Applications for the recently-launched Tampines Trilliant Executive Condominium hit about 1,000 at the close of its first launch on Tuesday.
The 670-unit condo, developed by Sim Lian Group, saw large crowds turning up at its launch last Friday, but whether this translates to actual buyers taking up the units is still unclear.
Bookings for the apartments will close this weekend.
City Developments’ 466-unit The Rainforest Executive Condominium project, which was launched in early January, has to date sold just over a third of its units, even though more than 800 applications were received.
Analysts said the performance of Tampines Trilliant over the opening weekend is considered below expectations, possibly because it is priced higher than other similar developments.
Prices for the project range from S$682,000 for a three-room unit to S$971,000 for a four-room unit.
Eugene Lim, executive officer at ERA Realty, said: “The EC (Executive Condo), BTO (Build-To-Order) market is likely to continue to be active going forward in 2012 because at the end of the day, there is still a lot of demand.
“But consumers are aware that there is a lot of choice, so they are likely to be more discerning and will compare what is being offered versus what they have to pay for it.”
Source : Channel NewsAsia – 1 Feb 2012