reporter2
10-10-14, 16:33
http://www.businesstimes.com.sg/real-estate/e-applications-for-lake-life-ec-project-cross-1200
E-applications for Lake Life EC project cross 1,200
7 Oct5:50 AM
[SINGAPORE] More than 1,200 e-applications have been received for Lake Life, a 546-unit executive condominium (EC) housing project near Jurong Lake.
The e-applications were received from Saturday to Monday. E-applications will close on Oct 12. The current indicative average pricing is around S$880- S$890 per square foot (psf). Firm pricing will be released on Nov 5, and bookings will begin on Nov 8.
The project is being developed by a consortium comprising Evia Real Estate, BBR Development, CNH Investment, OKP Land and Ho Lee Group. It paid a record price for EC land of S$419 per square foot per plot ratio for the 99-year leasehold plot at Yuan Ching Road/Tao Ching Road in July 2013. Evia's managing partner Vincent Ong has said the project's breakeven cost is about S$800 psf.
ECs are a public-private housing hybrid with initial buyer eligibility and resale restrictions that are lifted completely 10 years after the project's completion.
The developers credit the strong response to the location in the much-hyped Jurong Lake District, as well as the project's "active living" lifestyle pitch. The developers are collaborating with partners such as True Fitness and Tennis Allegiance Group International to provide tennis, yoga, dance and swimming lessons for residents. Most of these lessons will be free for the first year and subsidised thereafter.
In the Woodlands area, Qingjian Realty has garnered more than 700 e-applications for the 561-unit Bellewoods EC project since e-applications began on Sept 27. The average indicative pricing is about S$750-S$820 psf. E-applications will close on Oct 12 and bookings will begin on Nov 1.
E-applications for Lake Life EC project cross 1,200
7 Oct5:50 AM
[SINGAPORE] More than 1,200 e-applications have been received for Lake Life, a 546-unit executive condominium (EC) housing project near Jurong Lake.
The e-applications were received from Saturday to Monday. E-applications will close on Oct 12. The current indicative average pricing is around S$880- S$890 per square foot (psf). Firm pricing will be released on Nov 5, and bookings will begin on Nov 8.
The project is being developed by a consortium comprising Evia Real Estate, BBR Development, CNH Investment, OKP Land and Ho Lee Group. It paid a record price for EC land of S$419 per square foot per plot ratio for the 99-year leasehold plot at Yuan Ching Road/Tao Ching Road in July 2013. Evia's managing partner Vincent Ong has said the project's breakeven cost is about S$800 psf.
ECs are a public-private housing hybrid with initial buyer eligibility and resale restrictions that are lifted completely 10 years after the project's completion.
The developers credit the strong response to the location in the much-hyped Jurong Lake District, as well as the project's "active living" lifestyle pitch. The developers are collaborating with partners such as True Fitness and Tennis Allegiance Group International to provide tennis, yoga, dance and swimming lessons for residents. Most of these lessons will be free for the first year and subsidised thereafter.
In the Woodlands area, Qingjian Realty has garnered more than 700 e-applications for the 561-unit Bellewoods EC project since e-applications began on Sept 27. The average indicative pricing is about S$750-S$820 psf. E-applications will close on Oct 12 and bookings will begin on Nov 1.