SINGAPORE - CITY Developments' The Brownstone 638-unit executive condominium (EC) has received a healthy number of e-applications during its launch weekend.
Some 2,000 visitors have thronged its sales gallery, despite a high competitive market with several EC projects available on the market, CDL said in a release on Sunday evening.
The project is the only EC directly next to an MRT station, CDL said. Brownstone is located next to the upcoming Canberra MRT which should be ready in the same year that The Brownstone is completed.
Mr Chia Ngiang Hong, CDL's group general manager said: "In a highly competitive market, homebuyers have a wide range of new EC projects to select from. The strong response to The Brownstone shows that there is inherent demand for a well-located EC with strong potential appreciation. The north of Singapore is a new growth area, poised for transformation into a lifestyle and commercial hub."
The project offers a range of apartment types, with unit sizes ranging from 732 square feet (sq ft) for a two-bedroom to 1,711 sq ft for a five-bedroom penthouse.
It has a textured brown sandstone-like facade with unique jetty balconies.
The Brownstone is CDL's seventh EC project. CDL is developing the project together with TID.
Applications for eligible EC buyers can be made from July 10-20 and bookings will be conducted on Saturday, July 25.