Category Archives: Westwood Residences

Westwood Residences EC

Westwood EC Singapore . Executive Condominium . Private Residential Estate

Westwood Residences is an upcoming Executive Condominium that will be launching for sale in May 2015. This Westwood EC site is an extremely rare one – the only EC nestled in a private residential estate, overlooking landed property, unblocked on 3 sides, and with a Velodrome.

Westwood Residences EC at Westwood AvenueWestwood Residences Singapore . Westwood EC built on a cycling theme with mini Velodrome

Westwood Residences EC is located along Westwood Avenue in Jurong West, and close to the Nanyang Technological University & Cleantech Park. It is bounded by landed terrace houses on its north, The Woods cluster housing on its east, and The Floravale private condominium on its south.

The drawback to this Westwood EC site is the Pan Island Expressway (PIE) on its west. But if you are quick to register, and book your unit early during the VIP Preview, you will likely be able to pick an east-facing unit that overlooks the landed houses or The Woods cluster houses.

The Woods facing Westwood Residences ECThe Woods Cluster Housing @ Westwood Avenue opposite Westwood Residences EC

This gets you an unblocked view over the quiet low-rise private residential estate, especially of the lovely Woods cluster houses.

Register here to get a copy of the Westwood Residences Floor Plans Brochure, Pricing and Latest Updates as soon as available.

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Westwood Residences Location in Jurong MasterplanWestwood EC Singapore . Location in relation to Jurong Regional Masterplan :: CLICK TO ENLARGE

Westwood Residences . Westwood EC Amenities

  1. This EC sits in a nice residential neighbourhood that has its own small shopping centre. Gek Poh Shopping Centre is within walking distance, about 600m away.
  2. The Jurong West Sports Center, with its Sports Hall & Stadium, is about 2.3km down the road.
  3. As the crow flies, Westwood Residences is 1.55km to Pioneer MRT, and 1.8km to Boon Lay MRT, on th East-West Line. By road, about 2.4km and 2.6km respectively.
  4. Around 20 mins driving time off-peak to the Marina Bay / Shenton Way CBD or Orchard Road, via either the Ayer Rajah Expressway (AYE) or Pan Island Expressway (PIE).

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Westwood CondoWestwood Residences Showflat is at Westwood Avenue

Economics of Westwood Residences EC

  1. 15 to 20% (ie. around $200K to $300K) cheaper than similar new private condominiums.
  2. First time buyers are eligible for up to $30,000 CPF housing grant.
  3. You do not pay any agent’s fee or commission (unlike for HDB resale flats).
  4. Historically of all residential property types, executive condos have achieved the most capital appreciation. Not only do they move in tandem with the general appreciation in the overall market, but they also enjoy greater gain as they close the gap with prices of private condominiums from the 5th year onwards.
  5. The Jurong Lake District, 3 MRT stops from this Westwood EC, is slated for a transformation into a major commercial & leisure centre under the URA Master Plan. See the URA webpage (opens in a new window). The new KL-Singapore rail line is also expected to terminate in this location. Taken together, there is compelling potential for capital growth for the Jurong area.

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For other details, see the Fact Sheet or location information.

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WESTWOOD RESIDENCES EC · SHOWFLAT VIEWING · E-APPLICATION

If you would like to be kept posted on all updates or showflat viewing, please email us here.

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Name *
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You want to  Request Brochure / Floor Plans
 View showflat
 Register e-Application
 Get More Information
 Keep you posted on other new launches as well
After clicking, please see below for status


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OTHER LAUNCHES FOR SALE

Park Place Residences by Lendlease & Abu Dhabi Investment Authority . 429 units of private apartments for sale beside Paya Lebar MRT station . See Park Place Showflat for viewing & other launch details . Launch will likely be around November 2016

The Artra Mixed Development by Tang Skyline Pte Ltd . Private condominium with commercial units at ground level . Register for Artra Condo floor plan and other details . Developer will launch 1st half 2017

Queen Peak condominium on the city fringe at Alexandra . 736 units of private apartments for sale next to Queenstown MRT station . See Queens Peak floor plan for details . VIP Preview & Balloting November 2016

Granduer Park condominium between The Glades & eCO @ Bedok . 720 residential units for sale in a landed housing enclave . See Grandeur Park floor plan or call us for details . VIP Preview & Balloting tentatively 1st Quarter 2017

Westwood Residences Showflat

Westwood Residences Showflat . Image Gallery

Artists’ impressions of what the Westwood Residences showflat and facilities will look like.

