Wandervale EC Price | The Wandervale Prices

Wandervale EC Price · Latest Price Update

The detailed Wandervale EC price list is now available. Exact pricing was only finalised and released a couple of days before the actual booking date itself.

Average pricing is around $750 PSF.

This makes it the cheapest EC within walking distance of an MRT station in recent years.

It also compares favourably with the $770 to $780 PSF average for the launch of Sol Acres, the only other EC in Choa Chu Kang. Sol Acres is not within walking distance of an MRT station.

Please drop us a note here if you wish to know more on the Wandervale EC pricing.

Wandervale EC Price . Pool PavilionArtist’s Impression . Wandervale EC Pool Pavilion


Wandervale EC Price · Land Price

The tender for this new CCK EC site surprised the market with higher-than-expected bids in tough competition among 8 bidders.

Analysts said the bids reflected its location within walking distance of the Choa Chu Kang MRT station and Lot One Shopping Centre.

Sim Lian’s winning bid was just 2.5% higher than the next highest bid of $353 psf ppr, from a JV of Hoi Hup Realty, Sunway Developments & Oriental Worldwide.

City Developments came in third with a bid of $197 million, or $343 psf ppr, just 5% lower than the winning bid.

“The number of bids and close winning margin indicate healthy interest in the EC market, despite current market conditions,” said Mr Desmond Sim, research head at CBRE.

According to Mr Ong Teck Hui, national director of research and consultancy at Jones Lang LaSalle, the tender results were still “realistic”.


Wandervale EC Price · Estimate Cost Calculations October 2015

Sim Lian Group’s offer of $207.4 million for the Wandervale EC site works out to $361 per sq ft (psf) per plot ratio (ppr). Assuming construction cost of around $380 PSF, breakeven could be around $740 PSF.

Based on the above estimates, it might translate into an approximate Wandervale EC pricing of about $780 PSF average. Smaller units, and those on higher floors with views, especially of the greenery in front of the site, would command a higher pricing. But those on lower floors facing Choa Chu Kang Drive could likely be around $7xx PSF.

The bid price reflects the expected popularity of this new CCK EC site. Especially as there are fewer executive condominiums being built in west Singapore, compared to the east and north, much less one so close to both an MRT station and shopping mall.

In fact there are not that many new launches in the west of Singapore, compared to the east and north-east. The few private launches in 2020 included just One North Eden, and the Clavon, besides Parc Clematis that launched in 2019. Fast forward to 2024 and 3023, we have the Hillhaven showflat opening, following the success of the Reserve Residences and Myst condo launches. As for executive condos, there were none altogether in those years. In 2023, we only had Altura EC.

Hence both One-North Eden near One-North Gateway, and the Clavon garnered good responses, and have since sold out. Of the two, One North Eden sold faster. As for the 2023 and 2024 time frame, Reserve Residences and Myst have both achieved decent demand despite the cooling measures introduced not long before their launches. And by the time the Hillhaven condo showflat opens its doors in 2024, probably demand would have built up again since the sell out of Midwood in the Hillview area. The Hillhaven condo floor plans are likely to be available only in 2024 as well, a short while before the actual launch.



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