SINGAPORE – Sim Lian Group’s launching of its executive condominium (EC) project at Choa Chu Kang Avenue 3 over the weekend attracted a strong turnout in potential buyers.
As of Sunday evening, some 400-odd applications for the 534-unit Wandervale have been submitted to the developer. Upcoming executive condo include The Visionaire EC and Parc Life EC while existing ones include The Terrace EC, Brownstone EC, Waterwoods EC, Signature at Yishun, Skypark Residences, The Vales EC, The Criterion EC, Bellewaters EC, Bellewoods EC.
Like most EC launches, the larger units – the premium three-bedders and four-bedders – proved to be the most popular.
Wandervale features 130 three-bedroom units, 322 three-bedroom premium units and 82 four-bedroom units ranging from 958 to 1,249 sq ft.
The units are priced at the $750 to 770 per sq ft range on average.
“Wandervale is the first executive condominium to be launched this year and we have received positive response to the project thus far,” said Sim Lian executive director Kuik Sing Beng.
“We are confident that Wandervale is an attractive proposition for young families and HDB upgraders in Singapore,” he added.
Mr Eugene Lim, Key Executive Officer of ERA Realty Network, which is marketing the project, said the EC had registered strong buyer interest.
“Many potential buyers indicated they have been attracted to the spacious layout, its proximity to the MRT, amenities and schools around the area,” he said.
The balloting and booking date is on March 5.
The 99-year-lease development is scheduled to receive its temporary occupation permit by 2019.
ECs are a hybrid of public and private housing and include some condominium facilities. They are subject to Housing Board rules, such as a minimum five-year occupation period.
These units are targeted at helping the middle-income earners by catering to households with a monthly income ceiling of $14,000.