General Announcement::Strong Demand for Wandervale by Sim Lian Group with Four-bedroom Units First To Be Sold Out

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 19-Apr-2016 18:40:35
Status: New
Announcement Sub Title: Strong Demand for Wandervale by Sim Lian Group with Four-bedroom Units First To Be Sold Out
Announcement Reference: SG160419OTHRQF9U
Submitted By (Co./ Ind. Name): Kuik Sin Pin
Designation: Group CEO
Description (Please provide a detailed description of the event in the box below): The Board of Directors of Sim Lian Group Limited refers to the announcements dated 17 February 2016, 28 February 2016 and 2 March 2016 relating to the Wandervale Executive Condominium at Choa Chu Kang Ave 3 and wishes to provide a sales update.

Approximately 60 per cent of the 534-unit development has been booked as at 19 April 2016 despite the challenging economic environment. Of the 320 units sold to date, approximately half were booked by HDB upgraders. Another 20 per cent of the current Wandervale homebuyers made their purchase under the Fiance /Fiancee Scheme .

Larger units remain the most popular option amongst HDB upgraders and young families. The 82 four-bedroom units were the first to be completely sold, with HDB upgraders making up the majority of homebuyers of these units. The quota for second-time homebuyers was also lifted on 5 April 2016, a month after balloting and booking began on 5 March 2016.

Please refer to the attached press release for more information.

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