Crowds at the Treasure Crest sales gallery over the weekend. (Photo: Sim Lian Group)
More than 70 percent of the units at the Treasure Crest executive condominium (EC) in Anchorvale Crescent were sold over the weekend, said its developer Sim Lian Group.
During the first two days of bookings, the mainboard-listed firm found buyers for 362 units in the 504-unit residential project, with all the four-bedroom apartments being the first to be snapped up.
Around 62 percent of the units were purchased by first-timers, including those who made their bookings under the Fiancé/Fiancée Scheme, while the rest were bought by HDB upgraders. The majority of the buyers currently reside in northeastern Singapore, specifically in Punggol, Sengkang and Hougang.
Buyers said they were drawn to the project’s strategic location, attractive pricing and spacious units, which range from 958 sq ft to 1,345 sq ft.
On average, the units at Treasure Crest cost $742 psf, with prices starting from $677,000 ($707 psf) for a three-bedroom unit and $735,000 ($683 psf) for a premium three-bedder.
Located in Sengkang New Town, the EC is close to the Cheng Lim LRT station and Sengkang MRT station.
Expected to be completed by 2019, the 99-year leasehold development consists of 84 three-bedroom units, 364 premium three-bedroom units and 56 four-bedroom units across eight 15-storey residential blocks.
Treasure Crest is the second EC to be launched by Sim Lian Group this year, following the launch of Wandervale in February, which has sold around 75 percent of its units.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
