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Wandervale EC more than 40% oversubscribed

The application period for the Wandervale executive condominium (EC) closed on Sunday (28 Feb) after receiving 750 e-applications, said its developer Sim Lian Group.

This means that the 534-unit project is more than 40 percent oversubscribed. OrangeTee and ERA are the marketing agents for the 99-year leasehold EC.

Priced at approximately $750 psf to $770 psf on average, the Wandervale showflat at Choa Chu Kang Avenue 3 has attracted more than 5,000 visitors since e-applications started on 18 February.

The first major launch this year, the EC features 130 three-bedroom, 322 three-bedroom premium, and 82 four-bedroom units, ranging from 958 sq ft to 1,249 sq ft, across nine residential blocks.

The larger three-bedroom premium and four-bedroom units were more popular amongst potential buyers, said the developer, adding that the location, spacious units and overall design were the main reasons they chose the project.

“There was a balanced mix of first-time and second-time home buyers, primarily HDB upgraders, at the showflat,” noted Sim Lian.

Wandervale is within proximity to the Choa Chu Kang MRT station and bus interchange, Bukit Panjang MRT station on the newly opened Downtown Line 2 (DTL2), Lot One Shoppers’ Mall, and South View Primary School. The project is expected to receive its TOP by 2019.

Wandervale will open for sales booking on 5 March 2016.

Singapore-listed Sim Lian Group has launched 23 developments to date, including three projects in Malaysia.

Source copied: http://www.propertyguru.com.sg/property-management-news/2016/2/118511/wandervale-ec-more-than-40-oversubscribed

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