People who had registered an interest in the homes were given a chance to reserve one of the properties on Friday and in just a few hours, 80% of the 145 houses available in the first phase were taken.
Developer City Legacy said staff were overwhelmed by demand for the houses and flats in the east end of Glasgow.
A total of 300 homes will be available to buy with a further 400 being rented out by housing associations.
Joanne Casey, sales and marketing director of Mactaggart & Mickel Homes, which makes up part of the City Legacy consortium, said: "It has been years since the housing market has seen such an enormous level of interest in the launch of a new development. This is much more than a typical housing development. The village is a new destination in the east end of Glasgow.
"These affordable houses offer something quite unique - family living, set amongst green space, some homes with River Clyde views and yet only three miles from the city centre."
House prices range from approximately £75,000 for a one-bedroom apartment up to £200,000 for a four-bedroom detached house.