Twin Waterfalls EC

 As 06 Mar 12, 460 units of 728 units are sold!Twin Waterfall Artist's Impression
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.

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