Woodlands exec condo starts from $660 psf

Woodlands exec condo starts from $660 psf

SINGAPORE - Frasers Centrepoint and Lum Chang have launched Twin Fountains, an executive condominium (EC) in Woodlands.

Located at the junction of Woodlands Avenue 6 and Woodlands Drive 16, the 99-year, 418-unit development comprises eight 14-storey blocks.

The available units range from two-bedroom to four-bedroom (Trio Deluxe), with two additional penthouse units. About 53 per cent, or 221 units, are three-bedders.

Units are priced from $580,000 for an 828 sq ft, two-bedroom unit to $1.26 million for a 1,593 sq ft, four-bedroom (Trio Deluxe) unit. They are priced between $660 psf and $790 psf. Frasers Centrepoint declined to give the price breakdown for each unit type, but said that floor level and orientation influenced a unit's price.

Ong Kah Seng, director of R'ST Research, said that Twin Fountains' pricing, especially for ordinary-sized EC units under $750 psf, will be attractive to buyers. He noted that transactions this year at La Casa, another Woodlands EC, averaged $760 psf, though these were resales.

Twin Fountains is situated near the Woodlands and Admiralty MRT stations.

It will be an eight-minute walk from the Woodlands South MRT station, part of the upcoming Thomson Line, when it is completed. The site is also near the Seletar and Tampines expressways, as well as the future North South Expressway.

The EC is expected to receive its Temporary Occupation Permit in October 2016.

Frasers Centrepoint and Lum Chang won the EC site last October with a bid of $150.18 million, or $302 psf ppr.

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