Tuesday, July 24, 2007

The Great Rochester Sellout

Image Source: Prophunter

The Rochester (renamed from One Rochester, because it technically doesn't sit on One Rochester) has been one hotly anticipated project. Only the second new residence in the area to spearhead the One North Project, it has drawn strong interest with its mixed development concept and proximity to an MRT, Holland Village and Singapore's next infocomm hub.

Finally it was launched, only to dissapoint many. In fact industry insiders told me how most of it was sold through the developer to its own staff, shareholders and select VIP. The public never had a chance.

A friend of mine was cussing under his breathe and hoping for 'those damned inside flippers' to get burnt. I didn't know why he was so unhappy, his One North Residence must have somewhat appreciated thanks to the $1300-1600psf bump from The Rochester i'm sure.

Update: August 7th, been seeing some of them One Rochester units on for sale at some pretty desperate prices. Getting burnt eh?