E-applications open on Friday (May 15) for Westwood Residences – a new executive condominium (EC) project in Jurong West which will be officially open for bookings on May 30.

The 480-unit development at Westwood Avenue is the first EC to be affected by changes to resale levy rules. The resale levy now applies to EC buyers who had previously bought HDB flats or ECs.

Westwood Residences Jurong Lake

Westwood has an indicative pricing of S$800 per square foot (psf). That is about six per cent lower than what another executive condominium (EC) project in the area – Lake Life EC – went for, S$850psf, when it was launched in November last year.
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Said Mr Francis Koh, group CEO of one of the EC’s developers, Koh Brothers Group “We have to consider the market. When compared to the nearby executive condo, what will buyers think of our condo? So we have to price it very competitively.”

Westwood Residences Koh Brothers

Westwood Residences is hoping to attract homebuyers by going big on cyclist-friendly features. It will house some 500 parking lots for bicycles – with a bicycle maintenance area – and an outdoor mini velodrome.

One analyst said it may be too early to say if the new EC project will benefit from the upcoming makeover for Jurong Lake District.

Westwood Residences

“This project is closer to NTU (Nanyang Technological University), and the Cleantech Park,” said Mr Sing Tien Foo, Deputy Head at the Department of Real Estate in the National University of Singapore. “For the Jurong Lake District area, the project may be located at the fringe of the Jurong Lake District. Although over time, when the area develops, we will probably see the spillover effect. Probably, this will take a while.”…

Three land sites JCube Condo yielding around 1,500 housing units will be released for sale this month under the Government Land Sales (GLS) Programme for 2H2014. These sites are to be released after the launch of the sales sites of Westwood Residences EC.

URA launched a residential site at Jurong West Street 41 (Parcel B) today, while HDB will release an executive condominium (EC) site at Woodlands Avenue 12 on 16 December.

Three New Residential Sites to be launched after Westwood Residences

Both sites are on the confirmed list and are located within established residential estates including executive condominiums such as Westwood Residences. The tender closing dates for the Woodlands and Jurong West land parcels are on 12 February and 10 March 2015 respectively.

Meanwhile, a commercial and residential site at Holland Road, the first plot under the Holland Village Extension plans, is also being made available for sale on the reserve list today.…

What is the difference between VVIP Preview List and VVIP Booking?

What is VVIP Preview List?

Once you have registered under VVIP Preview List, We’ll keep you updated on the project.
You’ll receive an email stated with reference number and We’ll assign certified Sales representative to assist you on your enquiries.
They will explain on the process of the procedure, timeline, financial calculation, downpayment, by when to get bank approval & more for Westwood Residences EC.

By doing so, Please refrain from submitting duplicate application/ registration with other agents or other websites.

What is VVIP Booking?
In order to enjoy the first level discount (Early Bird Discount/ VVIP Discount), the following documents will be required to exchange for ballot number or first come first serve basis.
– Expression of Interest (You’ll receive it via email, General details Page 1 bottom, and Signature on Page 2.)
– Applicants’ NRIC
– Blank Cheque (No signature will be required)

You can present those documents during the show-flat period to the assigned agent or you can ask the our assigned agent to collect from you personally.

Kindly take note: No obligation if you submit those documents for ballot number.
No penalty will be imposed if you choose not to purchase during the booking day.
Your information will be well kept for Westwood Residences EC.

Westwood Residences Preview FAQ

What is Expression of Interest?
A document for purchaser who are keen on the projects and want to submit for ballot number during VVIP booking day.

Common question to be asked:

Question: Will i missed out any good deals if i did not submit under VVIP Preview List?
Answer: Yes, Because you will not get any official information from us directly.

Question: Any fee to be imposed if i choose not to purchase?
Answer: No, No penalty will be imposed if you choose not to purchase during the booking day.

Question: What are the benefits to register for VVIP booking?
Answer: You will get the chance to purchase units with discounted prices (Early BIrd Discount).
Because prices generally increases for un-released stack of units, later on.
You will only be able to select the balance units, after the VVIPs have confirmed their units.
You may not be entitled to the same benefits or discounts, as per the VVIP, beforehand.

JCube Residence style=”color: #ff6600;”Question: What if i choose to register for VVIP booking. Thereafter, i did not purchase/ book any units?
Answer: No penalty will be imposed, if you choose not to purchase during the booking day.

Question: When can i know the actual price for the ideal units?
Answer: Always refer to the guide/ indicative price. Do register early for early bird discount.
No penalty will be imposed if you choose not to purchase.
Application is free of-charge.

