SINGAPORE (July 18): Sim Lian Group says it enjoyed “strong demand” for its Treasure Crest executive condominium (EC) units over the first two days of booking over the past weekend, with 362 of the EC’s 504 units already sold.
Last week, the group announced that the EC at Anchorvale Cresent was already 2.1 times subscribed after it received 1,077 e-applications for its 503 units.
In a Monday statement, Sim Lian adds that this includes all of Treasure Crest’s 56 four-bedroom units, which span about 1,345sf in size, such that it has become the first category to sell out.
Prices for the 99-year leasehold development begin from $677,000 for a three-bedroom unit and $735,000 for a three-bedroom unit, averaging to about $742 psf.
The majority of homebuyers have been found to be currently residing in Punggol, Sengkang and Hougang. Approximately 62% of them are first-time buyers, including those who made the purchase under the Fiancé/Fiancée Scheme. The rest were purchased by HDB upgraders.
12 remaining units under the 30% quota have been set aside for second-time homebuyers, and will be available for purchase on August 16.
Treasure Crest is the second EC launched by Sim Lian this year, after the group’s introduction of Wandervale in February. To date, the latter has sold about 75% of its units.
Sim Lian last traded at 89 cents.