgraders in neighbouring estates.
 

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