Arina East Residences, a new development in Tanjong Rhu, sold 10 units during its launch weekend, according to Huttons Asia CEO Mark Yip. The launch coincided with a challenging market period due to tariff-related uncertainties and occurred during the June school holidays, which may have impacted sales figures.
The project marks the first residential development in Tanjong Rhu in 12 years. This limited supply has historically driven price appreciation in the area over the past 15 years. The development is conveniently located just a three-minute walk from Katong Park MRT station and offers a rare freehold tenure, adding to its appeal.
The Tanjong Rhu area is currently undergoing significant transformation and is set to become part of the 120km Southern Coastline, as announced during the August 2024 National Day Rally. Additionally, the Singapore Sports School will relocate to the Singapore Sports Hub, further enhancing the area’s attractiveness.
Yip expressed optimism about future sales, suggesting that the initial figures are likely to improve as the market stabilises and the area’s redevelopment progresses.
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