Kingsford Waterbay, a condominium project located at Upper Serangoon View, saw over 1,000 visitors during its launch on 21 February, reported the media.
The 1,165-unit project features one to five-room apartments, and smaller units account for around 50 percent of those on offer. Unit prices are expected to start from above $500,000 for a one-room apartment.
To lure younger homebuyers, Kingsford Waterbay includes a childcare centre that will be run entirely by the condo’s management corporation. Children of condo residents will be given priority to enrol in the childcare centre.
Meanwhile, fees collected from the childcare centre can also be used to pay for the maintenance of the condominium, said its developer.
“The property cooling measures are taking effect, but with land price costs and the shortage of land in Singapore, we think it’s a good time to enter the market,” said Kingsford Development board chairman Cui Zheng Feng.
Kingsford Development also secured the plot of land next to where Kingsford Waterbay will stand, which will also be used to build another residential project.
Muneerah Bee, Senior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email firstname.lastname@example.org