Upcoming projects in OCR to receive high demand: PropNex CEO

This after the healthy response for AMO Residence and Sky Eden.

Future projects in the Outside Central Region (OCR) such as Lentor Modern, The Arden, and Sceneca Residences, will get high demand after the successful launch of AMO Residence and Sky Eden @ Bedok, PropNex Realty, said.

PropNex Realty CEO Ismail Gafoor noted that the launch of AMO Residence in July and Sky Eden @ Bedok led to the sale of about 75% or 118 units of the 158 residential units available at the development on 7 September.

“Pent-up demand drove sales at the project, given that this is only the second major new launch in the OCR this year and the first non-landed new private residential project in 10 years in Bedok Central,” said Gafoor.

Sky Eden @ Bedok also unveiled more options to buyers, specifically the two-bedroom unit types, which tend to sell-out sooner at new launches. 

Many buyers said the project offers a comfortable price at $2,100 per square foot for a new mixed-use development in such a convenient location.

WIth this, Gafoor said the “limited unsold stock in the mass market should continue to support demand for new OCR homes."