Singapore, 1 June 2006 – Property buyers in Singapore can now enjoy quality finishings and unique amenities with the launch of The Quartz, a 99-year leasehold condominium located in Sengkang and targeted at first-time homebuyers and upgraders.

Developed by GuocoLand, the developer behind high-end condominiums such as Paterson Residence and Leonie Studio, The Quartz is attractively priced from S$490 per square foot (psf) on average, with 3-bedroom units priced from S$500,000.

Designed by award-winning architecture firm, P&T Consultants Pte Ltd, The Quartz features facilities and amenities not usually seen in mass-market projects such as a sky gym, a sky bridge, secret gardens at selected levels and a “floating” clubhouse raised above the central pool area. Other facilities include tennis courts, a basketball practice court, barbeque areas, a children’s playground and a foot reflexology area.

The Quartz is a mere 3-minute walk from the Buangkok MRT station and within a 20-minute MRT ride from the 3 main city stations (City Hall, Dhoby Ghaut and Chinatown).

Commenting on The Quartz, Mrs Trina Loh, Managing Director, GuocoLand Singapore said, “This is an attractively priced project given its strategic location; exciting recreational facilities and quality finishes. The Quartz’s close proximity to the MRT makes for convenient commuting while the apartments have been carefully designed to maximize space and ventilation. Homebuyers will certainly appreciate the functional layouts and quality finishes. The positive response we’ve seen at the preview certainly testifies to The Quartz’s appeal.”

A special deferred payment scheme will be made available to buyers for a limited period. Under this scheme, buyers need only pay 5% of the purchase price upon booking followed by another 5% eight weeks later and 10% one year later. The balance payment is only required when the project has obtained the Temporary Occupation Permit (TOP). The Quartz is scheduled to be completed in year 2010.

Popular television star, Ms Chen Liping will be making special appearances at the showflat, located at the junction of Compassvale Bow and Sengkang Central, and her 1st appearance will be on 11 June 2006. There will also be series of fun activities for children on 4th, 11th and 18th June 2006.

For more information, please contact :
Tan Poh Cheng
Corporate Communications Manager
GuocoLand Limited

About GuocoLand Limited
Incorporated since 1976, GuocoLand Limited (“GLL”) is a major property development and investment company based in Singapore and listed on the Singapore Exchange Limited. The principal business activities of its subsidiaries are property development, property investment and investment holding.

The Group also has embedded operations in Singapore, China and Malaysia, as well as property interests in various countries in the region.

As at 31 March 2006, GLL had a paid-up capital of S$839.72 million, shareholders' funds of S$1.12 billion, total assets of S$2.27 billion and a market capitalization of S$1.69 billion. For the nine months ended 31 March 2006, the turnover was S$301.74 million.