City Developments said e-applications for the 638-unit EC will close later on Monday (Jul 20), with booking to start this Saturday.

E-applications are typically an indication of interest in an EC project, although applicants are not obliged to buy when sales open. Indicative pricing shows that units at The Brownstone start from S$599,000 for a two-bedroom condominium, to about S$1.3 million for a five-bedroom penthouse.

Several EC projects will come on the market this month. The 517-unit The Vales at Anchorvale Crescent already opened for sales last Saturday, while e-applications for the 1,327-unit Sol Acres, located at Choa Chu Kang, are underway.

Source : Channel NewsAsia – 20 Jul 2015

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The Brownstone received about 300 e-applications over the weekend of Jul 11 and 12, with more than 2,000 visitors at its sales gallery. This was despite a highly competitive market with a number of new EC launches in recent months.

Property watchers said the 638-unit EC is attractive primarily because of its location next to the upcoming Canberra MRT station.

Said ERA’s Key Executive Officer Eugene Lim: “The project is located within the northern part of Singapore and is slated to be the next high growth area to be developed into a commercial, as well as lifestyle hub.

“Secondly, we are a short distance from the upcoming Canberra MRT station, and generally projects near MRTs tend to attract a larger crowd.

“Thirdly, we have a huge support base, as we are surrounded by a very established HDB housing estate in Yishun, Sembawang and Woodlands, and this will provide a huge base for upgraders into the EC market.”

Units are priced from S$599,000 for a two-bedroom condo to about S$1.3 million for a five-bedroom penthouse.

ECs were introduced to cater to Singaporeans who find private property out of their reach. To be eligible, buyers’ gross monthly household income must not exceed S$12,000.

Source : Channel NewsAsia – 12 Jul 2015

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On Thursday (Jul 9), developer City Developments (CDL) said applications for The Brownstone EC at Canberra Drive in Sembawang will open from Friday to Jul 20, with bookings to be conducted on Jul 25.

CDL did not reveal indicative pricing for The Brownstone, with a company spokesperson saying this will be done closer to the booking date.

The 638-unit EC is located next to the upcoming Canberra MRT Station along the North-South Line. The project comprises eight blocks of 10- to 12-storey apartments, with sizes ranging from 732 square feet for a two-bedroom unit to 1,711 sq ft for a five-bedroom penthouse.

Group General Manager Chia Ngiang Hong said CDL expects keen interest for the development, given its “strong locational attributes”.

As many as seven new EC projects are expected to be launched later this year. As of May, 4,176 EC units remained unsold, compared to 2,738 in May 2014.

Analysts, including Mr Ong Kah Seng and Mr Alex Sun from property research firm RST, have recently said that demand for ECs, with the exception of Lake Life in the Jurong Lake District, had been sluggish at prevailing price levels.

They said that the median sale price of about S$800 psf can no longer be supported for projects in locations such as Punggol, Sengkang, Woodlands, Sembawang and Choa Chu Kang, but added that sales will improve significantly if developers cut prices as the sandwiched class are still interested in the hybrid housing type.

Source : Channel NewsAsia – 10 Jul 2015

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