CDL to unveil Norwood Grand on October 4, with sales to commence on October 19.Singapore-listed real estate firm City Developments Ltd (CDL) is all set to launch its latest project, Norwood Grand, on October 19, with previews beginning on October 4.Located on 155,351 square feet of land and on a 99-year leasehold, this private condominium comprises 348 units across four 11-storey blocks. It offers a mix of one-bedroom-plus-study to four-bedroom premium-plus-study units with sizes ranging from 495 square feet to 1,335 square feet.Prices for these units start from $988,000 ($1,996 per square foot) for a one-bedroom unit, $1.238 million ($1,984 per square foot) for a two-bedroom unit, $1.698 million ($1,923 per square foot) for a three-bedroom unit, and $2.238 million ($1,908 per square foot) for a four-bedroom plus study unit, CDL announced.CDL emerged as the top bidder for the site, which was awarded to it in September 2023 by the Urban Redevelopment Authority (URA) in a government land sale (GLS) tender with a bid of $294.889 million ($904 per square foot per plot ratio).Norwood Grand, located on Champions Way off Woodlands Avenue 1, is surrounded by new Build-to-Order (BTO) flats. It is the only private condominium on this road and marks the first new private condo launch in the neighbourhood in over a decade.With over 20 recreational facilities including the Cabana Garden, Norwood Grand aims to cater to the diverse needs of residents. It also features an early childhood education centre that is open to both condo residents and the neighbourhood.Woodlands South MRT Station on the Thomson-East Coast Line (TEL) is a mere five-minute walk from Norwood Grand. It is just one stop away from the Woodlands Integrated Transport Hub with the MRT Interchange Station, and bus interchange located at Woodlands Regional Centre. Causeway Point shopping mall, the Woods Square integrated commercial development with offices, retail and a childcare centre are also located nearby.Singapore Sports School, Christ Church Secondary School, Singapore American School, Innova Primary School and Republic Polytechnic are few of the educational institutions nearby.Norwood Grand is strategically located near the future Northern Agri-Tech and Food Corridor, Woodlands Health Campus, and Yishun Innova Junior College. The area has been earmarked for rejuvenation as part of the Ministry of National Development’s (MND) Remaking Our Heartland (ROH) programme and is expected to become the largest economic hub in Singapore’s North region.As an area on the cusp of transformation, CDL’s Group CEO Sherman Kwek asserts that the project’s launch is well-timed. “Woodlands is poised for rapid growth and is turning into a vibrant hub with excellent connectivity,” he said.
The scarcity of land in Singapore is a major contributing factor to the high demand for condos in the country. As a small island with a growing population, Singapore faces challenges in finding available land for development. To address this issue, the government has implemented strict land use policies, resulting in a highly competitive real estate market where prices continue to soar. As a result, investing in real estate, specifically Singapore condos, has become a profitable venture with the potential for significant capital appreciation. With limited land and a booming population, the demand for condos in Singapore shows no signs of slowing down. For those looking to invest in the country’s real estate market, Singapore Condo presents an attractive opportunity for long-term growth and financial success.