SINGAPORE (EDGEPROP) - On Oct 18, Twin VEW won two titles at the EdgeProp Singapore Excellence Awards 2019, which recognises esteemed projects in the industry.
The honours were in the Top Development and Marketing Excellence categories, a testament to the strength of CSC Land Group’s maiden residential development in Singapore. The group is the development arm of China State Construction Engineering Corp.
Twin VEW, on West Coast Vale in District 5, was in fact launched to warm reception last year. During the launch weekend of May 5 and 6, 2018, sales hit 85%, with 442 out of a total of 520 units sold. The average price of units sold was $1,399 psf.
Designed by P&T Consultants, Twin VEW is a 99-year leasehold project that sits on land spanning 176,293 sq ft. When completed in 2021, it will offer a mix of one- to four-bedroom units and five-bedroom penthouses. There will also be a childcare centre and two shops on the premises.
Twin VEW is positioned so that residents can enjoy views of its surroundings. The two 36-storey residential towers are north-south facing, angled to “capture the breathtaking views of the Pandan River”, comments the developer. Future residents can also look forward to views of Pandan Reservoir and the Jurong Lake District, Singapore’s second CBD.
The towers are intentionally elevated 9m from the ground to allow for expansive views. An environmental deck on the ground floor will be planted with lush greenery, giving the illusion that the building is floating above the greens, says CSC Land.
The two towers will also be dressed with timber crowns, which the developer has described as lanterns. “This visual feature offers a subtle break from the regularity of the straight block,” it adds.
Twin VEW’s landscape design is inspired by rice terraces, cascading waters and river valleys to give residents a tranquil and relaxed environment. The sky decks on the topmost floor – with spaces for lounging, stargazing and grill facilities – will give homeowners a space for gatherings. The more active can also utilise the 50m lap pool, tennis court and gym.
CSC Land clinched the site in February 2017 at $292 million or $592 psf per plot ratio (ppr). One of the few Chinese developers to make inroads into Singapore’s residential property with aggressive bids for government land, CSC Land beat eight other bidders – including fellow Chinese developers MCC Land (which bid $587 psf ppr for the land parcel) and Nanshan Group.
Twin VEW is near the International Business Park and is a five-minute drive to Jurong Lake District. Amenities there include Jurong Lake Gardens, and malls like JCube, Westgate and JEM. The development is also a 20-minute drive to the CBD via the West Coast Highway.
To date, the latest transaction at Twin VEW is for a 1,249 sq ft unit on the 26th floor, which was sold for $1.85 million ($1,482 psf) on Aug 7. This was preceded by a 1,184 sq ft unit on the 23rd floor, which was sold for $1.71 million ($1,443 psf) on May 25. The highest psf price achieved to date at the development is $1,726 for a 484 sq ft unit on the 35th floor. This unit was sold for $836,000 in May 2018. As at Oct 23, there have been 456 transactions at Twin VEW, based on caveats lodged with the URA.
For price trends, recent transactions, other project info, check out Twin VEW project research page
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