Date: 03 September 2010

Dorsett Residences sold out in 1 day

Singapore – Knight Frank has been appointed as the marketing agent for the sale of Dorsett Residences. The preview was conducted on 1 September 2010 and the whole development was sold out within a day at an average price of $1,800 psf. Mr Peter Ow, Managing Director of Residential Services, commented, “The tremendous response only shows that the demand for luxurious properties remains strong despite new measures introduced by the government on 30 August 2010 to cool the property market."

Dorsett Residences is a 99 years leasehold prime development that is located in the Chinatown area above the Outram MRT station. It comprises a 10-storey hotel and 6-storey residences with 68 strata units for sale. The floor areas range from 484 – 495 sq ft for 1 bedroom units and 689 – 1,615 sq ft for 2 bedroom units. Every unit has a telephone point link to 24-hour concierge services; direct access to MRT station, branded fitting and fixtures and designer residence lobby. With easy access to Central Expressway (CTE), Ayer Rajah Expressway (AYE) and a link to all major highways, it is situated in between the 2 Integrated Resorts in Singapore.

The developer is a part of Tang Group of Companies. They are the owners of the award-winning boutique hotel Lan Kwai Fong Hotel in Hong Kong, Dorsett Seaview Hotel, Hong Kong, and Dorsett Regency in Kuala Lumpur.

Upcoming launches in the locality to be marketed by Knight Frank include SkySuites by Allgreen and Spottiswoode Park.