During the first weekend launch, MCL Land managed to sell 436 units or 60 percent of 710 units at Lake Grande. Buyers paid an average price of $1,368 psf for the units. Singaporeans accounted for 17 out of every 20 buyers. Two weeks later on National Day, the developer has moved a total of 470 units. Sales has slowed down significantly since then. According to the URA records, 483 units or 68 percent were sold as of today. The sales performance is a far cry from MCL Land’s launch of the 738-unit J Gateway on 28 June 2013, when buyers jumped on the Jurong Lake District bandwagon and submitted 1,400 blank cheques for balloting. The project was sold out on the first day of launch with the ‘lucky ones’ forked out $1,400 to $1,800 psf for their units – only to have the government’s Total Debt Servicing Ratio thrown in ......