Sim Lian Group has priced its Treasure Crest executive condominium (EC) project at $742 psf on average, with a three-bedroom unit starting from $649,000, or $677 psf.
The 504-unit development received 1,077 e-applications during the 10-day e-application period, making it 2.1 times oversubscribed.
Sim Lian attributed the high number of e-applications to the development’s lower prices, strategic location and layout of its units. Notably, the master bedroom of all units can accommodate a king-sized bed, while the other bedrooms can fit a queen-sized bed.
Set to obtain its TOP by 2019, the 99-year leasehold project comprises 84 three-bedroom units, 364 three-bedroom premium units and 56 four-bedroom units spread across eight residential blocks. Unit sizes range from 958 sq ft to 1,345 sq ft.
The bigger three-bedroom premium and four-bedroom units were the more popular choice amongst potential buyers.
First-timers, including those applying under the Fiancé/Fiancée Scheme, accounted for around 48 percent of the e-applicants, while the rest were HDB upgraders. Majority of the applicants currently live in the north-eastern part of Singapore, specifically Hougang, Sengkang and Punggol.
Treasure Crest is located in Sengkang New Town, near the Sengkang MRT station and bus interchange.
The balloting and sales booking exercise for the project will take place on 16 July.