City Developments Ltd (CDL), a property developer listed on the Singapore stock exchange, is gearing up for the launch of its latest project, the 348-unit Norwood Grand. Set to take place on October 19, the private condo will be previewed on October 4.
The Norwood Grand features four 11-storey blocks on a 99-year leasehold, 155, 351 sq ft site. It offers a mix of one-bedroom-plus-study to four-bedroom premium-plus-study units, ranging in size from 495 sq ft to 1,335 sq ft. Prices start at $988,000 ($1,996 psf) for a one-bedroom, $1.238 million ($1,984 psf) for a two-bedder, $1.698 million ($1,923 psf) for a three-bedroom, and $2.238 million ($1,908 psf) for a four-bedroom plus study.
Norwood Grand is located on Champions Way, off Woodlands Avenue 1, and was won by CDL in September 2023 with a bid of $294.889 million ($904 psf per plot ratio) in a government land sale (GLS) tender. It was the highest bid among six contenders.
The condo is the sole private development along Champions Way, which is surrounded by new HDB Build-to-Order flats. The last private condo launch in the vicinity was Parc Rosewood on Rosewood Drive, which was introduced 12 years ago and completed in 2014.
One of the main advantages of Norwood Grand is its convenient location near the Woodlands South MRT Station on the Thomson-East Coast Line (TEL). From the station, residents can reach the Woodlands Integrated Transport Hub in just one stop, which offers access to the Thomson-East Coast and North-South Lines, as well as a bus interchange. The Woodlands MRT Station, located in the heart of the Woodlands Regional Centre, is also connected to the Causeway Point shopping mall and the Woods Square integrated commercial development, which includes offices, retail, and a childcare centre.
Woodlands South Station is just two stops from Woodlands North Station, which is directly linked to the upcoming Rapid Transit System (RTS) Link. This will offer a light rail transit shuttle service to Bukit Chagar Station in Johor Bahru, Malaysia.
Norwood Grand boasts over 20 recreational facilities, including the Cabana Garden (Picture: CDL)
Norwood Grand is also within a five-minute walk of the Woodlands South MRT Station, according to the EdgeProp Landlens. The condo offers an early childhood education centre that is open to residents and the surrounding community. Innova Primary School is located next door, with other schools in the area including Christ Church Secondary School, Singapore Sports School, Singapore American School, Republic Polytechnic, and the future Yishun Innova Junior College.
The Woodlands town is being rejuvenated under the Ministry of National Development’s Remaking Our Heartland (ROH) programme and is set to become the largest economic hub in Singapore’s North region under the URA Master Plan 2019. It will also be the hub for the Northern Agri-Tech and Food Corridor and the Woodlands Health Campus.
According to CDL’s Group CEO, Sherman Kwek, Norwood Grand is strategically located near this future hub and is perfectly positioned to take advantage of the area’s rapid growth. “As an area poised for rapid growth, Woodlands is transforming into a dynamic hub with new infrastructure and excellent connectivity to the city and Johor Bahru via various transport nodes,” says Kwek.
The purchase of a condominium in Singapore offers numerous benefits, including the potential for significant capital appreciation. This is due to the country’s advantageous position as a global business hub and its robust economic foundation, which results in a constant demand for real estate. Over time, real estate prices in Singapore have consistently increased, particularly in prime areas where condos are located. Those who invest in the market at an opportune moment and keep their properties for an extended period can reap substantial financial gains. Furthermore, with the introduction of new condo launches, the potential for capital appreciation is even greater.
Ultimately, Norwood Grand offers a prime location and a desirable mix of unit sizes and prices, making it an attractive option for homebuyers and investors alike. With its launch scheduled for October 19, CDL is expecting a strong response to its latest project.