Homes in the west see healthy buyer demand

By EdgeProp Team / EdgeProp | October 20, 2018 8:00 PM SGT
Twin Vew, on West Coast Vale, comprises 520 units across 36 storeys (Credit: Albert Chua/ The Edge Singapore)
Since development plans were announced in 2008 for Jurong Lake District to become Singapore’s second CBD, there has been healthy interest in homes located in the west. Take, for example, Twin Vew on West Coast Vale, which is a four-minute drive from Jurong Gateway, the new CBD. The development saw 442 out of a total of 520 units sold over its launch weekend in May, at an average price of $1,399 psf. So far, prices at Twin Vew have averaged $1,382 psf. There are only 66 units left for sale at the development.
Meanwhile, adjacent to Twin Vew is Parc Riviera, which was launched for sale in November 2016. Less than a year from its launch date, the 752-unit condo was fully sold by mid-September last year. Prices at Parc Riviera have averaged $1,222 psf.
Over the weekend of Oct 20, a new project will open for preview: City Developments’ (CDL) 761-unit Whistler Grand on West Coast Vale, located just across the road from Twin Vew. Offerings range from one- to five-bedroom units, from 441 to 1,442 sq ft. There will also be two five-bedroom penthouse units.
Alvin Tan, executive director and head of project marketing for PropNex International, believes homebuyers will be drawn to the “efficient” layout of the units. “[CDL] fully utilised and designed the spaces such that the units appear larger than what they are,” he says. Besides this, Whistler Grand will be designed with modern architectural finishes, such as full-glass cladding. “The development looks pretty similar to one that you would expect from an upscale condo in District 3,” Tan adds.
Property consultants expect the launch prices for Whistler Grand to rival those at Twin Vew and Parc Riviera. Tan expects, however, that absolute prices for units at Whistler Grand will be lower than for Twin Vew, as unit sizes at the former are smaller.
Meanwhile, a two-bedroom unit on the 20th floor of J Gateway changed hands for $1.15 million ($1,908 psf) on Oct 1. The 738-unit condo is a seven-minute drive from Whistler Grand and centrally located in Jurong Gateway. When...