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Property: The Nautical Registers Healthy Interest from Buyers


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by Ernie B. Calucag

The preview and public launch of The Nautical condominium project last weekend has been well received. About 136 out of 200 or 68 per cent of the units released were sold during the previews, CBRE said.

The Nautical, a luxurious cruise-liner inspired private residential project, is located along Sembawang Road, right next door to Sembawang Shopping Centre.

The 99-year leasehold project comprises 435 units distributed amongst four blocks of five-storey apartments that cater to a whole spectrum of buyers. Units are priced at an average of S$850 per square foot.

Each of the one, two, three, four-bedded apartments and penthouses including dual-key units is luxuriously equipped with quality finishes and appliances. Among its many features are two 50-metre lap pools, a basement car park, sky gymnasium, sky dining, sky lounge and rooftop tennis court.

The development is well connected to every part of Singapore. The Sembawang MRT station is a short stroll away. With the completion of the future North-South Expressway, travelling time to the city is expected to be reduced by at least 30 per cent.

Developer Hao Yuan Investment Pte Ltd’s Director Christopher Tan said “The developer is

buyer-centric from concept planning, space utilisation, paying attention to the finer details of architectural finishes. Affordability for HDB upgraders is a top priority”.

”The buyers are spoilt for choices of selection as there are variety of designs for different family needs and aspiration. The good reception of units taken up before the official launch shows that the developer caters to the needs and wants for the new generation of buyers,” he added.

“The development is centrally located around the Sembawang/Canberra area and with the close proximity of the Sembawang Shopping Centre and Sembawang MRT station. Buyers will find good value not just for its location but also the unique architecture design and quality finishing that comes with it,” said PY Wong, Executive Director of MCC Land Pte Ltd, the development’s appointed manager.

The developer said the five per cent early discount that buyers enjoyed during the preview and public launch will be extended to buyers this weekend.