F&N / Lum Chang

F&N / Lum Chang: Esparina Residences at Sengkang will be the first executive condo (EC) development to be offered to home buyers since end 2004. Demand is proving to be strong, with developer FCL Compassvale having received close to 1000 applications for the 573-unit project. FCL Compassvale is 80% owned by F&N, 20% owned by Lum Chang. Lum Chang is also the main contractor for the construction project valued at $119m.