Another EC project to be launched this week

Another executive condominium (EC) project will hit the market on Friday - the fifth such development to be launched this year.

Sim Lian Group's 504-unit Treasure Crest EC in Anchorvale Crescent will open for e-applications, with apartments going at an average price of $735 to $755 per sq ft.

The upcoming launch follows four other ECs that went on sale in recent months: Wandervale in Choa Chu Kang, also by Sim Lian Group; The Visionaire and Parc Life in Sembawang; and Northwave in Woodlands.

The 99-year leasehold Treasure Crest will comprise 84 three-bedroom units, 364 premium three-bedders and 56 four-bedders across eight 15-storey tower blocks.

The development, with unit sizes ranging from 958 to 1,345 sq ft, is expected to receive its temporary occupation permit by 2019, Sim Lian said in a statement yesterday.

It is close to Sengkang MRT station and has amenities such as a heated dip pool and jacuzzi alcove spa, the developer added.

Treasure Crest e-applications will open on Friday and run until July 10. The booking of units is scheduled for July 16.

Sim Lian Group executive director Kuik Sing Beng believes the project will appeal to new home buyers and HDB upgraders alike, given its location in a "well-connected, bustling new town". However, the developer will be vying for sales in a competitive EC market, where buyers are spoilt for choice.

Among the ECs launched this year, Wandervale still has 166 unsold units, 447 units remain available at The Visionaire, while Parc Life has 557 homes still up for sale based on data for May.

Northwave by Hao Yuan Investment opened for e-applications last Saturday with bookings to start on July 9. The 358-unit development, with features including an air-conditioned badminton court and skate park, is said to be priced at an average of $760 psf.

Wong Siew Ying

A version of this article appeared in the print edition of The Straits Times on June 29, 2016, with the headline 'Another EC project to be launched this week'. Print Edition | Subscribe