95% of Jurong EC snapped up on first day of sales
Lake Life is the first executive condominium project in Jurong in 17 years. Out of the 546 units, 521 have been sold.
SINGAPORE: The first executive condominium (EC) project in Jurong in 17 years opened for booking on Saturday (Nov 8), and it has already sold 95 per cent of its units - 521 units. This makes Lake Life EC the project that sold the most number of units on the first day of sales since June last year.
Sales of the project crossed the 50 per cent mark by noon. By 4pm, 446 units were snapped up.
Its developer said the "overwhelming response" is likely due to the project's location - at Jurong Lake District, and recent announcements by the government to further develop the Jurong area.
Two buyers Channel NewsAsia spoke with are HDB dwellers living in the vicinity. They said in addition to location, price was also a key consideration.
Prices of the 546-unit development average S$857 psf, lower than the earlier indicative prices of S$880 to S$890 psf, with a two-bedroom unit going for S$685,000 on average.
"In terms of the price per square foot, I think this was quite attractive compared to the private developments - I think about 25 to 30 per cent less compared to the other private developments that we saw,” said buyer Nilesh Jadha, who currently owns a five-room HDB flat.
"We love Jurong, we have been staying here for many years and this is the first EC project after 17 years,” said another buyer, Bryan Loh. “We also looked around at other private properties but they are overpriced. I think this EC is the right price for us to buy and stay."
The next EC in Jurong will be launched after the first quarter of next year. It is located at Westwood Avenue, near Nanyang Technological University.
- CNA/xq
- wong chee tat :)
Showing posts with label Westwood Avenue. Show all posts
Showing posts with label Westwood Avenue. Show all posts
Monday, November 10, 2014
Sunday, November 3, 2013
2 residential sites released for sale
2 residential sites released for sale
By Chitra Kumar
POSTED: 31 Oct 2013 20:59
Two residential sites have been released for sale under the Government Land Sales Programme for the second half of this year.
SINGAPORE: Two residential sites have been released for sale under the Government Land Sales Programme for the second half of this year.
The two sites at Westwood Avenue and Lorong Lew Lian can yield about 980 homes.
The Westwood Avenue site in Jurong West is in close proximity to the Pan Island Expressway and near Jalan Bahar. It is for sale under the Confirmed List.
The site is earmarked for executive condominium (EC) development and some analysts said they expect to see strong interest from developers.
Nicholas Mak, executive director of research and consultancy at SLP International Property Consultants, said: "In the current market, there is a very strong demand for executive condominiums among home buyers. Hence I believe this site will attract much attention from developers.
"With the whole list of cooling measures as well as the TDSR (Total Debt Servicing Ratio) framework, some upgraders and home buyers are actually preferring to buy executive condominiums over mass market condominiums because they are able to get larger housing loans if they were to select a EC."
The second site put up for sale is at Lorong Lew Lian, near Upper Serangoon Road and Upper Paya Lebar Road. It is for sale under the Reserve List.
- CNA/fa
- wong chee tat :)
By Chitra Kumar
POSTED: 31 Oct 2013 20:59
Two residential sites have been released for sale under the Government Land Sales Programme for the second half of this year.
SINGAPORE: Two residential sites have been released for sale under the Government Land Sales Programme for the second half of this year.
The two sites at Westwood Avenue and Lorong Lew Lian can yield about 980 homes.
The Westwood Avenue site in Jurong West is in close proximity to the Pan Island Expressway and near Jalan Bahar. It is for sale under the Confirmed List.
The site is earmarked for executive condominium (EC) development and some analysts said they expect to see strong interest from developers.
Nicholas Mak, executive director of research and consultancy at SLP International Property Consultants, said: "In the current market, there is a very strong demand for executive condominiums among home buyers. Hence I believe this site will attract much attention from developers.
"With the whole list of cooling measures as well as the TDSR (Total Debt Servicing Ratio) framework, some upgraders and home buyers are actually preferring to buy executive condominiums over mass market condominiums because they are able to get larger housing loans if they were to select a EC."
The second site put up for sale is at Lorong Lew Lian, near Upper Serangoon Road and Upper Paya Lebar Road. It is for sale under the Reserve List.
- CNA/fa
- wong chee tat :)
Residential sites at Westwood Ave, Lor Lew Lian released for sale
Residential sites at Westwood Ave, Lor Lew Lian released for sale
POSTED: 31 Oct 2013 10:54
The government has released two residential sites for sale at Westwood Avenue and Lorong Lew Lian on Thursday under the 2nd half 2013 Government Land Sales Programme. These two sites can yield about 980 residential units.
SINGAPORE: The government has released two residential sites for sale on Thursday under the 2nd half 2013 Government Land Sales Programme.
These two sites can yield about 980 residential units.
The Housing & Development Board launched the executive condominium site at Westwood Avenue for sale under the Confirmed List.
The Urban Redevelopment Authority made the land parcel at Lorong Lew Lian available for application for sale under the Reserve List.
The site at Westwood Avenue is located near to the Pan Island Expressway and amenities such as Gek Poh Shopping Centre, Pioneer Mall, Jurong West Stadium and Jurong West Public Library.
The Lorong Lew Lian site is located in a residential estate near Serangoon Town Centre, NEX Shopping Mall and Heartland Mall and is accessible via Bartley and Serangoon MRT stations and the Central Expressway.
- CNA/xq
- wong chee tat :)
POSTED: 31 Oct 2013 10:54
The government has released two residential sites for sale at Westwood Avenue and Lorong Lew Lian on Thursday under the 2nd half 2013 Government Land Sales Programme. These two sites can yield about 980 residential units.
SINGAPORE: The government has released two residential sites for sale on Thursday under the 2nd half 2013 Government Land Sales Programme.
These two sites can yield about 980 residential units.
The Housing & Development Board launched the executive condominium site at Westwood Avenue for sale under the Confirmed List.
The Urban Redevelopment Authority made the land parcel at Lorong Lew Lian available for application for sale under the Reserve List.
The site at Westwood Avenue is located near to the Pan Island Expressway and amenities such as Gek Poh Shopping Centre, Pioneer Mall, Jurong West Stadium and Jurong West Public Library.
The Lorong Lew Lian site is located in a residential estate near Serangoon Town Centre, NEX Shopping Mall and Heartland Mall and is accessible via Bartley and Serangoon MRT stations and the Central Expressway.
- CNA/xq
- wong chee tat :)
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