Most probably this line will extend to join haw par villa mrt next time to serve west coast community.
Strong take-up of Twin VEW apartments
May 7, 2018
CSC Land's West Coast Vale project fetches average price of $1,399 psf, with 85% snapped up
Annabeth Leow
CSC Land Group saw a "strong response" at the weekend launch of Twin VEW in West Coast Vale, the Chinese developer's head honcho has said.
Buyers snapped up 442 of the condominium's 520 apartments - including four of its six penthouses - for a take-up rate of 85 per cent.
They coughed up an average sales price of $1,399 per sq ft (psf) for the 99-year leasehold development, which is expected to be ready by the fourth quarter of 2021.
Just down the road, EL Development's Parc Riviera debuted at an average of $1,150 psf in late 2016.
CSC Land chairman Li Xiao Qian said in a media statement: "We are very encouraged by the strong response this weekend...
"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."
Two 36-storey towers will house one-to four-bedders from 484 sq ft to 1,518 sq ft, as well as the penthouses. Indicative prices started at $650,000 for a one-bedroom apartment.
Promotional materials have also advertised two shops and a childcare centre on site, along with "sky terraces" and other amenities such as swimming pools and a gym.
Twin VEW is the maiden residential project from CSC Land. Its parent, construction juggernaut China Construction (South Pacific) Development, paid $592 psf per plot ratio (ppr) for the site in a nine-way fight last year.
Most of the home buyers at Twin VEW's launch were Singapore citizens and permanent residents, with nine units bagged by foreign nationals from China, Indonesia and Europe.
ERA property agent Jason Chen, who said he has sold two one-bedroom units, noted the project's proximity to both the Jurong Lake District and the planned Kuala Lumpur-Singapore high-speed rail's terminus.
"One other selling point is that an adjacent land parcel was bought by City Developments Ltd (CDL) for about $200 higher" on a unit basis, Mr Chen added.
CDL paid $800 psf ppr for a West Coast Vale site at a state tender in January. CSC Land was the runner-up in that auction.
Mr Nicholas Mak, ZACD Group's research head, said at the time that CDL "would need to launch the residential units at above $1,400 psf to make decent profit".
Mr Chen said the higher price tag for the recent parcel might have induced bargain hunters to snap up Twin VEW units while they could.
Industry watchers are expecting at least 12,000 new private homes to be sold islandwide this year, excluding executive condominiums - up on the 10,566 units moved last year.
Ms Tricia Song, the Singapore research head for Colliers International, last month said stronger new launch prices have "continued to affirm the resilience in mass market residential segment".
454 units sold at a weighted average price of 1380psf.
Another consideration is total quantum rather than psf.
I believe those two mentioned (Carabelle is 999 LH), the base price will be over 1.5mil based on their sizes. They may be good buys for longer term investment but not sexy enough because of quantum.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
i didn't notice the record psf for this project is > 1700psf lol.
TWIN VEW WEST COAST VALE Apartment 05 OCR 99 yrs lease commencing from 2017 New Sale 1 $836,000 - 484sq ft Strata 31 to 35 1,726psf May-18
but this record quantum set AFTER the cooling measures is simply mind-blowing:
TWIN VEW WEST COAST VALE Apartment 05 OCR 99 years leasehold New Sale 1 $3,278,000 - 2,088sq ft Strata 36 to 40 1,570psf Aug-18
the 2088sq ft includes some airspace i think.
Twin Vew buyers who FOMO prepare to get rekt. Whistler grand (nearby) selling cheaper yo
the average price based on the 454 caveats is 1382psf. Whistler Grand's launch announcement is 1380psf. However, the units are smaller which makes the quantum more affordable. agents would emphasise that this project will be one of the last with small units/small unit sizes in the west coast. twin vew land cost 500+psf. Whistler Grand's land cost 800psf. what the cooling measures has done is taken the bulk of developer profits to give to buyers. prices would have been at least 100psf more if not for the measures.