From Business times via another forum:
FCL launches new executive condo in Sembawang
By Grace So
graceso@sph.com.sg
Apr 14, 2016
DESPITE upcoming supply, Frasers Centrepoint Limited (FCL) is not concerned about the executive condominium (EC) market, proceeding with the launch of its latest project, Parc Life, at an average price of S$770 to S$800 per square foot (psf).
"We believe there is healthy demand from HDB homeowners who have achieved the minimum occupation period (MOP) and are looking to re-invest or upgrade," said Cheang Kok Kheong, chief executive officer of development and property at FCL.
Mr Cheang added ECs are also appealing to the first-time buyers, especially young couples who are setting up their first home, because of their potential for capital appreciation after the five-year MOP.
Parc Life comes with a full suite of facilities usually available at private condominiums, including a 50-metre-long infinity pool overlooking Canberra Park, eight spa areas, gymnasium, foot reflexology corner, tennis court and even a pet pavilion for residents to groom their pets.
The EC is next to the newly revamped Canberra Park, and a mere five-minute walk to the Sembawang Integrated Hub which comprises Sembawang MRT Station, Sembawang bus interchange and the Sun Plaza mall.
The project consists of 11, 15 and 16-storey blocks, and a total of 628 units, with the same number of parking lots and an additional five handicap lots.
Units at Parc Life feature FCL's signature Verandah, Vista and Viva layouts.
Verandah units have an alfresco layout that features a seamless transition between the living room and kitchen. The Verandah layout comes in three-bedroom units, which range in size from 980 to 1,055 sq ft, and four-bedroom units, which are 1,281 sq ft.....