This year saw five executive condominium (EC) projects launched, offering a total of 2,656 units. Property and construction group Sim Lian headlined two of those projects, the 534-unit Wandervale in Choa Chu Kang and the 504-unit Treasure Crest in Sengkang.
Launched in July, Treasure Crest is fully sold, making it the best-selling EC in 2016. In fact, over 70% of the units were sold on the first weekend of its launch, at a median price of $716 psf. A close second is Wandervale; launched in February, it achieved 91% sales — or 485 units sold — at a median price of $746 psf. These robust figures were attained against a backdrop of relatively lacklustre sales in other EC projects launched this year.
The crowd at Treasure Crest on the first weekend of bookings