BY FELDA CHAY | PUBLISHED JUNE 29, 2013 | BT

ALL of the 738 units at 99-year leasehold J Gateway were snapped up at the development’s preview yesterday, as buyers sought apartments at the first condominium to be launched near Jurong East MRT station in 10 years.

The robust sales came right before the Monetary Authority of Singapore’s announcement yesterday evening that tightened rules for property loans, which take effect today.

BT understands that bankers were scrambling late yesterday to clear the loans that buyers will need to fund their J Gateway purchase. Said a source last night: “We are rushing out the paperwork now.”

http://www.businesstimes.com.sg/premium/wealth/others/j-gateway-preview-all-738-units-sold-20130629