653-unit Forestville EC receives 800 applications

Forestville, the latest executive condominium (EC) project at Woodlands, has seen strong demand from eligible home buyers since electronic applications opened on December 21.

Close to 800 e-applications have been received over the weekend for the 653-unit Forestville EC project.

The e-applications will be open until 10pm on December 26. Balloting will be carried out on 28 December.

Hao Yuan Investment is the developer of Forestville Executive Condominium, while MCC Land is conceptualising and managing the development.

Located in Woodlands, the project will comprise mainly three- to five-bedroom apartments.

Out of the 653 units in the project, 201 units are dual-key apartments with three to five bedrooms. There will also be 29 penthouses.

In an emailed statement, MCC Land said the selling price is about S$700 per square foot.

For second time buyers, there will be 195 units available from the 30 per cent quota allowed.

MCC Land is introducing a priority queue scheme for those unsuccessful at the balloting to help them stand a better chance of securing their purchase on their second application attempt, should there be units left unsold.

This second-timer priority queue scheme is applicable only to second-time applicants who have done their applications online.

Source : Channel NewsAsia – 24 Dec 2012

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