28 Dec '12, 5am

EC unit to eclipse S$2m mark #PR

) could set a new record as its presidential suite will be priced at around S$2.05 million, or S$470 psf on its 4,349 sq ft area. If successfully sold at the launch this weekend, the penthouse will become the first executive condominium (EC) unit to surpass the S$2 million mark, reported The Straits Times . If just the liveable space is factored in, the expected selling price would rise to S$744 psf. Notably, the unit comes with a roof terrace of around 1,600 sq ft in area. Currently, the most expensive EC unit is a 2,845 sq ft penthouse at Heron Bay in Upper Serangoon, sold for S$1.77 million in October. Meanwhile, interested buyers flocked to CityLife’s showflat in Tampines Avenue 7 on Wednesday during the first day of preview, and bookings are expected to start on Saturday. Moreover, the 514-unit EC received about 1,800 applications before the deadline earlier this mont...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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