By Joyce Teo

THE first major condominium launch this year attracted very strong interest at its preview, with crowds packing its Jurong West showflat three days beginning last Friday.

Property developer Frasers Centrepoint said it had sold 300 units at the 712-unit Caspian by 9pm yesterday. It sold out the first batch of 250 units at the condo, which was priced at $580 per square foot (psf), by the afternoon. It subsequently released another 100 units with better facing, and priced them at $20 psf more.

The 300 units were sold at between $340,000 and $990,000. Most of the buyers were Singaporean HDB upgraders. Foreigners and permanent residents accounted for just 6 per cent of the sales. About 31 per cent of the buyers opted for the interest absorption scheme. They paid 3 per cent more on the purchase price.

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