Strong interest in Lush Acres EC

Lush Acres, a new 380-unit executive condominium (EC) project in Sengkang, has received strong interest from home hunters.

City Developments says the project has been oversubscribed by 1.6 times since it opened for application over the weekend.

Application closes on 21 July and bookings will be conducted on 17 August.

In view of new EC guidelines introduced earlier this year, Lush Acres will not have any dual-key unit or penthouse with private roof terraces.

Prices of units will be announced at a later date, but some agents say the average price could range between S$730 and S$750 per square foot.

Meanwhile, ERA – one of the project’s marketing agents – says demand for ECs will continue to be strong and that recent curbs on property loans, such as the new Total Debt Servicing Ratio framework, are unlikely to affect sales.

Source : Channel NewsAsia – 16 July 2013

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