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SG Lush Acres exec condo 76% sold

Property Here - Tuesday, August 20, 2013

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The 380-unit Lush Acres executive condominium (EC) project in Sengkang has sold 289 of its units, or 76 percent over the weekend after bookings opened on Saturday. 

Developed by City Developments Limited (CDL), the EC comprises four 25-storey towers featuring three- to five-bedroom apartments, with suite and premium options available. Units are going at an average price of S$785 psf or from S$704,000 to S$1.275 million.

Lush Acres has seen strong demand especially from first-timers, who made up 37 percent of buyers. 

Commenting on the turnout, Chia Ngiang Hong, Group General Manager at CDL said: “We are delighted with the healthy interest for Lush Acres EC. Being situated in Sengkang, which is poised to develop into a dynamic locale under the Government’s ‘Punggol 21’ vision, Lush Acres’ top draws are undoubtedly its proximity to the Layar LRT Station, the ample amenities nearby and its attractive and affordable pricing.”

“Given the popularity of ECs in Singapore plus the recent hotly contested private residential land sites in the area, buyers of Lush Acres have shown that they are confident of the value that this development offers as well as its potential appreciation,” he added.

 

Nikki De Guzman, Junior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email nikki@allproperty.com.sg