I followed some friends to an Executive Condominium showflat on Good Friday. Sited in Punggol, it has drawn quite a lot of attention. In fact it was almost sold out, with a few scraps now left for those late to the party.
So things that picked at my interest:
- The model of the blocks with fake trees and toy cars had two blocks out of the six missing from obvious representation. They were marked as flat rectangular shapes on the plan. The attending sales rep said that the blocks were removed to give a complete view of the estate. Ironic.
- The minimum number of bedrooms available is 3. No studio, no mickey mouse flats. Target audience is clear: families or couples intending to have a few little monsters. They even had 3-bedroom units with a roof terrace. Posh.
- I was especially interested in the dual-key units. A sort of studio apartment with bath and kitchen attached to the main unit, with separate doors from a common entrance. The sales rep indicated that couples with parents or those keen to make some rental income were purchasers of the single stack of 4-bedroom dual-key units. In fact, he was surprised at the demand, they all sold out quickly. I think the developer would have more of these huge units if they knew better. They're expensive.
- There isn't any ethnic quota for ECs. In all likelihood, these gated compounds would turn into Chinese only ghettos. It's kinda sad. Upper middle class, hanging out by themselves, breeding elitism, taunting the neighbourhood with swimming pools and tennis courts. Sort of bothers me.
- Payment - it starts immediately. From low amounts in the few hundreds and upon TOP it goes into the low thousands.
Well then. I ain't getting one anyway. Good to know what's going on.
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