WESTWOOD RESIDENCES FACILITIES

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WESTWOOD RESIDENCES SHOWFLAT . ARTIST’S IMPRESSIONS

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WESTWOOD RESIDENCES EC CYCLING FACILITIES

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For more information, see the Floor Plans or overview of the Westwood Residences.

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WESTWOOD RESIDENCES SHOWFLAT GALLERY . E-APPLICATION

Would you like to arrange a Showflat Viewing? Just contact us here and we will keep you updated on viewing dates.

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Name *
Email *
Phone *
Application Status *
You want to  Request Brochure / Floor Plans
 View showflat
 Register e-Application
 Get More Information
 Keep you posted on other new launches as well
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120 units sold on first day of launch at Westwood EC

Prices at Westwood EC start from about S$620,000

Source: Channel News Asia

SINGAPORE: KBD Westwood Pte Ltd, the developers for the latest EC (executive condominium) project on the market sold about 1/4 of the 480 units on the first day of launch.

Westwood EC Singapore . Main Entrance Drop Off

As at 7pm on Saturday (30 May 2015), buyers snapped up about 120 units at Westwood Residences EC, in Jurong West.

The project opened for sale on Saturday morning, after developers received around 500 e-applications to book units, over the last two weeks.

Pricing at this Westwood EC project ranges from around S$620,000 for a 2 bedroom unit, to around S$1.1 million for a 5 bedroom unit.

KBD Westwood said that this works out to around S$783 per square foot for the units – slightly lower than the indicative price of S$800 per square foot given earlier, and well below the average $857 PSF pricing for Lake Life EC in Jurong.

Westwood Residences is the first Executive Condominium to be affected by changes to HDB’s resale levy rules. The resale levy now applies to EC buyers who had previously bought HDB BTO flats or resale HDB flats with a CPF Housing Grant, or new ECs.

With the exception of Lake Life – which sold almost 98 per cent or 546 of its units – sales for other recent EC projects has not moved as fast.

As of last month, 4 EC projects launched since November last year have more than 200 unsold units each, according to URA’s numbers. These include Bellewoods, Bellewaters, The Amore, and The Terrace.

Click here for the original CNA report (opens in new window).

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WESTWOOD EC . SHOWFLAT VIEWING . E-APPLICATION

Would you like to arrange a Showflat Viewing? Please contact us here.

(Fields marked with * need to be filled in. We respect your privacy and will not spam you.)

Name *
Email *
Phone *
Application Status *
You want to  Request Brochure / Floor Plans
 View showflat
 Register e-Application
 Get More Information
 Keep you posted on other new launches as well
After clicking, please see below for status


Westwood Residences EC | Buying Guide

Westwood Residences EC . FAQ (Frequently Asked Questions)

When is the Westwood Residences EC open for booking?

TARGET PREVIEW DATES (Subject to Change)
Showflat Viewing: 15 – 24 May 2015
E-Application: 15 – 24 May 2015
Release of Price List: 27 May 2015
Balloting & Booking: 30 May 2015

If you would like to register for the showflat viewing, or do the e-application to register interest, just drop your contact details here.

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What must I do to book a unit?

You must fill in an application form and attach the necessary documents. If you drop us your contact details here, we will help you check your eligibility and arrange for your application.

Note: Application cannot be done via HDB website.

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Am I eligible to buy Westwood Residences EC?

You are if:
. You are a Singapore citizen and your partner is a Singapore citizen or PR.
. At least 21 years old.
. Your total monthly household income does not exceed $14,000.
. You form an essential family nucleus as defined by HDB.
. You & your partner have not bought a flat direct from HDB or with a grant more than once.
. None of your family nucleus has owned private property within the last 30 months.

