IN what MCL Land CEO Koh Teck Chuan described as "overwhelming demand", the developer sold 436 units or 61 per cent of its Jurong West condominium Lake Grande over its launch weekend.
"We initially released 350 units out of the 710 units in the project but due to overwhelming demand, we released another 150 units," he said.
The average transacted price was S$1,368 per square foot (psf), with five out of every six units sold being one- and two-bedroom apartments. Two-bedroom units were the most popular, with 260 units sold.
The 17-storey project has units in one- to five-bedroom configurations, and is located near Lakeside MRT, two MRT stations away from the Jurong East hub.
The project is MCL Land's third in the area, after the 738-unit J Gateway by Jurong East MRT and the 696-unit Lakeville, which is beside Lake Grande.