Waterbay (pictured), a new executive condominium (EC) located at the junction of Punggol Central and Edgedale Plains has received strong interest, with around 206 of the 383 units available snapped up on the first day of bookings last Friday, according to The Business Times.
Developed by Chinese firm Qingjian Realty (South Pacific), three- and four-bedroom dual-key units were most sought-after among buyers. Meanwhile, second-timers bought up all the units allocated to them – 30 percent of the total according to new rules by the Housing and Development Board (HDB).
Donald Ng, Senior Marketing Manager at Qingjian said that 80 percent of the dual-key three- and four-bedroom units and five-bedders have been sold.
Prices ranged from S$560,000 for two-bedroom units to S$1.04 million for five-bedders. On a psf basis, prices ranged from S$688 to S$775 psf, or S$720 psf on average.
The strong reception was in line with property consultants’ expectations, given that residential projects in Punggol, Sengkang and Upper Serangoon have been generally well-received.
For instance, Heron Bay at Upper Serangoon View saw 1,664 prospective buyers for its 394 units last month.
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