Executive Condominium Project in Punggol shows good response

NTUC Choice Homes Co-operative and Chip Eng Seng latest project, The Privé executive condominium development in Punggol has attracted a good response from home buyers, with a total of 1,011 applications for the 680 units available for sale as of December 7.

This 99 year leasehold condo comprises two- to four-room units across four 17-storey towers, with average selling prices of between $660 psf and $690 psf.

The developers are offering a deferred payment scheme (DPS), for every interested buyers who chose particular scheme will have to pay higher about 2 percent .

DMG & Partners analyst, Brandon Lee, said that turnout for the project was buoyant. “We thought overall pricing of $680 psf is reasonable, which equates to a slight 8 percent premium over the $630 psf fetched by nearby completed ECs,” he said.

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