That was the short answer; for detailed criteria including what defines a family nucleus, see Westwood Residences EC Eligibility.

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Can I buy Westwood Residences EC if I currently own a HDB flat?

Yes, if you
. Have not bought a flat direct from HDB or with a grant more than once.
. Have already stayed in your flat at least 5 years if bought direct from HDB or with a grant.
. If your resale flat was bought without a grant, you must fulfil your MOP before this Westwood EC gets TOP.

You must also sell off your current HDB flat within 6 months of TOP of this Westwood EC.

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When can I sell or rent out my Westwood EC unit?

. Can be sold to Singapore citizens or PRs after 5 years. Or rented out to anyone then.
. Fully privatized after 10 years. Can then be sold to anyone, including foreigners or developers.

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What benefits do Westwood Residences EC buyers get?

1st Timer Buyers
. May be eligible for the CPF housing grant, up to $30,000 to help pay the 15% downpayment.
. Get priority in selecting a unit (70% of the units are reserved for 1st timers in first month).

See details on the amount of CPF Housing Grant, and eligibility here (opens new window).

2nd Timer Buyers
. Buyers with existing housing loan may still get up to 80% loan (unlike for private condos).

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What’s the payment schedule like for Westwood Residences EC?

If you opt for Normal Payment Scheme (NPS):

  • First 5% cash (via a cheque) at time of booking the unit.
  • Next 15% within 9 weeks (typically) of booking the unit. This 15% can be from CPF Housing Grant, or from CPF funds, or from cash.
  • The remaining 80% can be from CPF funds, bank loan, or cash. This is payable progressively, which means you (or the bank if you take a loan) pays out the money as and when construction work reaches certain stages. If you take a loan, your monthly instalments start small and slowly increase.

If you opt for Deferred Payment Scheme (DPS) (purchase price is around 2 to 3% higher):

  • First 5% cash (via a cheque) at time of booking the unit.
  • Next 15% within 9 weeks (typically) of booking the unit. This 15% may be from CPF Housing Grant, or from CPF funds, or from cash.
  • Neither you nor the bank (if you are taking a loan) pays anything till the project completes. At that point, upon TOP, you / your bank will need to pay another 65% of the purchase price. Your mortgage repayments therefore start at this point, based on whatever the bank disburses.

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Do I have to pay any admin charges or commissions or agent fees?

No, no charge at all. We are here to provide you all the information, and help you book your unit of choice at directly from the developer, at no charge. No obligation either.

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WESTWOOD RESIDENCES EC . E-APPLICATION . SHOWFLAT VIEWING

For queries on any of the above, or to register interest in updates, please email us here.

(Fields marked with * need to be filled in. We respect your privacy and will not spam you.)

Name *
Email *
Phone *
Application Status *
You want to  Request Brochure / Floor Plans
 View showflat
 Register e-Application
 Get More Information
 Keep you posted on other new launches as well
After clicking, please see below for status


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OTHER DEVELOPER LAUNCHES FOR SALE

Martin Modern Singapore Condominium Development . 5 minutes walk from Great World City MRT station . VIP Preview & Showflat viewing late 2017

Toa Payoh new condo showflat viewing & VIP Preview 2nd Q 2016 :: 6 mins walk to Braddell MRT Station :: Gem Condo Toa Payoh

Stars of Kovan Mixed Development . Condominium + Shops 3 minutes walk from Kovan MRT Station . VIP Preview early 2016

Westwood Residence | CPF Housing Grant

The CPF Housing Grant is a housing subsidy (in the form of CPF money) that is provided by the Government. This grant assists an eligible first-timer family to buy a new EC, eg. from the Westwood Residence developer.

Details of the CPF Housing Grant for ECs

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Amount of Grant for Westwood Residence EC Buyers

EC Buyer with Average Gross Monthly Household Income up to $10,000.

Type of Grant Available
Amount
SC / SC Household
SC / SPR Household
CPF Housing Grant for Family

$30,000
$20,000#
Half Housing Grant
(If you are a first-timer citizen & your spouse has previously taken a housing subsidy)
$15,000

#If you are a Singapore Citizen (SC) married to a Singapore Permanent Resident (SPR) (that is, an SC/SPR household), you can apply for the Citizen Top-Up Grant when your SPR family member gets Singapore Citizenship or when you have an SC child.

