CSC Land aims high with Twin VEW

/ EdgeProp
April 24, 2018 9:00 AM SGT
CSC Land Group, the development arm of China State Construction Engineering Corporation (CSCEC), is the new kid on the block. But that has not deterred it from setting its sights high with its first residential development in Singapore, Twin VEW on West Coast Vale.
“We want to set a benchmark for ourselves in creating quality homes for Singaporeans,” says a CSC Land spokesperson. “Twin VEW is our flagship project and our intention is to exceed homebuyers’ expectations.”
The 520-unit, 36-storey twin towers of Twin VEW at West Coast Vale (Credit: CSC Land)
With Twin VEW, CSC Land is focused on providing homeowners with a higher standard of living. “Unlike other condominiums in the vicinity, Twin VEW offers a unique positioning of space, design and quality that are collectively compelling for homebuyers who desire space and good views,” says Alice Tan, head of consultancy and research at Knight Frank Singapore.
Designed by P&T Consultants, Twin VEW is a 99-year leasehold project with 520 residential units that sits on a land area of 176,293 sq ft. It has a wide mix of units that range from one- to four-bedroom units to penthouses. One-bedroom units start from 484 sq ft and are priced from $650,000. Two-bedroom units start from 710 sq ft and are priced from $898,000. Three-bedroom units start from 904 sq ft and are priced from $1.18 million, while four-bedroom units start from 1,238 sq ft and are priced from $1.55 million.
The master bedroom of a four-bedroom unit at Twin VEW (Credit: Albert Chua/ The Edge Singapore)
Apart from creating quality homes, Twin VEW is likely to set a new high for property prices in the Jurong area. Property agents are indicating that Twin VEW’s prices could average $1,300 to $1,400 psf.
“Coupled with the recovering demand for private homes islandwide and the rising price trend, the potential for Twin VEW to set new benchmark prices in the area is positive,” says Knight Frank’s Tan. Knight Frank is forecasting a 7%-to10%...