Singapore developer Sim Lian Group Limited will launch the e-applications for the new executive condominium (EC) project "Treasure Crest" on 1 July 2016. Located at Anchorvale Crescent, prices of 504 EC units will range from $735 psf and $755 psf on average.
This comes a week after Northwave EC in Woodlands e-applications opened with a slightly higher about $760 psf average price.
Standing in eight 15-storey residential building, Sim Lian Group's newest Treasure Crest EC will comprises 84 3-bedroom units, 364 3-bedroom premium units and 56 4-bedroom units. Sizes of units will range around 958 sq ft to 1,345 sq ft.
Marketed by OrangeTee and ERA, this 99-year leasehold EC is located close to the Sengkang bus interchange and Sengkang MRT station.
Executive Director of Sim Lian Group, Kuik Sing Beng expects Treasure Crest EC to attract new home buyers as well as upgraders.
Last year, the ECs qualifying income ceiling was increased to $14,000. Moreover, first-time home buyers are entitled for up to $30,000 CPF Housing Grants.
E-applications for the upcoming Treasure Crest EC will end on 10 July, while bookings will begin on 16 July.