Tag Archives: Lum Chang

Twin Fountains’ $1.64m penthouses sold out

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.
Source : GURU – 13 May 2013

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Woodlands EC project oversubscribed 2.3 times

Twin Fountains, a new executive condominium (EC) jointly developed by Frasers Centrepoint and Lum Chang, has received overwhelming response from buyers, with over 963 applications at the end of the e-application process yesterday.

This means the project was 2.3 times subscribed, based on the 418 units released for sale.

“We are encouraged by the strong response as it goes to show that there is indeed pent-up demand for EC homes in Woodlands, especially from upgraders,” said Cheang Kok Kheong, CEO of Frasers Centrepoint Homes.

Around 32 percent of applicants were first-time buyers, while second-timers accounted for the remainder.

Comprising 418 units in eight 14-storey blocks, it is the first EC launched in Singapore this year and at the Woodlands area since 2005.

Set to be completed in October 2016, Twin Fountains features a variety of units including two-bedroom suites, three- and four-bedroom apartments and a mix of TRIO (dual-key) units. Prices start from S$580,000.

Successful applicants can visit the showflat at the junction of Woodlands Avenue 6 and Woodlands Drive 16 on 11 May to book units.

Source : PropGuru – 22 Apr 2013