The Privé executive condominium development in Punggol has seen a good response from home buyers, receiving a total of 1,011 applications for the 680 units available for sale as of December 7.
The 99-year leasehold condo comprises two- to four-room units across four 17-storey towers, with average selling prices of between $660 psf and $690 psf.
The developers, NTUC Choice Homes Co-operative and Chip Eng Seng, are offering a deferred payment scheme (DPS), although interested buyers who chose that will have to pay 2 percent more.
Brandon Lee, an analyst at DMG & Partners, said that turnout for the project was buoyant. “We thought overall pricing of $680 psf is reasonable, which equates to a slight 8 percent premium over the $630 psf fetched by nearby completed ECs,” he said.