Sim Lian Group has released prices for the 534-unit Wandervale executive condominium (EC) in Choa Chu Kang, the first major property launch this year.
In a statement, the group said prices start from $655,000 for a three-bedroom unit, $753,000 for a three-bedroom premium unit, and $896,000 for a four-bedroom unit. The project has an average price of $755 psf.
“Wandervale is competitively priced against other ECs in the market,” said Sim Lian. The EC units range in size from 958 sq ft to 1,249 sq ft, across nine residential blocks.
Located near Choa Chu Kang MRT station, Wandervale was more than 40 percent oversubscribed, receiving a total of 783 e-applications over 11 days.
The showflat at Choa Chu Kang Avenue 3 saw more than 5,000 visitors during the e-application period, which ended on 28 February.
According to Sim Lian, potential buyers were mainly attracted to the location, spacious units and overall design of the project.
The balloting and sales booking exercise for the EC starts on 5 March at the showflat.
The 99-year leasehold project is expected to receive its TOP by 2019.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email firstname.lastname@example.org