Prices of one-bedroom (plus study) units of 495 sq ft will start from just under S$2,000 psf

 

CITY Developments Limited (CDL) will start previews for its Woodlands project, Norwood Grand, on Friday (Oct 4) with prices starting from S$988,000 and just under S$2,000 per square foot (psf).

 

Units at the 348-unit condominium development on Champions Way start with one-bedroom (plus study) units of 495 square feet (sq ft) from S$988,000 or S$1,996 psf and two-bedroom apartments from 624 sq ft priced from S$1.238 million (S$1,984 psf). Three bedroom units start from S$1.698 million (S$1,923 psf) for an 883 sq ft layout, while four-bedroom apartments, sized from 1,173 sq ft, will cost from S$2.238 million (S$1,908 psf).

 

Located in District 25, Norwood Grand comprises four blocks of 11-storey residential development, and will include an early childhood development centre.

 

The 14,432.5 square metre site was acquired at a state tender in September 2023 for S$294.9 million or S$904 per square foot per plot ratio.

 

CDL&rsquo s group CEO Sherman Kwek said: &ldquo We are thrilled to preview Norwood Grand, the first luxury private residential launch in Woodlands in over 12 years. As an area poised for rapid growth, Woodlands is transforming into a dynamic hub with new infrastructure and excellent connectivity to the city and Johor Bahru via various transport nodes.&rdquo

 

The 99-year project is within a five-minute walk to Woodlands South MRT station, and is two stops away from the Woodlands North MRT station, which will have direct access to the future Rapid Transit System Link that offers a light rail shuttle service to Johor Bahru, Malaysia.

 

Norwood Grand will book sales on Oct 19 and is expected to obtain its temporary occupation permit in the first quarter of 2030.

 

The last condo launch in the area was Parc Rosewood, which was completed in 2014. The 99-year project has 689 units and the latest median unit price achieved for the development was S$1,344 psf over the last one year.

 

While new home sales this year have been slow, the latest new launch &ndash Bukit Sembawang&rsquo s 8@BT &ndash sold 83 units, or 53 per cent of its 158 units over its launch weekend in September, at an average selling price of S$2,719 psf.

 

UOL to launch freehold Meyer Blue condo in September as H1 net profit falls 3% to S$130.4 million 

 

UOL has started a private preview of its Meyer Blue freehold project, and is expected to start booking sales this weekend. The developer declined to disclose pricing for the project when contacted by The Business Times.