Treasure Crest EC e-applications outnumber units

Sim Lian Group's executive condominium project Treasure Crest was greeted with overwhelming demand over the weekend.

The development received 520 e-applications between Friday and 5pm yesterday, outnumbering its 504 units. E-applications close on July 10.

Balloting and booking for the 99-year leasehold development will take place on July 16.

Treasure Crest, located in Sengkang New Town, comprises 84 three-bedroom units, 364 three-bedroom premium units and 56 four-bedroom units spread across eight blocks of 15 storeys each.

They range in size from 958 sq ft to 1,345 sq ft and are priced at an average of $735 to $755 per sq ft.

The larger units were especially popular among the e-applicants, a source close to the developer said.

The project, which is expected to receive its temporary occupation permit by 2019, is within walking distance of Sengkang MRT station and bus interchange.

It is also within 1km of Nan Chiau Primary School, Nan Chiau High School and CHIJ St Joseph's Convent.

Treasure Crest 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.

Last week, Sim Lian Group executive director Kuik Sing Beng said he believed the project would appeal to new home buyers and HDB upgraders alike, as it is in a "well-connected, bustling new town".

A version of this article appeared in the print edition of The Straits Times on July 04, 2016, with the headline 'Treasure Crest EC e-applications outnumber units'. Print Edition | Subscribe