Thousands of buyers turned up for the balloting exercise at the showflat. (Photo: CSC Land)
CSC Land’s Twin Vew condominium in West Coast Vale sold 85 percent or 442 of the total 520 units during the weekend launch (5-6 Apr).
All unit types had a good take-up rate, including four penthouses sold. The average price of units sold was $1,399 psf.
Thousands of buyers turned up for the balloting exercise at the showflat, which saw a queue form as early as 8am on Saturday. This comes after a successful two-week preview period.
Sales was driven largely by strong demand from singles, young couples, families and multigenerational families, as well as investors drawn to the potential of the nearby Jurong Lake District, which will soon be developed into Singapore’s second central business district.
Around 83 percent of the buyers were Singaporeans, 15 percent were permanent residents, and the rest were foreign purchasers.
Twin Vew comprises 69 one-bedroom, 171 two-bedroom, 171 three-bedroom, 103 four-bedroom, and six penthouse units ranging from 484 sq ft to 2,088 sq ft. There will also be a childcare centre and two shops on site.
Early-bird prices for the one-bedders started from $650,000, two-bedders from $898,000, three-bedders from $1.18 million, and four-bedders from $1.55 million.
“We are very encouraged by the strong response. From this weekend’s sales figures alone, all unit-types have been very well-received, demonstrating the diversity offered by Twin Vew. We are confident that this momentum will continue,” said Li Xiao Qian, chairman of CSC Land.
The 99-year leasehold project is scheduled to be ready by Q4 2021.
According to PropertyGuru’s Property Market Outlook 2018 report, there could be as many as 16 to 22 major new launches this year, with launch prices expected to be at least 5.0 percent higher than in 2017.