From another forum:
25% of Qingjian's EC units sold at weekend launch
Frasers Centrepoint's Parc Life EC receives more than 700 e-apps
By Lynette Khoo
lynkhoo@sph.com.sg
@LynetteKhooBT
Apr 26, 2016
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 show the readiness of Singaporeans to adopt "smart" living.
"With our partnerships with the systems integrators and technology companies already in place, we will ride on these synergies to reach out to our other homeowners who may also want to be early adopters of 'smart' living," he said.
The group will start rolling out "smart home" packages for homeowners at all its condominium and executive condominium projects that have received temporary occupancy permit (TOP), including Riversound Residence and River Isles, as well as for current launches including Bellewaters and Bellewoods. They will also be available at upcoming launches.
Qingjian had earlier received an astounding 859 number of e-applications, however. Commenting on the conversion rate and sales, Mr Li said these were "satisfactory and within expectations" in view of current market conditions.
He felt that this is also comparable to Brownstone, an adjacent 638-unit project by City Developments that sold some 185 units or about 29 per cent during its weekend launch....