Lake Vista DBSS project launched

Applications for the DBSS project in the Jurong lake district opened on Tuesday.

As of 6pm, Lake Vista@Yuan Ching has received 100 applications. And developers are confident the applications will soar over the weekend.

The 682-unit public housing project comprises 3-, 4- and 5-room apartments.

Prices of 4-room flats range from $481,000 to $575,000.

Despite other DBSS projects also coming up in Bedok and Clementi, developers aren’t too worried about the competition.

“Lake Vista will attract those who are staying in the area to apply for a unit. Clementi and Bedok will have their own catchment and own demand. Those who stay in that locality will like to have their own unit in that development. So we are looking at different catchment and different demand,” said Jack Chua, Executive Director of Hersing Corporation.

E-Applications for the project will end on midnight on October 24.

Source : Channel NewsAsia – 18 Oct 2011

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