Buyers flock to Esparina EC

05:55 AM Oct 06, 2010


The first executive condominium (EC) launched in more than five years has received strong response from prospective buyers.

The Esparina, located in Sengkang, has attracted 1,155 applications or more than double the 573 units available, according to its developer Frasers Centrepoint.

According to property experts, there is pent-up demand for such housing and its affordability is an attraction for buyers, especially those among the sandwiched income class. The units in Esparina, are priced at $730 to $750 per square foot on average.

The proximity to Buangkok MRT Station is another contributing factor towards the popularity of The Esparina among buyers, housing agents said.

The project is the first EC to be launched since the La Casa in 2005 in Woodlands.

And there are at least three more developments set for launch this year, which observers believe will help cater to demand for such developments. Ryan Huang


Source: http://www.todayonline.com