FEO condos

I think Far East Organization went crazy for its condo sales.

Gardenvista (99-yr LH) at the NW end of Bukit Timah Rd is selling at $1300+ psf, up from $680 about half a year ago. It has gotten TOP at the end 2006 but there are still unsold units. The showflat at #07-24 costs some $1.5m for the 1173 s.f. 3+S unit. The front area (within dotted line) by Dunearn Rd is the site of their another FH project, Jardin.

I heard that FEO is selling The Lakeshore near lakeside at $750-900psf, or some $100psf higher than the speculative units in the market. It consists of 848 units on 99-yr leased land, and was launched in 2003 at average $488psf. Some like its plenty of water/pool features & interior design, but some dislike its high density & multi-storey carpark.

Indeed, you will most likely find the first 3 large (half-page) property advertisements from FEO on every recent SundayTimes: the La Casa EC at Woodlands Ave.5, Hillview Regency at Bt. Batok East Ave.5 and The LakeShore. All have either completed (Hillview Regency completed in 2005) or been almost ready for TOP. Yet FEO still has significant amount of units on sale, with the ridiculously high price-tag.

I tend to think that one needs not waste time to view any FEO projects if he is sensitive to price. But I've to admit that they have sold several their overpriced units recently...