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Lake Life executive condomium receives record number of e-applications

The 546 unit-executive condominium (EC) Lake Life has been more than three times subscribed, receiving a record number of e-applications for an EC project in Singapore.

Developed by a consortium which is led by Evia Real Estate, the project - which is in the Jurong Lake district - received some 1,828 applications.

Of the more than 1,820 e-applications, about 65 per cent are second time applicants, while the average age of applicants is about 42 years old. Nearly 60 per cent of applicants earn between S$8,001-S$12,000, while just ten per cent have a combined income of less than S$5,000. The combined income ceiling for EC applicants is S$12,000.

E-applications ended at 9.30pm on Sunday night.

Pricing of the units will be released 5 Nov, which is when the show flats will open for viewing. Bookings for Lake Life will be launched on 8 Nov.