Arina East Residences, a freehold development, successfully sold 10 out of its 107 units through a private placement on 7 June. The sales, which accounted for approximately 9% of the total units, achieved an average price of $3,008 per square foot (psf). The transactions included seven two-bedroom units, one three-bedroom unit, and two four-bedroom units, with prices ranging from $2,880 psf to $3,250 psf. Most buyers were Singaporeans, according to PropNex CEO Ismail Gafoor.
The development’s initial sales reflect a trend observed in smaller projects, which typically experience a more measured take-up rate compared to larger developments. As the private placement was not a full project launch and the preview occurred only a week prior, further sales are anticipated to progress gradually over the coming months.
Arina East Residences boasts a prime location within walking distance of Katong Park MRT station and is situated in the sought-after Tanjong Rhu area, known for its waterfront homes and proximity to the Kallang recreation hub. The development’s location near several schools, including Dunman High School and Chung Cheng High School, enhances its appeal to families. Additionally, its freehold status may attract buyers interested in legacy planning or hedging against inflation.
The average launch price of $3,008 psf is considered competitive when compared to nearby freehold projects in District 15. For instance, Meyer Blue sold units at an average of $3,150 psf, whilst The Continuum achieved $2,920 psf, based on data from URA Realis up to 27 May 2025. The development’s strategic location and competitive pricing position it as an attractive option for potential buyers.
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