Twin Waterfalls (pictured), a 728-unit executive condominium (EC) development with a Vista Home concept, is set to launch this weekend.
It is a joint development between Frasers Centrepoint Limited (FCL) and Keong Hong Construction, a wholly-owned unit of Keong Hong Holdings.
“Our strengths in building construction, as evidenced by the success of our recently completed Martin Place Residences which has attained TOP, will complement FCL’s strengths in property development and marketing,” said Ronald Leo, Chairman and CEO of Keong Hong Holdings.
Spread across 12 towers, the development offers three- to four-bedroom units, as well as dual-key units and penthouses, with average prices at S$698 psf. As it features a Vista Home concept, units will have wider frontage to maximise external ventilation, lighting and views.
Located in Punggol New Town, Twin Waterfalls is the first EC project to feature 400 bicycle stalls, in a bid to encourage future residents to cycle around My Waterway@Punggol and Punggol Town.
Meanwhile, applications for the project opened on 10 February and received a total of 340 applicants as of 7pm on 11 February.
“The first timers will probably form about 30 to 40 percent,” said Cheang Kok Kheong, Chief Executive for Development & Property at Frasers Centrepoint. “These are newly-weds, or about to be wed, or maybe even new citizens, who are coming here for the first time.”
He noted that applications for the project will end on 14 February, while balloting will start on 18 February.
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