Strong turnout for Sim Lian Group's Wandervale EC Launch
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| Wandervale crowd turnout at EC Launch. |
As of Sunday evening, some 400-odd applications for the 534 units of Wandervale have been submitted to the developer.
Like most EC launches, the larger units - the premium three-bedders and four-bedders are 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 prices are range between $750 to $770 per sq ft on average.
"Wandervale is the first executive condominium to be launched this year and we have received positive response to the project so 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 at 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 5th March 2016.
The 99-year-lease development is schedule to receive its temporary occupation permit (TOP) by 2019.
ECs are a hybrid of public and private housing and include some condominium facilities. They are subject to HDB rules, such as a minimum 5-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.
References
Home buyers throng Sim Lian's Wandervale EC Launch, The Straits Times, 21 February 2016.
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