Nouvel 18 sells 16 units; 90% of the buyers are foreigners

On the weekend of July 20 and 21, City Developments Ltd (CDL) released 30 units at luxury, freehold project, Nouvel 18. To date, 16 units or more than half of the units released have been sold, according to CDL. Units sold were predominantly three- and four-bedroom apartments.

About 90% of the buyers are said to be foreigners. “The foreign buyers were predominantly from Hong Kong and China,” says Dominic Lee, head of luxury team at PropNex Realty, the marketing agent for Nouvel 18. The other marketing agents of Nouvel 18 are ERA, Huttons Asia and SRI.