The first executive condominium (EC)
project in Jurong in 17 years opened for booking on Saturday (Nov 8), and it
has already sold 95% of its units - 521 units. This makes Lake Life EC the
project that sold the most number of units on the first day of sales since June
last year.
Its developer said the
"overwhelming response" is likely due to the project's location - at
Jurong Lake District, and recent announcements by the government to further
develop the Jurong area.
Two buyers Channel NewsAsia spoke with
are HDB dwellers living in the vicinity. They said in addition to location,
price was also a key consideration.
Prices of the 546-unit development
average $857psf, lower than the earlier indicative prices of $880 to $890 psf,
with a two-bedroom unit going for $685,000 on average.
Source:
CNA
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