The Laurels is a 19 story condominium with a 2 basement car park. It is a freehold condominium with extremely prime location at Cairnhill. This condominium is usually of great interest to real estate investors from Singapore, Hong Kong and Indonesia.

Many Indonesians purchased Urban Suites and ION when it was launched early 2010. The 1 bedrooms, 2 bedrooms and 2 bedrooms with study were sold out within a few days of its launch.

Similar to Urban Suites and ION, The Laurels is at Cairnhill road, just a stone’s throw away from Orchard.

The Laurels was previously ENBLOC and a number of the previous owners repurchased Laurels before its opening launch to the market. Altogether 4 penthouses, 3 were sold before official launch. In addition, 20% of the 1 to 2 bedrooms were reserved.

The remainder 80% of the 1 bedroom, 2 bedroom and 2 bedroom with study is still available as of 1st March 2010.

There’re altogether 45 units of 1 Bedroom, 60 units of 2 Bedroom and 30 units of 2 Bedroom + Study.

1 Bedrooms are 1st to go because many folks purchase Laurel for its location and its the lowest risk. For those who can afford it, they will go for the 2 bedrooms.

2 bedrooms + study can also give high rental yield. Expats married that work from home often like these particular type of units.

Pricewise is starting around $27xx onward.

Laurel comes with a 50m length swimming pool, tennis court, gym. Maintenance is affordable for 1, 2, 2+study at $300. At good condos, the maintenance fee can go up to $600-700.

This condo is being marketed in Singapore as well as Indonesia. Expect this to be sold quickly once its released in Feb-March 2010.