General Announcement::Overwhelming Response to Wandervale by Sim Lian Group

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
28-Feb-2016 17:54:58
Status
New
Announcement Sub Title
Overwhelming Response to Wandervale by Sim Lian Group
Announcement Reference
SG160228OTHRFVHU
Submitted By (Co./ Ind. Name)
KUIK SIN PIN
Designation
GROUP CEO
Description (Please provide a detailed description of the event in the box below)
Following another wave of visitors to Wandervale showflat on the second weekend since E-application opened on 18 February 2016, Mainboard listed Sim Lian Group Limited today announced that it has received 750 E-applications for the 534 units available as at 5.00 pm. It is more than 40 per cent oversubscribed and the application period closes today. The balloting and booking date for Wandervale is 5 March 2016.

Larger units, namely the three-bedroom premium and four-bedroom units, were the more popular options amongst potential homebuyers.

Competitively priced at approximately S$750 to S$770 psf on average, Wandervale showflat saw more than 5,000 visitors days with potential homebuyers attracted by its ideal location, spacious units and overall design of the project. There was a balanced mix of first-time homebuyers and second-time homebuyers, primarily HDB upgraders, at the showflat.

Please refer to the attached media release for more information.

Attachments

SimLianGroupOverwhelmingResponsetoWandervalebySimLianGroupFINAL1.pdf
Total size =133K