Buyers snapped up 362 units at Treasure Crest over the weekend

By Lin Zhiqin
/ The Edge Property |
Join our  Telegram  channel and follow our  Facebook  for the latest update.
Sim Lian Group has sold 362 units, or 72% of the 504 units available at Treasure Crest executive condominium in Sengkang over its launch weekend. The EC was 2.1 times oversubscribed at the end of its e-application period on July 10.
All 56 four-bedroom units, approximately 1,345 sq ft in size, have been fully sold.
Units at Treasure Crest were priced at an average of $742 psf, with prices starting from $677,000 or $707 psf for a three-bedroom unit and $735,000 or $683 psf for a three-bedroom premium unit.
First-timers account for over 60% of buyers, with the rest purchased by HDB upgraders. There are 12 remaining units available for purchase under the 30% quota set aside for second-time homebuyers, which will be lifted on August 16.
Buyers have a choice of a normal payment scheme or a deferred payment scheme. The project is due to be completed in 2019.
Separately, Qingjian Realty sold 43 units at Bellewaters EC in June, which is a stone’s throw away from Treasure Crest. According to market sources, the developer has offered a waiver of the premium payable under the deferred payment schemes. Bellewaters is also one of the few remaining projects in the area which do not attract a resale levy.
The take-up rate for Treasure Crest is the highest seen for EC projects since November 2014, when Lake Life in Jurong moved 98% of the 546 units available over its launch weekend. Other ECs that enjoyed strong sales at launch are Heron Bay, Citylife @ Tampines, Lush Acres and Twin Fountains.

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

View More