Property RAR
Singapore Property - Contact us @ +65 9878 4688 or +65 90093586 right now
  • Home
  • About Us
    • Buying
    • Selling
    • Renting
    • Partners
  • Properties
    • La Fiesta at Seng Kang
    • La Fiesta @ Seng Kang
    • Nine Residences and Junction 9 at Yishun >
      • Nine Residences and Junction 9 at Yishun Floorplan
    • Hexacube Singapore Commercial at 160 Changi Road AIA >
      • Hexacube Singapore Commercial at 160 Changi Road AIA Floor plan
    • NorthPark (Northpoint) Residences Yishun Central MRT
  • News
  • Contact Us

Twin Fountains' $1.64m penthouses sold out

12/5/2013

0 Comments

 
www.propertyguru.com.sg | 12 May 2013
The Twin Fountains executive condominium (EC) in Woodlands has seen strong interest from buyers, with the only two available penthouses sold for S$1.64 million each. Aside from both units which are vast – measuring 2,207 sq ft, 104 dual-key units were also snapped up, The Straits Times reported.

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.
According to the report, the dual-key units at Twin Fountains were exempt from January's new regulations which limits the sale of such homes to multi-generational families, hence the strong response.

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.
0 Comments



Leave a Reply.

    Singapore Property News

    Singapore Property News.
    Do note that the news posted are representations from Singapore local sources and do not represent the views of R&R Real Estate Services. However, you are invited to comment and engage a discussion with us, should you have any views that you want to share.

    Archives

    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013

    Categories

    All
    Commercial
    Condominium
    Cooling Measures
    Council For Estate Agencies
    Developer
    Executive Condominium
    Foreigners
    Gdp
    Good Class Bungalow
    Government Policies
    HDB
    Industrial
    Interest Rate
    Mixed Development
    New Launches
    Permanent Residents (PR)
    Private Homes
    Singapore Land For Sale
    South East Asia
    Total Debt Servicing Ratio

    RSS Feed


Powered by Create your own unique website with customizable templates.
Copyright 2012-2014 PropertyRAR, R & R Real Estate Services Singapore Property. All rights reserved.