Bellewoods EC attracts 400 applications

Muneerah September 29, 2014

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.

Image source: Qingjian Realty

 

Muneerah Bee, Senior Journalist at PropertyGuru, edited and wrote this story. To contact her about this or other stories email muneerah@propertyguru.com.sg

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