BT reports, in tandem with the continued strong demand for small strata retail units, all 93 units at Pavilion Square in Geylang Road were snapped up on Saturday.
The top price, for a 118sq ft street-fronting food-and-beverage unit on the ground floor, is a record price for a retail unit outside the city and the Orchard Road shopping belt, analysts say. The retail units in Pavilion Square, a mixed development by Pollux Properties, garnered strong interest. Cheques were collected on Friday and the units sold through balloting the next day; some ground floor units are touted to have drawn more than 100 cheques each.
Residential units at Pavilion Square are selling fast as well. To download the full Business Times report, Click here.