Strong demand for Treasure Crest EC with over 70% of units sold over the weekend

A huge crowd waiting in line at the Treasure Crest showflat on July 16, 2016.
A huge crowd waiting in line at the Treasure Crest showflat on July 16, 2016. ST PHOTO: DESMOND FOO

SINGAPORE - Treasure Crest executive condominium (EC) at Anchorvale Crescent has seen a good take-up among homebuyers.

Developer Sim Lian Group on Monday said over 70 per cent of its latest EC project have been sold in the past weekend.

Over the two days, 362 out of 502 units had found buyers, with all 56 four-bedroom units selling out.

The development will comprise 84 three-bedroom units, 364 premium three-bedders and 56 four-bedders across eight 15-storey tower blocks.

The unit sizes range from 958 to 1,345 sq ft, and the project is expected to receive its temporary occupation permit by 2019.

Units at Treasure Crest are priced at an average of S$742 per square foot, and prices start from S$677,000 (S$707 psf) for a three-bedroom unit and S$735,000 (S$683 psf) for a three-bedroom premium unit.

About 62 per cent of the units sold were booked by first-timers, including those who made the purchase under the Fiancé/Fiancée Scheme, with the rest purchased by HDB upgraders, Sim Lian said in a statement.

The 99-year leasehold Treasure Crest is the second EC launched by Sim Lian this year, following the Wandervale which hit the market in February.

About 75 per cent of Wandervale in Choa Chu Kang Ave 3 have been sold to date.