Singapore’s newest The Wandervale executive condominium (EC) at Choa Chu Kang Drive draws over 400 e-applications after launching last Thursday (18 Feb), according to media reports.
This shows more than 75% of the total 534 units available on a large land parcel measuring around 205,138 sq ft.
The 99-year leasehold Wandervale EC by Sim Lian Land is the first major property launch for 2016, consisting 130 of 3 bedroom units, 322 of 3 bedroom premium and 82 of 4 bedroom units across 9 residential blocks.
The $207.4 million site awarded to Sim Lian Group is within proximity to the Choa Chu Kang bus interchange and MRT station, it is also close to the newest Downtown Line 2 (DTL2) and Bukit Panjang MRT station. Amenities like Lot One Shoppers’ Mall and South View Primary School are also within proximity.
Sim Lian’s The Wandervale is Jointly marketed by both renowned real estate enterprise OrangeTee and ERA, project average priced is approximately $750 psf to $770 psf, however the actual unit prices will be released starts on 5 March.
According to ERA’s Chief Operating Officer, Doris Ong, the response to the new EC has been better than expected. The spacious layout of the project is the key selling point.
The good level of interest have seen from HDB upgraders and first-time buyers who live nearby. After the income ceiling cap was increased to $14,000 last August 2015, more Singaporean couples are now qualified to buy executive condominium (EC).