A third of units sold at Sengkang EC OLÁ on first weekend at average price of $1,135 psf

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SINGAPORE (THE BUSINESS TIMES) - A third of all units in executive condominium (EC) OLÁ in Sengkang have been snapped up within the first weekend of sales on March 22, property developer Anchorvale said in a statement on Monday (March 23).. Read more at straitstimes.com.

SINGAPORE - A third of all units in executive condominium OLÁ in Sengkang have been snapped up within the first weekend of sales on March 22, property developer Anchorvale said in a statement on Monday .Buyers purchased 167 of the 548 units in the Spanish-themed EC, which is located near Sengkang MRT and slated for completion by December 2023.The total average price of the units sold on a per square foot basis was $1,135.

It added that 102 units were sold to first-time buyers, while second-time buyers looking to upgrade their homes bought the remaining 65 units. The majority of buyers - 107 - lived in the same District 19. Describing the turnout as"lower than expected", Evia Real Estate director Vincent Ong said the higher proportion of buyers opting for deferred payment reflected the economic and job uncertainty here brought on by the continued spread of the novel coronavirus.

"We remain convinced that this project has set a new standard for ECs in Singapore, and has been priced at affordable rates."

 

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Are such big sales events in line with the requirements for social distancing or is the potential profit need greater than the safety of the buyers, who as a result of the risk might not experience the TOP anymore ...

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