More than 800 online applications for City Developments Ltd’s (CDL) The Rainforest EC project were received as of 5pm yesterday, the last day of applications for eligible EC buyers.
“We are receiving more e-applications progressively till the end of the day,” said a spokesman from CDL.
The median selling price for units at the development range from S$720 psf to S$730 psf, with 818 sq ft two-room-plus-study units starting from S$601,000. Meanwhile, bigger units, such as a 947 sq ft three-bedroom apartment, cost around S$688,000 and a 1,238 sq ft four-bedroom unit starts at S$896,000.
Located near Choa Chu Kang MRT station, the project is jointly developed by CDL and TID - a joint venture (JV) company between Mitsui Fudosan and Hong Leong Group. It comprises 466 units strategically located near shopping and entertainment areas such as Lot One Shoppers’ Mall and the upcoming Junction 10 shopping mall.
The project is also within close proximity to the Bukit Timah and Kranji expressways, as well as to the upcoming Downtown MRT line.