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Newton Edge Print E-mail



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1. Written by News on 16-01-2009 12:24
 
 
Top seller last month
104-unit Newton Edge in Makeway Avenue was top seller for last month. 43 units were sold at a median price of $1,200 per square foot. 
 
The favourable interest is due to the affordable range of $500,000 to $900,000 for a majority of the units, which are 440 sq ft to 915 sq ft in size. 
 
‘The units are a bit squeezy but you are paying less than a million for a property in Newton,’ said an industry player. 
 
Pricing is likely to have been a factor also. An earlier report by UBS noted that Newton Edge was priced lower than VIVA at Suffolk Walk nearby, where 15 units were sold in Q3 2008 for around $1,550 psf.
 

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