Punggol EC oversubscribed 1.2 times

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The newly-launched Ecopolitan executive condominium (EC) in Punggol has been 1.2 times oversubscribed, with 650 e-applications received since Friday, 5 June.

Developed by Qingjian Realty (South Pacific) Group, the project comprises 512 units spread across eight blocks. Units range from three- to five-bedroom configurations.

Ecopolitan also features a “CoSpace” concept which offers the flexibility to combine both utility and study rooms into a wider, more useful space that can be used for various purposes.

“The enthusiasm from the home buyers over the past weekend has been very encouraging. CoSpace concept has been very well-received by home buyers and they are certainly inspired by the various lifestyles they can attain at Ecopolitan at different stages of their lives,” said Li Jun, General Manager of Qingjian Realty.

“The EC market has been very healthy and stable in the past three years. The new Monetary Authority of Singapore measures will provide a more complete system in monitoring property-related mortgages and its refinancing, which will better protect the needs of first-time home buyers.”

E-applications for units at Ecopolitan will close on 7 July, with bookings set to open on 3 August.

Source – PropertyGuru – 2 Jul 2013

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