Info on Westwood Residences VVIP Booking

Question: I will prefer to know the pricing then i commit.
Answer: Understandable, however, we may not be in time to register you back for the VVIP, should you decide to proceed, after knowing the prices, as registration for VVIP, normally closes by then.
Also to avoid lowering your chances for balloting purpose, it is good to register early.

Question: What are the differences between Public walk-in and VVIP Booking?
Answer: Public can only chose balance stack of units (Cost more for higher level), prices are likely to be increased for un-released stacks. VVIP enjoys the discounted rate, able to select their choice of units thru balloting.

Westwood Residences EC

Question: Why there is a need for blank cheque?
Answer: We do not want duplicate applications, by submitting multiple application does not mean you will get higher chances for balloting.
During the booking day, if you wish to proceed to book the unit, you can write the 5% of the purchase price on the submitted cheque. This is to prevent jeopardizing of the whole procedure
If no purchase done, it will be return to you, without penalty.…

It is important to only engage the Official Direct Developer Sales Team to assist you on the matters related to the new EC Launch. There are several complex procedures and key factors to consider before committing to purchase a unit. Rest assured that all our representatives are certified, well-trained and committed to deliver.

By engaging the Official Direct Developer Sales Team, you will also enjoy the best possible direct developer price. There is no commission required to be paid for Westwood Residences EC.

Westwood Residences Official Registration

To understand more on the Why register VVIP Preview? Read More
What are the difference between VVIP Preview List and VVIP Booking? Read More

Fill up the form below to register and receive all latest updates on Condo Launch show flat opening date, updated floor plans, e-brochures and the Official Booking Date for Condo Launch.
Our Official Developer Appointed Sales Representative will be in touch with you as soon as we can.

Every successful Application should receive a reference number within a day and the sales agent name & contact number.

Our sales agent will assist you throughout till the day of balloting/ choose of unit.

Please quote the reference number when making enquiry on your application, so as to facilitate us to process your enquiry via email sales@westwoodresidencesec.com.

More info on Westwood Residences EC Registration

Read before you proceed:
* Submission of E-Application is mandatory for all interested parties, yet non-obligatory to make any purchase
* Submission of E-Application via this page is FOC, and no hidden costs will be incurred subsequently
* Applicants enjoy direct developer price, no commission is required to be paid
* All successfully applicants will subsequently receive a ballot number
* No penalty will be imposed for applicants who subsequently choose not to purchase a unit
* Applicants will be posted on all latest updates such as E-Brochure, Floor Plans etc.
* Applicants will be invited to view the Show Flat…

The government is expected to trim down the supply of land intended for private and EC housing on the confirmed list for H1 2015 Government Land Sales (GLS) programme due to rising vacancies and sluggish sales, according to property experts in media reports. Therefore existing land like Westwood Residences will continue to be in demand.

Chua Yang Liang, JLL’s Research Head for Southeast Asia, said, “The period of supplying sufficient land to meet the pent-up demand arising from the large population growth between 2007 and 2009 is over. Now the state is likely to be looking at maintaining sufficient new supply to meet the long-term housing need, i.e. from new household formation in Westwood Residences”.

Westwood Residences Land Sales

In concurrence, Savills’ Alan Cheong noted “the general undersupply situation has been resolved and thus the GLS Programme may reflect a more sedentary pace in line with demographic trends.”

R’ST Research believes the land to be released under the confirmed list for the second half of next year can yield about 1,900 units and this include Westwood Residences, while JLL projected a higher figure of around 3,700 units.

On the other hand, experts feel that land on the reserve list would be enough for 6,000 to 7,000 private homes, including Executive Condominiums (ECs) like Westwood Residences. This is roughly the same as the 6,305-unit supply in H2 2014 and will serve a buffer in case there is a rebound in market demand.

Land Sales for Westwood Residences EC

In terms of location, the government is expected to release land for EC and private housing in Punggol, Woodlands, Sengkang, Jurong Lake District and maybe even at the Seletar Farmway area.

“…there is potential to release more EC sites in Jurong since the area is fast rejuvenating, and given the near sell-out of Lake Life at its recent launch,” said R’ST Research Director Ong Kah Seng.

Westwood Residences Demand

In the EC segment, Ong predicted that government would reduce the supply on the confirmed list for H1 2015 to merely 500 units compared to 1,520 units in H2 2014, but Colliers International’s Director Chia Siew Chuin projected a higher figure of about 1,000 units.…

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