More than 270 units of Prive executive condominium units sold

More than 270 units of the Prive – the third executive condominium project launched this year – have been taken up by Friday evening.

Prior to the start of balloting, analysts have already been expecting a good turnout for the project which is located near the Punggol MRT.

They said the 680 two- to four-bedroom units offered will appeal to buyers known as the “sandwiched class”.

The project was launched earlier this month.

The market has seen renewed interest in executive condos, which is a hybrid of private and public housing, after a five-year hiatus.

Prive is jointly developed by NTUC Choice Homes and CEL Development.

The units are priced at $660 to $690 per square foot.

It is the third executive condominium project launched this year.

The other two projects, the Esparina and the Canopy, were launched in October.

Source : Channel NewsAsia – 10 Dec 2010

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