Twin Waterfalls EC

 As 06 Mar 12, 460 units of 728 units are sold!

Find out why here and here!

Last Update: 07 Mar 12 – Click here for latest Units available!

Project Information:

• Type of Property: Executive Condominium
• Developer: Fraser Centerpoint Homes / Keong Hong Construction Pte Ltd
• Location: Punggol Way / Punggol Field
• Tenure: 99 years
• Blocks / Storey: 12 blocks / 17 storeys
• No. of Units: 728
• Site Area: Approximately 270,867
• Bedroom Types: 3 bedrm compact / 3 bedrm / 3 bedrm Dual Key / 4 Bedrm Dual Key / 4 Berm / Penthouses
• Unit Mix:

Unit Mix	~ Unit Size (sqm)	No. of Units	% of Units
3 Bedrm Compact	85 – 93	228	31%
3 Bedrm	96 – 103	298	41%
3 Bedrm Dual Key	103	56	8%
4 Bedrm Dual Key	128	12	2%
4 Bedrm	115	86	12%
Penthouses	119 – 201	48	7%
	Total:	728	100%

Pros of Twin Waterfalls:

• Near to MRT:
  • 7 mins walk from Punggol MRT & Interchange
  • 20 mins via MRT to Dhoby Ghaut MRT
  • Easy access to city via major expressways i.e. TPE, KPE, SLE
  • Easy access to Woodlands via TPE, SLE.
  • Good connectivity and convenience

• Very affordable quantum
  • Much lower quantum compared to full condo with similar facilities
• CPF Housing Grant / No Resale Levy
  • $10K / $20K / $30K HDB housing grant applicable for 1st Timers
  • No Resale Levy for 2nd timers
  • Hence, lower outlay for 1st & 2nd timers
• Full condominium facilities and extensive landscaping
  • Full facilities including 50m swimming pool, putting green, thematic gardens etc, hence providing lifestyle living
  • Extensive use of water and landscape features through the development, hence more units are able to get good views from their units
  • Multi-storey carpark is integrated with blocks, which frees up the surface area for more beautiful landscaping and facilities.
• Good choice of Unit Mix + Superb Layouts
  • Wide range of unit types from 3 bedrm compact, to a typical 3 bedrm / 4 bedrm unit types and dual key units etc.
  • Most units enjoy maximum views as most layouts in the development have wide frontages i.e. similar to those found only in higher end developments.
• Punggol 21 Plus +
  • Plan unveiled by PM Lee in 2007
  • Punggol set to be revitalized as the Waterfront Town for the 21st Century
  • Proposed town centre, waterways, sports complex and town park.
• Enjoy your very own East Coast Park with a 8.7km coastal promenade
• Enjoy a myriad of recreational activities, all within a short distance away from your dream home, including your own golf course and wetland
• Punggol is a much sought after estate!
  • Always heavily over-subscribed during BTO exercise by at least 2 times.
  • “Crown Jewel” of government planning policy as the very first eco-town.
  • Amenities and infrastructure will be in place to support the town, resulting in convenience for residences and possible future growth in capital values.

Personally, I think the most important reason why one can consider Twin Waterfalls is:

Very Strong Potential for Capital Appreciation

Here’s why:

• EC’s values have risen considerably over the years since its first introduction into the housing market.
• Historically, ECs prices have gone risen in tandem with the private residential market (long term).

• Being able to sell under private property status after MOP to Singaporeans and PRs (5 years) OR to foreigners after 10 years – this means you will have a larger pool of potentail buyers to tap on.
• Some examples:
  • The Rivervale:
    • Unit: bought on 23 Jul 97 / #xx-37
    • Size: 1292sqft
    • Launched price: $483psf
    • Sold on 18 Nov 11 at $706psf
    • Profit: $288,500
  • Park Green:
    • Unit: bought on 30 Oct 02 / #xx-05
    • Size: 1195
    • Launched price: $380psf
    • Sold on 17 Aug 11 at $723psf
    • Profit: $445,476
  • THe Florida
    • Unit: bought on 20 Aug 98 / #xx-15
    • Size: 1292sqft
    • Launched price: $455psf
    • Sold on 27 Oct 11 at $697psf
    • Profit: $312,000

Market Comparables:

• *EC Comparables:

Name of Development	Location	Tenure	Total Units	Ave Psf
Esparina Residences	111 Compassvale Bow	99	573	$720 – $750
Prive	Punggol Field	99	680	$680 – $720
River Parc Residences	Punggol Drive / East	99	504	$670 – $680

• *Current ECs for sale:

Name of Development	Ave Psf
Arc @ Tampines	$720 – $730
Blossom Residences	$670 – $680
Austville	$700
The Canopy	$630
The Rainforest	$730

• *Condos for sale:

Name of Development	Ave Psf
The Luxurie	$1100 – $1200
A Treasure Trove	$900 – $930
H20 Residences	$910 – $920

• *HDB Resale Prices:

Resale HDB Flat	Location	Price	COV
4 rm	Punggol	$460,000	$40,000
5rm	Punggol	$518,000	$38,000
EA	Punggol	$588,000	$45,000
4 rm	Sengkang	$450,000	$39,000
5rm	Sengkang	$503,000	$38,500
EA	Sengkang	$596,000	$45,000

Keen on this development?

Call me @ 9431 4139 to check for more details!

Click here for Site Plan

Eligibility Conditions:

1. Main Applicant must be a Singapore Citizen
2. Minimum 21 years old
3. Family Nucleus formed:
   • Public Scheme
   • Fiance / Fiancee Scheme
   • Orphan Scheme
   • Joint Singles Scheme
4. Combined family income of applicants & occupiers under $12,000 per month.
5. No ownership of private residential property in last 30 months.
6. Must be FIRST or SECOND Timer:

• to be considered 1st timer, the applicant, co-applicant, essential occupiers & spouse must not have:
  • been owners of HDB, DBSS or EC unit bought from developer
  • sold a flat bought direct from HDB, a DBSS flat or EC unit bought from developer
  • have received the CPF housing grant for their purchase of HDB resale flat.
  • have transferred at market value a flat bought direct from HDB or a HDB Resale flat bought under CPF Housing Grant.
  • Have ever enjoyed other forms of housing subsidy such as SERS or HUDC privatization.

Pls note that all sales are subjected to approval from HDB.