Prospective buyers viewing the model of Treasure Crest EC.
Sim Lian Group has received 800 e-applications for its 504-unit Treasure Crest executive condominium (EC) project, making the development around 60 percent oversubscribed as of Thursday afternoon.
A total of 3,000 people have visited the Treasure Crest sales gallery since e-applications started on 1 July. The application period will close on 10 July, while bookings take place on 16 July.
The 99-year leasehold development comprises 84 three-bedroom units, 364 three-bedroom premium units and 56 four-bedroom units spread across eight residential blocks.
With unit prices ranging between $735 and $755 psf on average, larger units, specifically the three-bedroom premium and four bedroom units, emerged as the more popular options among potential buyers.
Around 48 percent of the e-applicants are first-time buyers, while the rest are HDB upgraders.
Sim Lian noted that majority of the applicants currently live in the north-eastern part of Singapore, namely Punggol, Sengkang and Hougang.
“We are heartened by the overwhelming response thus far,” said Sim Lian Group Executive Director Kuik Sing Beng.
Measuring approximately 187,831 sq ft, the EC site in Sengkang New Town is located close to the Sengkang MRT station and bus interchange. The project is set to obtain its TOP by 2019.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email email@example.com