General Announcement::More Than 2.1 Times Subscribed Treasure Crest by Sim Lian Group - Average price S$742psf

Issuer & Securities

Issuer/ Manager
SIM LIAN GROUP LIMITED
Securities
SIM LIAN GROUP LIMITED - SG1J19886816 - S05
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
13-Jul-2016 17:39:28
Status
New
Announcement Sub Title
More Than 2.1 Times Subscribed Treasure Crest by Sim Lian Group - Average price S$742psf
Announcement Reference
SG160713OTHRQ1Z2
Submitted By (Co./ Ind. Name)
Ang Lay Hua
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Mainboard listed Sim Lian Group Limited today announced that the average price for Treasure Crest is S$742 psf, making it amongst the most competitively priced executive condominiums currently available in the market today. Prices start from S$649,000 (S$677 psf) for a three-bedroom unit.

Balloting and booking will take place at the Treasure Crest sales gallery, which is located at Anchorvale Crescent, on Saturday, 16 July 2016.

Successful e-applicants are required to drop their ballot tickets from 10am to 11am at the sales gallery to establish their queue position to book a unit. Members of the public without e-applications may book a unit from 4pm onwards, on a first-come-first-serve basis. A second-timer quota of 30% for the units applies and will be lifted on 16 August 2016.

The 504-unit development is more than 113 per cent oversubscribed, having received a total of 1,077 e-applications within the 10-day e-application period which ended on 10 July 2016. More than 4,000 people visited the sales gallery over the same period with more interested parties continuing to make visits ahead of the booking day this Saturday.

Please refer to the attached media release for more information.

Attachments

160713_SimLianGroup_TreasureCrest_Amongst.Most.Competitively.Priced.EC.in.Singapore.pdf
Total size =68K