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Published January 26, 2012

More property launches on the way

Developers cashing in on current strong home buying momentum

By KALPANA RASHIWALA


A STRING of property launches are just around the corner as developers cash in on the current strong home buying momentum created by the release of Watertown condo in Punggol.


Two to look out for: The Tampines Trilliant executive condo (above) is scheduled to be rolled out later this week while the Twin Waterfalls EC is expected to go on the market next month

These include Parc Rosewood in Woodlands and The Tampines Trilliant executive condo (EC), which are scheduled to be rolled out later this week.

Another EC project, Twin Waterfalls near Punggol MRT Station, is expected to go on the market next month. Market watchers are also awaiting the release of The Bartley Residences, a 702-unit, 99-year leasehold private condo next to Bartley MRT Station.

This week, Fragrance and World Class Land are slated to release Parc Rosewood along Woodlands Avenue 2/Rosewood Drive. The average price for the five-storey, 99-year private condo is expected to be slightly above $1,000 psf. The project's 689 units will be mostly one and two bedders, although the condo will also include some three bedders. One-bedders start from 431 sq ft.

Word on the street is that starting prices will be nearly $400,000 for one-bedders, close to $570,000 for two bedders and slightly below $800,000 for three bedders.

Sim Lian's EC project The Tampines Trilliant is a stone's throw away from the upcoming Tampines Station on the Downtown Line. It will have 670 units in 12 blocks of 15 and 16 storeys. Sources suggest e-applications could begin as early as tomorrow . Pricing has yet to be finalised.

The majority of units will be either three bedders (127 units of between 872 sq ft and 1,141 sq ft) or three-bedroom-plus-utility units (397 units of 1,001-1,378 sq ft). Remaining units are either four bedders (1,302-1,593 sq ft) or penthouses.

Frasers Centrepoint's Twin Waterfalls EC in Punggol will comprise 728 apartments in 17-storey blocks. Market watchers expect the average price to be slightly more than $700 psf. Apartment sizes range from 914 sq ft for a three-bedroom compact unit to 1,378 sq ft for a four-bedroom dual key unit. There will also be penthouses of up to 1,928 sq ft.

The group also has a 99-year private condo slated for release later this quarter or in early Q2 - Palm Isles at Flora Drive in the Upper Changi area. The seven-storey development will have about 450 units. Analysts reckon the average price could be around $900-950 psf.

Far East Organization is gunning to launch two projects by the second quarter - Greenwood Mews, a 62-unit cluster housing development on a 103-year leasehold site in the Bukit Timah vicinity, and Hillsta, a 416-unit condo project on a 99-year plot in Choa Chu Kang.