60 apartment units of Nine Residences sold at $1,070 per sq ft

124 strata retail units were also sold out.

According to OSK, CHIP Eng Seng yesterday sold about 60 out of 186 apartments in Nine Residences, the residential component of its 99-year leasehold Yishun mixed-development project at SGD1,070 per square foot on average.

It has also sold some 124 of the total 146 strata retail units in Junction Nine, which will occupy the first two levels of the 14-storey project about 750 metres from Yishun MRT Station.

Here's more from OSK:

The sales included more than 10 units that had been sold before yesterday's launch - inclusive of the 10,527 sq ft supermarket unit and a 4,209 sq ft unit approved for foodcourt use, both acquired by the same party.

The highest level of interest was a 118-sq ft shop unit on the second level priced at SGD551,000 or about SGD4,670 psf.

Fifty-two cheques were understood to have been submitted for its ballot.Prices of the retail units range from SGDS4,500 psf to SGD5,500 psf on the first level and SGD3,000-4,500 psf on the second level.

Chip Eng Seng's breakeven cost could be around SGD850 psf for the residential component and in the region of SGD2,500 psf for the retail.