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Treasure Crest EC oversubscribed

By Michael Lim

/ Sim Lian Group |

July 7, 2016 10:03 AM SGT

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Sim Lian Group received 520 e-applications for its 504-unit Treasure Crest executive condo (EC) in Sengkang New Town at its launch on July 2 and 3. The e-applicants are believed to be a good mix of first-time buyers and HDB upgraders.

Treasure Crest sits on a 99-year leasehold site of 187,831 sq ft. When completed in 2019, it will have eight 15-storey blocks. The development contains 84 three-bedroom units, 364 three-bedroom premium units and 56 four-bedroom units. Sizes range from 958 to 1,345 sq ft.

Based on the e-applications, the larger three-bedroom premium and four-bedroom units were said to be the most popular. Market sources attribute the strong take-up rate to its competitive pricing of $735 to $755 psf, the spacious layout and location, as the project is located within walking distance of the Cheng Lim and Sengkang MRT stations and bus interchange.

E-applications will close on July 10, with balloting and bookings scheduled for July 16.

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