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SG Woodlands EC project oversubscribed 2.3 times

Property Here - Monday, April 22, 2013

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By Nikki De Guzman:

Twin Fountains, a new executive condominium (EC) jointly developed by Frasers Centrepoint and Lum Chang, has received overwhelming response from buyers, with over 955 applications at the end of the e-application process yesterday.  

This means the project was 2.3 times subscribed, based on the 418 units released for sale.

“We are encouraged by the strong response as it goes to show that there is indeed pent-up demand for EC homes in Woodlands, especially from upgraders,” said Cheang Kok Kheong, CEO of Frasers Centrepoint Homes.

Around 34 percent of applicants were first-time buyers, while second-timers accounted for the remainder. 

Comprising 418 units in eight 14-storey blocks, it is the first EC launched in Singapore this year and at the Woodlands area since 2005. 

Set to be completed in October 2016, Twin Fountains features a variety of units including two-bedroom suites, three- and four-bedroom apartments and a mix of TRIO (dual-key) units. Prices start from S$580,000.

Successful applicants can visit the showflat at the junction of Woodlands Avenue 6 and Woodlands Drive 16 on 11 May to book units.

Image: Artist's impression of the Fountain Villa (TRIO unit) at Twin Fountains

 

Nikki De Guzman, Junior Reporter at PropertyGuru, wrote this story. To contact her about this or other stories email nikki@allproperty.com.sg