So far, 16 units or over half of those units published have been marketed, based on CDL. Units sold were mostly three- and – four-bedroom flats.
About 90 percent of those buyers are thought to be foreigners.
The 156-unit, freehold Nouvel 18 is situated on Anderson Road, just off the prestigious neighborhood of Ardmore Park. Finished in 2014, the luxury residential twin-tower advancement was created by famous French architect, Jean Nouvel.
The job has a mixture of components, which range from two-bedroom-plus-study with dimensions from 1,335 to 1,530 sq feet (26 units); three-bedroom of 1,582 into 1,679 sq feet (23 units); three-bedroom-plus-study of 1,765 into 1,862 sq feet (33 units); four-bedroom-plus-study of 2,476 into 3,337 sq feet (69 units); into four-bedroom skies suites and penthouses of 4,301 into 6,318 sq feet (five units).
Selling costs start from $4.016 million to get a two-bedroom-plus-study; $ $ 4.88 million to get a unit that is ventilated; $ $ 5.28 million to get a three-bedroom-plus-study; and from $7.63 million to get a four-bedroom-plus-study.
Back in October 2016, CDL declared it had exited the whole bet in Summervale Properties, the thing that possessed Nouvel 18, via a gain involvement securitisation (PPS) for about $977.6 million.
The deal valued the land at $965.4 million, or $2,750 psf according to Nouvel 18’s saleable area of approximately 351,000 sq ft.
In accordance with CDL, the normal selling price of Nouvel 18 is 3,300 psf. This reflects a 20% premium to the evaluation cost of $2,750 psf from the PPS.
CDL, through its wholly-owned subsidiary, Ventagrand Holdings Ltd, has shrunk to $140 million in notes or 14.3percent of the stocks in the PPS.
Trentwell Management, another wholly-owned subsidiary of CDL, is your exclusive advantage manager and advertising representative of Nouvel 18 for five decades, with an choice to expand to seven decades. Since the asset manager, Trentwell oversees the property and manages the leasing, selling and marketing of components from Nouvel 18. In return, Trentwell will get a bonus commission when a performance grade is fulfilled.