Three mid-market condominium launches are set to take place in late January despite the softening property market.

They are namely RV Suites and Mercury on River Valley Road and Alexis in the Queenstown vicinity.

RV Suites and Mercury, in particular, will provide a good opportunity for investors looking for good bargains in the market.

“Developers want to make a decent profit by launching these properties. Buyers can now buy at a good price of $1,350 per sq ft so they can get capital gains during a bull run in the future. If they wanted to buy a similar project in the same area in 2007, they would have had to pay $1,600 per sq ft,” Lee, a real estate agent for many years who is familiar with the mentioned properties, told Property Report.

RV Suites, developed by Fortune Royal Pte Ltd, is a freehold seven storey development with 96 units, located along River Valley Road.

The 96 units will comprise one bedroom, one bedroom and a study room as well as two-bedroom penthouse units.

RV Suites will come with an attic, two basement carparks, swimming pool and a gymnasium at the attic.

Mercury, also by the same developer, is believed to be a freehold 18-storey development, located on the same stretch of road. No other details are available.

Meanwhile, Alexis is a freehold development comprising 293 units, located near to Queenstown MRT station.

It will comprise three-bedroom penthouse, two-bedroom penthouse, two-bedroom and one-bedroom units.

Source : www.property-report.com