Artisan 8 has successfully sold 11 residential and five commercial units, marking a significant achievement in its recent project launch. This development is anticipated to be the last freehold project in the Rest of Central Region (RCR) until at least 2027, according to Huttons Data Analytics. The absence of upcoming freehold projects in the RCR has heightened interest in Artisan 8.
The development’s pricing strategy has been a key factor in its success. Artisan 8 offers units starting at $2,100 per square foot (psf), which is notably lower than the prices of recently completed resale projects like JadeScape, which average over $2,300 psf. In comparison, other projects in the region are priced at more than $2,400 psf for 99-year leases and $2,900 psf for freehold or 999-year leases. This competitive pricing provides buyers with a “very safe entry price,” according to Mark Yip, CEO of Huttons Asia.
In addition to its pricing, Artisan 8’s location adds to its appeal. Situated within 1km of Ai Tong Primary School and Catholic High, and just 300m from the Upper Thomson MRT station, the development offers convenient access to key areas such as Johor, Orchard, the Central Business District, and Changi Airport.
As the last freehold project in the RCR for the foreseeable future, Artisan 8’s successful sales highlight the demand for competitively priced, well-located properties in Singapore’s dynamic real estate market.
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