Whistler Grand by CDL

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CDL's Whistler Grand to soon launch at average S$1,380 psfCITY Developments Limited (CDL)'s Whistler Grand condo at West...
27/03/2020

CDL's Whistler Grand to soon launch at average S$1,380 psf

CITY Developments Limited (CDL)'s Whistler Grand condo at West Coast Vale will go on sale at an average price of S$1,380 per square foot (psf), which the giant developer touts as the most affordable launch for the fourth quarter.

It will begin previews this weekend for the 716-unit development which spans 210,883 sq ft. The development comprises two 36-storey towers.

Special prices at the official launch will start from S$608,000 for one-bedders, S$792,000 for two-bedroom, S$1.198 million for three-bedroom, S$1.568 million for four-bedroom and S$1.788 million for five-bedroom, with typical unit sizes ranging from 441 square feet (sq ft) for a one-bedroom to 1,442 sq ft for the five-bedroom. There are also two five-bedroom flexi penthouses, and dual-key options for the three- and four-bedroom units are available.

The 99-year condo is in the vicinity of the Jurong Lake District, and four MRT stations: Jurong East MRT station (interchange station for the North-South and East-West MRT lines), Clementi MRT station (on the East-West MRT line), the upcoming Pandan Reservoir MRT station (on the Jurong Region MRT line) and a future MRT station (on the Cross Island MRT line).

80 per cent of the site area spanning the size of two football fields will feature landscaping and more than 60 recreational facilities.

Lee Mei Ling, CDL's head of property development, said she expects good take-up given its location and price.

She said in a statement: "Whistler Grand is one of the most anticipated launches. We have received keen interest for this project as it is the latest residential launch in West Coast. There is renewed buzz for this area in view of the masterplan for the upcoming Jurong Lake District. The vision to establish a new vibrant hub in this district has made West Coast one of the most exciting future-ready enclaves to live, work and play."

Other launches soon to come include Oxley Holdings' 548-unit Kent Ridge Hill Residences, Singapore Press Holdings and Kajima Development's The Woodleigh Residences next to Woodleigh MRT Station.

source : The Business Times

The construction phase of Whistler Grand has reached level 22.  14 more level to go...  Looking at this speed, you can e...
27/03/2020

The construction phase of Whistler Grand has reached level 22. 14 more level to go... Looking at this speed, you can expect the complete to be soon..

CDL sells 150 units at launch of Whistler Grand condominium in West CoastSINGAPORE - Whistler Grand condominium in West ...
26/03/2020

CDL sells 150 units at launch of Whistler Grand condominium in West Coast

SINGAPORE - Whistler Grand condominium in West Coast got off to a flying start on the first day of its sales launch

Some 150 of 240 units launched yesterday - out of 716 units in total - were snapped up as of 5pm, its developer, City Developments Limited (CDL), told The Sunday Times.

CDL head of property development, Ms Lee Mei Ling, cited "a combination of affordability, good location and design." Many of the units were priced below the "sweet spot of $1 million", she added.

Savills Singapore senior director Alan Cheong said: "The 150 units sold represent a 21 per cent take-up rate, which is healthy. After the total debt servicing ratio (TDSR) was introduced in 2013, the take-up rate was only about half of (yesterday's) rate."

A number of first-time buyers and en bloc sellers seeking replacement homes were drawn by Whistler's average selling price of $1,380 per square foot (psf). Special prices started from $608,000 for one-bedders. In May, Twin Vew, also in West Coast Vale, sold 87 per cent of 520 units at a median price of $1,385 psf.

"$1,380 psf is a good number, taking into account the uncertainty over the High-Speed Rail (HSR) project between Kuala Lumpur and Singapore, which used to be a selling point," Mr Cheong said.

PropNex associate group director Jarvis Goh believes the HSR is only one component of the blueprint for the rejuvenation of the Jurong area which includes turning it into a second central business district.

His client Jonathan Kee, 40, an engineer and a first-time home buyer, believes current prices are attractive given the redevelopment prospects in Jurong. He bought a $700,000 one-bedroom unit at the two 36-storey 99-year leasehold tower project as an investment.

"Given that the upcoming regulations on shoebox units will clamp down on supply, and also because of the loan amount I can get, I prefer to buy one now," he said.

One en-bloc seller, who wanted to be known only as Mr Leow, 45, bought a three-bedroom unit for $1.4 million although his current condo has not achieved 80 per cent mandate to launch for a collective sale. "If the en bloc sale doesn't go through, we will sell our condo and move to Whistler," he added.

PropNex Realty chief executive officer Ismail Gafoor said Whistler's strong take up-rate shows that CDL's "strategy to offer sensitive prices post-cooling measures is working".

"Of the 150 expressions of interest that PropNex agents got, more than 80 committed to buy, which is a good conversion rate. Typically, the successful conversion rate of expressions of interest to actual buy is about 40 per cent. But our agents had slightly over 50 per cent successful conversion," he said.

Observers are now eyeing the take-up rate at upcoming sales launches of Woodleigh Residences on Nov 10, Kent Ridge Hill Residences and Parc Esta.

source : The Straits Times

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107 West Cost Vale
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126751

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