Jointly developed by Frasers Centrepoint and Lum Chang, the development comprises 418 units of which 289 were sold as of Saturday. Buyers showed keen interest for the four-bedroom, dual-key units priced at around S$1.13 million to S$1.25 million.
Location may have also been another key selling point, with the upcoming Woodlands South MRT station and Woodlands Regional Centre expected to boost the value of homes in the project.
Meanwhile, first-time buyers accounted for 39 percent of the applicants, while the remainder were HDB upgraders.
"It is extremely encouraging to see that nearly 70 percent of the units have been booked on the first day of our launch," said Cheang Kok Kheong, Chief Executive at Frasers Centrepoint Homes.
Twin Fountains is the first EC launched for sale this year. It is set to obtain TOP by October 2016.