Twin Fountains EC 2.3 times subscribed

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

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