On Nov 12, joint venture partners and land developers of Parc Botannia, Sing Holdings and Wee Hur Holdings, declared that 230 units are sold to the first weekend of its own launching. The cost of units sold was $1,270 psf.
The spouses had introduced 250 units in the initial stage. According to sources, over 500 cheques were obtained since expressions of interest before the launching weekend. As a result of overwhelming demand, units needed to be marketed by balloting on Nov 11 ran by exclusive marketing representative Huttons Asia.
Parc Botannia contains 735 units spanning four 22-storey blocks. Apartments are a broad mixture, ranging from 431 sq feet to get a two-bedroom apartment to 1,679 sq feet for a five-bedroom unit. According to Lee Sze Hao, CEO of Sing Holdings, the very well-known units were the one-bedroom and five-bedroom units, which proves that the job has drawn interest from a broad range of investors and owner occupiers.
The project sits on a 99-year leasehold website using a land area of 185,095 sq feet in Fernvale, situated adjacent to the Thanggam LRT station, only a couple of stops by the Sengkang MRT station. The developers will also be in charge of developing a new 100,000 sq ft park adjoining to Parc Botannia, which is passed over to National Parks Board to handle upon completion. Wee Hur, that holds a 30% stake in the joint venture, will be handling the building of this undertaking.
According to Sing Holdings’ Lee, Parc Botannia has drawn strong buyer interest because there has not been a new personal condominium launch in the area since High Park Residences just two decades ago The High Park Residences that were 1,390-unit is situated just across the street from Parc Botannia.