North Gaia EC sees 3,700 visitors on preview weekend

SINGAPORE (EDGEPROP) – Limited supply is an additional factor, with fewer than 15 units left unsold from the existing stock, explains Gafoor. There are only two EC projects that have remnant units up for sale. The 413-unit Provence House at Canberra Crescent, which was launched in May last year, has just three unsold units. At Parc Greenwich on Fernvale Lane in Seletar Hills, only 10 of the 496 units in the EC property remain unsold.

” The last time we saw such groups was three years back in the pre-Covid period,” says Doris Ong, deputy CEO of age Singapore. “A lot of individuals haven’t seen showflats in a long period of time,” she adds.

Like Provence Residence as well as Parc Greenwich, North Gaia lies in the northern area. What’s even more, the last new launch of an EC task in Yishun was in 2015, says Mark Yip, Chief Executive Officer of Huttons Asia. “Buyers are therefore excited to see what the initial EC launch in 2022 is offering,” he includes.

The easing of the risk-free management procedures permitting an utmost ability of 1,000 people in a builder’s job sales gallery was “prompt”, mentions Ken Low, taking care of companion of SRI. “It caters to the arising demand for EC and the strong characteristics of North Gaia,” he states.

The first executive condominium (EC) of 2022, North Gaia, opened its sales gallery as well as showflats for public viewing last weekend. The sales gallery at Canberra Link drew regarding 2,000 guests by the close of Saturday, and one more 1,700 on Sunday. This brings the tally of guests over the end ofthe week of April 9-10 to 3,700.

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The relaxation of risk-free management actions for builders’ sales galleries has actually enabled more potential buyers to check out the showflats. At North Gaia, viewings were still carried out by-appointment only. This was done to ensure the safety and security of viewers, says Sharlin Tan, head of marketing and sales at Sing Holdings. “Viewing appointments were established at numerous intervals to give us time to sanitise the sales gallery,” she discusses.

Ismail Gafoor, Chief Executive Officer of PropNex does not see the strong turnout as “return home buying” following the easing of limitations. “We knew this was mosting likely to be the hottest-selling project of 2022,” he states. “With the latest EC land proposals going across $660 psf per plot ratio, the approaching jobs will certainly be gone for greater rates. We therefore look forward to strong interest due to bottled-up demand for ECs.”

The 616-unit North Gaia at Yishun Close opened for e-application on April 7, and also will be released for sale on April 23. “We are very encouraged by the strong rate of interest in our task,” remarks Lee Sze Hao, CEO of Sing Holdings, the builder of North Gaia.

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