65% of units sold on weekend launch of Parc Greenwich executive condominium in Fernvale Lane

The property market continues to attract buyers, with Parc Greenwich's latest executive condominium seeing strong sales during its launch weekend.

According to Frasers Property Singapore, 65 percent of units were sold - 322 of the total 496 available – Parc Greenwich land cost at an average of $1,200 per sqf (psf), as of Sunday (Sept 12).

The 99-year leasehold Parc Greenwich was jointly developed with CSC Land Group. It is located at Fernvale Lane, Yio Chu Kang Road. It is expected to be granted temporary occupation permits in 2024.

There are nine residential towers with 14-storey heights. There are a range of units sizes available, including apartments with two- to five bedrooms and penthouses with high ceilings.

Prices start at $895,000 for two-bedroom units, $1.05million for three-bedroom units, $1.38million for four-bedroom units, and $1.7million for five-bedroom units.

Frasers reported that 174 of 322 units were purchased by first-time buyers.

Second-time buyers bought 148 units, which is the 30 percent quota of all units in a development that can go to second-time purchasers at launch. The quota for second time buyers will increase one month after launch.

Parc Greenwich can be reached within a 10 minute walk of Fernvale LRT station. It is also near the North Coast Innovation Corridor, which stretches from Woodlands to Seletar, and Punggol, as well as the upcoming Punggol Digital District.

Ms Lorraine Shiow is acting chief operating officer for residential (Singapore), Frasers Property Singapore. She said that the company was encouraged by the positive response.

She said that home buyers are attracted by the project's extensive suite of facilities, as well as the high-quality amenities and fittings found in private condominiums.