Sim Lian's Wandervale EC to be launched at S$750-770 psf on average

Singapore

SIM Lian Group's executive condominium (EC) project Wandervale in Choa Chu Kang is slated to be the first residential project to be launched this year, with sales booking starting in early March at an average pricing of S$750-770 per square foot (psf).

Group executive director and managing director of the property development division Kuik Sing Beng noted that the pricing is competitive vis-a-vis other ECs within the vicinity and the project's breakeven price is about S$700 psf, since the group acquired the 1.9-hectare plot at S$361 psf per plot ratio (psf ppr) in September 2014, he told BT.

As a public-private hybrid project, Wandervale EC is open for e-application on Feb 18 when its showflat opens for viewing. ERA Realty and Oran…