E-applications for the executive condominium (EC) project Twin Fountains in Woodlands have closed.
Close to 1,000 e-applications were received.
This translates to a subscription rate of approximately 2.3 times, based on the 418 residential units up for sale.
About 3 in 10 of e-applications received were from first-time home buyers.
The rest were second-time buyers.
CEO of Frasers Centrepoint Homes, Cheang Kok Kheong, said the strong response shows that there is indeed pent-up demand for EC homes in Woodlands, especially from upgraders.
Source : Channel NewsAsia – 21 Apr 2013