Wandervale EC Launch Draws Over 400 E-Applications
On 22 February 2016, Business Times (BT) reported that the Wandervale EC launch has attracted over 400 e-applications, just four days after the showflat opened its doors. This is about 3/4 of the total of 534 available units.
Wandervale offers 130 three-bedroom standard units, 322 three-bedroom premium units, and 82 four-bedroom units spanning from 958 to 1,249 square feet in 9 residential blocks. Apparently the most popular types are the 3 bedroom premium and 4 bedroom units.
Indicative pricing for this project is around S$750 to S$770 PSF (per square foot) on average. (Compared to around $770 to $780 PSF average for the Sol Acres EC launch last year.)
In a separate statement by the developer Sim Lian, Eugene Lim, the KEO (key executive officer) of ERA Realty Network, said: “The Wandervale EC launch has seen strong interest and represents clear value to homebuyers. For this development, both location and design have proven to be attractive to applicants. Many potential buyers indicated they have been attracted to the spacious layout, its proximity to the MRT, amenities and schools around the area.”
ERA had been appointed by Sim Lian as one of the 2 marketing agencies for this project.
Wandervale EC is located within walking distance to Choa Chu Kang bus interchange and MRT station. Furthermore, residents will get a one-year free shuttle bus service to the upcoming Bukit Panjang Integrated Transport Hub.
Coupled with the newly opened MRT Downtown Line 2, travel time between Bukit Panjang and Bugis has been cut from 50 minutes to just half an hour.
The Bukit Panjang Integrated Transport Hub will be the 9th of its kind in Singapore and will also be integrated with the Hillion Mall. Hillion is likely to obtain its Temporary Occupation Permit (TOP) by the first half of 2017.
Wandervale EC itself is scheduled to complete by 2019.
Sim Lian Group launched Wandervale on 18 February; the e-application period will end on 28 February, so more e-applications are expected to come in before it closes.
The balloting and booking date is on March 5, with the detailed price list due to be released on 3 March, 2 days before the balloting.
Kuik Sing Beng, the executive director of Sim Lian Group, said: “Wandervale is the first executive condominium to be launched this year, and we have received positive response to the project thus far . . . We are confident that Wandervale is an attractive proposition for young families and HDB upgraders in Singapore.”
For more on the news report, see the Straits Times report here (opens in new window).
Adapted from: The Business Times, 22 February 2016
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