Bookings for the 1,390-unit High Park Residences condominium project in Sengkang opened yesterday to very high demand.
When The Straits Times visited the showflat in the afternoon, many people were thronging the balloting tents, which have a holding capacity of 4,000 people.
Mr Chng Chee Beow, executive director of CEL Development, said that yesterday's ballot was for buyers who had submitted cheques for two-bedders and bigger units.
A separate ballot will be held today for those who are looking to buy a studio or "one plus study" unit, after which the remaining units will be open for walk-in purchases in the afternoon.
CEL Development is developing High Park with Unique Residence, a joint venture between Heeton Homes and Kim Seng Heng Realty.
Smaller units were very popular, said Mr Chng, who revealed that the developer had collected 1,000 cheques for the 200-odd studio and "one plus study" units.
One happy buyer yesterday was Mr Daryl Tan, an operations supervisor, who snapped up a two-bedroom unit for about $590,000.
Although he has looked at properties in Jurong and Serangoon, he was won over by the pricing of High Park Residences. "It's hard to find this kind of price in this kind of market. This is very attractive."
Even property agents got into the act. Ms Christina Tan, an estate agent with Huttons Asia, bought a two-bedroom deluxe unit for more than $600,000.
She is certain she has made the right choice for her first property investment because of the potential of the neighbourhood, citing the upcoming Seletar Regional Centre.
"This is the best because they give so many facilities at a good price," she said.
The bigger units were also popular. Mr Santhosh Kumar and his wife Fanny Kumar were hoping to get a four-bedroom unit for about $1 million. They said they had waited for nearly 12 hours before they were invited to book a unit.
It was a sale worth waiting for, as Mrs Kumar felt that the location's transport links and proximity to The Seletar Mall were key factors.