Date of Report: October 3, 2024
Broker: Maybank Research Pte Ltd
Launch of Norwood Grand
City Developments Limited (CDL) is set to commence previews for its new residential project, Norwood Grand, located in Woodlands, Singapore. Previews will begin on October 4, 2024.
Project Overview
Norwood Grand is a 348-unit condominium consisting of four 11-storey residential blocks. The units range in size from 495 square feet to 1,173 square feet, catering to a variety of buyers. The condominium also includes an early childhood development center, adding a family-friendly aspect to the development.
Unit Pricing
The one-bedroom units, sized at 495 square feet, are priced just under SGD1 million (approximately SGD1,996 per square foot). Four-bedroom units, which span 1,173 square feet, are priced starting at over SGD2.2 million (approximately SGD1,908 per square foot).
Strategic Location
Norwood Grand is strategically located in District 25 and is within a five-minute walk to the Woodlands South MRT station, offering convenient access to public transportation. This 99-year leasehold project is positioned to attract buyers looking for both luxury and accessibility in the northern region of Singapore.
Land Acquisition Details
The site for Norwood Grand spans 14,432.5 square meters and was acquired by CDL in a state tender in September 2023 for SGD294.9 million.
This information is extracted from the October 3, 2024, Maybank Research Pte Ltd report.
