Bellewoods, the first Executive Condominium (EC) to enter the market this year, saw a crowd of 1,500 as well as around 400 applications during its launch on Saturday, reported the media.
In a statement, Qingjian Realty revealed majority of the applicants live in the northern area.
Located at Woodlands Avenue 5/6, Bellewoods comprises 561 two to five-bedroom apartments, with prices ranging from $750 to $820 psf. The developer noted visitors felt the price was “reasonable” as most units were going for less than $1 million.
Notably, the 99-year leasehold project, set to be completed in 2020, is the last EC in the northern area where buyers need not pay the HDB resale levy when purchasing a unit.
The application Bellewoods EC period will end on 12 October and booking day will be on 1 November.
Qingjian is also offering a chance to win 20 one-carat diamonds to applicants when their e-application eligibility is approved, according to its website.
Credits: Property Guru