 
EC Buyer with Average Gross Monthly Household Income from $10,001 to $11,000

(For ECs launched for sale from 15 August 2011 onwards, such as Westwood Residence, first-timer households with monthly income between $10,001 to $11,000 may get a Housing Grant of $20,000.)

Type of Grant Available
Amount
SC / SC Household
SC / SPR Household
CPF Housing Grant for Family

$20,000
$10,000#
Half Housing Grant
(If you are a first-timer citizen & your spouse has previously taken a housing subsidy)
$10,000

#If you are from an SC/SPR household, you can apply for the Citizen Top-Up when your SPR family member takes up Singapore Citizenship or when you have an SC child.

 
EC Buyer with Average Gross Monthly Household Income from $11,001 to $12,000

(For ECs launched for sale from 15 August 2011 onwards, such as Westwood Residence, first-timer households with monthly income between $11,001 to $12,000 may get a Housing Grant of $10,000.)

Type of Grant Available
Amount
SC / SC Household
SC / SPR Household
CPF Housing Grant for Family

$10,000
$0#
Half Housing Grant
(If you are a first-timer citizen & your spouse has previously taken a housing subsidy)
$5,000

#If you are from an SC/SPR household, you can apply for the Citizen Top-Up when your SPR family member takes up Singapore Citizenship or when you have an SC child.

Read more on the Citizen Top-up (opens in new window).
 

Buyers with Average Gross Monthly Household Income above $12,000.
If your monthly household income is above $12,000, then the CPF Housing Grant does not apply.

 
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Eligibility Conditions

CRITERIA
DETAILED DESCRIPTION
Citizenship You must be a Singapore Citizen. Your family nucleus must comprise at least another Singapore Permanent Resident or Singapore Citizen.

Age 21 years old and above

Family Nucleus You are applying for Westwood Residence with your:

  • Spouse and children (if any), or
  • Fiancé/fiancée (must be able to produce your marriage certificate, latest by the date of key collection when Westwood Residence completes), or
  • Children under your legal custody, care and control (if widowed or divorced)
Household status You and the essential family members listed in the application for purchase of a unit at Westwood Residence must not:

  • Be the owners of a flat bought direct from HDB, a DBSS flat or an Executive Condominium bought with CPF Housing Grant from the developer
  • Have sold a flat bought direct from HDB, a DBSS flat or an Executive Condominium bought with CPF Housing Grant from the developer
  • Have received the CPF Housing Grant for the purchase of an HDB resale flat
  • Have taken other forms of housing subsidy (e.g. benefitted under the Selective En bloc Redevelopment Scheme, privatisation of HUDC estate etc)

 

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How to Apply

You may apply for the CPF Housing Grant when you book a unit with the developer. You will be provided the form to apply for the grant, and the developer will submit this form with the rest of your application for Westwood Residence.

 
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Disbursement of Grant

The Grant is given only to the Singapore Citizen (not the SPR spouse).

APPLICANT(S) BUYING WESTWOOD RESIDENCE AMOUNT
Sole Applicant Full grant.
Joint Applicants (husband & wife) Half of the full grant each.
Joint applicants who are not husband & wife
(e.g. married siblings, parents and married child)
Grant given only to one eligible applicant per flat.

The grant once disbursed cannot be returned.

Disbursement of Top-Up Grant
The Top-Up Grant is given only to a Singapore Citizen spouse (not Singapore Permanent Resident spouse) who is listed as an owner or applicant of the Westwood Residence EC.

 

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Use of Grant

The CPF Housing Grant will be credited into your CPF Ordinary Account and treated as part of your CPF fund. It can be used to pay for the CPF portion of the downpayment for Westwood Residence at the time of signing of the Sales and Purchase Agreement, after you have paid the cash payment (if applicable), or to reduce the mortgage loan.

The CPF Housing Grant will be included in the computation of the CPF withdrawal limit for your Westwood Residence EC.

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