50% of The Panorama's 120 units sold on first day

Sold units ranged from $650,000-$2.4m.

According to OSK, half of the 120 units released for sale at The Panorama condominium were booked yesterday, developer Wheelock Properties said.

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Located at Ang Mo Kio Avenue 2, The Panorama is Wheelock's first 99-year suburban condo project here in nearly two decades. Prices of the units sold ranged from $650,000 for the one bedroom units to nearly $2.4 million for the five bedroom units.

Majority of the units sold were two and three bedroom types, with sizes ranging from 678 square feet (sq ft) to 1,130 sq ft. Prices quoted by a Knight Frank agent ahead of the launch ranged from $1,265-$1,320 psf for the two bedroom units and $1,293-$1,307 for the three bedroom units.

Other 99-year projects comparable to The Panorama include Thomson Three on Bright Hill Drive, at an average price of about $1,350 psf, as well as Sky Vue at Bishan Central - both launched in September last year. Slated for completion in 2019, The Panorama is near the upcoming Mayflower station of the Thomson Line.