Twin Fountains EC launch at Woodlands

Twin Fountains EC launch at Woodlands

SINGAPORE - The first executive condominium (EC) of the year is being launched in Woodlands today.

Units at Twin Fountains are priced from $580,000 for a two-bedroom suite to $1.26 million for a four-bedroom dual-key unit, with prices ranging between $660 and $790 per sq ft (psf).

The project has 418 residential units across eight 14-storey blocks and is due for completion in October 2016, said its joint developers Frasers Centrepoint and Lum Chang in a statement on Tuesday.

They won the site for about $150 million, or about $302 psf per plot ratio (ppr) last October.

DWG senior manager Lee Sze Teck said he expected "very strong" demand for units at Twin Fountains, particularly its 104 dual-key units.

He pointed out that Twin Fountains and the upcoming Forestville would be the only EC projects this year to escape a ruling on the purchase of dual-key units that kicked in on Jan 12.

Sales of new dual-key EC units will be restricted to multi-generational families for the rest of the EC projects this year and onwards. Dual-key units have two entrances.

Frasers Centrepoint Homes chief executive Cheang Kok Kheong also cited pent-up demand for ECs in the area. No EC has been launched in Woodlands since La Casa in 2005.

Purchase this article for republication.

BRANDED CONTENT

SPONSORED CONTENT

Your daily good stuff - AsiaOne stories delivered straight to your inbox
By signing up, you agree to our Privacy policy and Terms and Conditions.