The first Executive Condominium launch of 2016 saw over 400 applications for the 534-unit development over the weekend.
Located centrally within Choa Chu Kang, Wandervale is highly accessible and in close proximity to transportation nodes, shopping and lifestyle conveniences, popular schools, and nature attractions.
“Wandervale is the first executive condominium to be launched this year, and we have received positive response to the project thus far. It is centrally located within Choa Chu Kang and in close proximity to transportation nodes, shopping and lifestyle conveniences, popular schools, and nature attractions. We are confident that Wandervale is an attractive proposition for young families and HDB upgraders in Singapore,” said Kuik Sing Beng, Executive Director, Sim Lian Group.
Featuring 130 three-bedroom units, 322 three-bedroom premium, and 82 four-bedroom units ranging from 958-1,249 square feet (89-116 square metres) across nine residential blocks of 13, 15, and 17 storeys respectively, the 99-year leasehold development is scheduled to receive its Temporary Occupation Permit (TOP) by 2019.
However, the slow market did not affect the buyers’ preferences for larger units, with the premium three-bedders and four-bedders being the more sought after choices.
Some of the factors making this an attractive proposition for young families and HDB upgraders, especially the middle-income earners with a monthly income ceiling of $14,000 would be the walking distance to the Choa Chu Kang transportation hub; lifestyle conveniences such as the Lot One Shoppers’ Mall and Teck Whye Shopping Centre; close proximity to popular schools such as South View Primary School and Pioneer Junior College; and nature attractions such as Choa Chu Kang Park and the Bukit Timah Nature Reserve.
“Wandervale EC has seen strong interest since its launch and represents clear value to home-buyers. For this development, both location and the project design has proven to be attractive to applicants. Many potential buyers indicated they have been attracted to the spacious layout, its proximity to the MRT, amenities and schools around the area,” said Eugene Lim, Key Executive Officer, ERA Realty Network.
Wandervale is competitively priced at approximately S$750 – S$770 psf on average, with the application period till 28 February 2016. The balloting and booking date of the 534-unit executive condominium is 5 March 2016.