The Executive Condominium (EC) project, Lake Life, in Jurong saw great demand with 95% of units sold on the first day of sales on Saturday.
A total of 521 units were sold from the 546 unit development.
The strong sales make this project about the best of all the launched since June last year when the government introduced the cooling measure of the Total Debt Servicing Ratio.
The managing partner of Evia Real Estate, which is leading the development said that the strong demand is probably thanks to the prime location and active living concept.
The prices for the condo ranged from $799 psf to $984 psf with three-bedroom premium units being the most expensive.
This EC is also the first to be built in Jurong in 17 years but was highly anticipated to be a big hit thanks to the fact that Jurong will be the next big hub of Singapore.
Another EC project is currently under construction at Westwood Avenue near NTU and this one will be released around the middle of next year.