Lake Life EC project breaks new ground with record-breaking number of e-applications

Over 1,200 applications have been received.

The Lake Life Executive Condominium project in Jurong Lake Estate is the first EC to be developed in the Western side of Singapore for 17 years. Though the development only has 546 units, Lake Life EC has already received over 1,200 e-applications only three days after it opened.

The project covers a total land area of more than 217,000 square feet, and has a maximum gross area of 60,000 square meters. It features five 20-storey buildings.

The surprising number of e-applications is surprising given the country’s tight property market. With prices ranging from $880 to $890 per square foot, its developer Evia Real Estate noted that a third of applicants are first-time homebuyers attracted to the project’s price and location.

The developer for the executive condo, Evia Real Estate, is made up of a group of companies which consist of OKP land, BBR Development and CNH Investment.

BBR Development, has a 35% shareholding interest and is the company’s main shareholder. Evia holds a 30% share interest in the company. CNH Investment has 15% of its share to its interest while OKP Land and Ho Lee Group will each hold the remaining 10% shareholding interest. 

E-applications for the project will close on October 12, while booking will begin on November 8.