Wandervale EC product sales ‘encouraging’

Product sales have been quick at Wandervale, the 1st executive condominium (EC) task launched this season, its programmer said the other day.

About 320 apartments have been completely sold because launch of your 534-unit assignment in Choa Chu Kang Avenue 3 or more last month, Sim Lian Group noted. Them said large units were definitely most common with HDB upgraders and adolescent families, all 82 four-bedroom units distributed.

Wandervale constitutes 130 three- bedroom contraptions, 322 three-bedroom premium contraptions, and four-bedders ranging from 958 to 1, 249 sq legs.

The profits are teaching, likely building Wandervale only successful ECs in terms of take-up since Body of water Life on Jurong, which in turn sold 534 of a 546 models at its release in Nov 2014. There is doubt there is certainly underlying demand, be it ECs or privately owned condos; this can be a matter of prices them correct. As to whether this really is a green take, it is too soon to inform, as there actually a few more tasks coming in, stated an analyst.

The average cost of models at Wandervale, which is close to Choa Chu Kang MRT station, is usually $755 psf. Prices begin from $655, 000 for a three- bedder and from $753, 000 for any three-bedroom high quality unit, whilst four-bedroom homes go for $896, 000 up-wards, Sim Lian said.

A consultant declared buyers are price-sensitive, therefore developers that are looking for to enjoy great sales in the project release will have to develop an attractive price point. At below $800 psf, he believes buyers are coming back to the marketplace.

Wandervale is usually vying intended for buyers with nearby Luz Acres EC, a 1, 327-unit development through MCL Property launched a year ago. It had offered 416 from the 707 models launched because at Mar at a median cost of $791 psf.

Wornout, developers offered 485 fresh EC models in Mar. Analysts state sales will probably hold up this month with two launches in Sembawang – The Visionaire and Paturage Life. Additional EC tasks in the pipeline include Cherish Crest in Anchorvale Crescent, Northwave in Woodlands Method 12 and a development in Choa Chu Kang Avenue five.