25% of Qingjian’s EC sections sold at weekend launch

Qingjian Realty (South Pacific) Group sold 25 per cent or 158 units of its executive condominium project in Sembawang, The Visionaire, during the first weekend of launch.

Those with “smart home” package were sold at an average of S$811 per square foot (psf). Close to 70 per cent of the buyers opted for the package, while the rest who opted out were given price cuts of S$6, 500 to S$8, 000 depending on the unit size. More than 60 per cent of the buyers were first-timers.

Qingjian Realty general manager Li Jun said that such a high take-up rate for the “smart home” package among price-sensitive executive condominium (EC) buyers demonstrate readiness of Singaporeans to take on “smart” living.

“With your partnerships along with the systems integrators and technological know-how companies currently in place, we all will riding on these synergy effects to reach out to your other householders who also can want to be quick adopters of ‘smart’ living, ” the guy said.

The group initializes rolling away “smart home” packages pertaining to homeowners in any respect its residence and account manager condominium plans that have received temporary guests permit (TOP), including Riversound Residence and River Isles, as well as for recent launches which includes Bellewaters and Bellewoods. They will be available for upcoming commences.

Qingjian acquired earlier received an astounding 859 number of e-applications, however. Writing comments on the change rate and sales, Mister Li reported these were “satisfactory and inside expectations” given that current market circumstances.

He were feeling that this can be comparable to Brownstone, an next 638-unit assignment by Location Developments the fact that sold a few 185 sections or regarding 29 % during it has the weekend establish.

Mr Li believes the fact that some prospective leads are adopting a wait-and-see approach given the looming launch of another EC project in Sembawang, Parc Life by Frasers Centrepoint Limited (FCL) and Keong Hong Holdings.