The names for 2 upcoming EC launches are out!
Bellewoods EC is located at the junction of Woodlands Ave 5 and Woodlands Ave 6, beside Twin Fountains and Forestville. Tendered successfully by Qingjian Realty (South Pacific) Group Pte Ltd and is estimated to have 590 units. I feel the average psf for this new EC launch will be higher than Twin Fountain and Forestville which should help to push the unsold units.
The Terrace EC is located at the junction of Punggol Drive and Edgedales Plains, within walking distance to Kadaloor LRT station. Tendered successfully by Peak Square Pte. Ltd and is estimated to have 825 units. With all the new BTOs, new private condos and existing ECs like Waterwoods, Ecopolitan and few others, it will not be a easy EC to market. Nevertheless, it is in a much better location than another upcoming EC site which is located beside Horizon Primary School. According to the URA Masterplan, Punggol is one town that the government is definitively focusing on.
Like all current launches, the above 2 new EC launches will not be subjected to any resale levy for HDB upgraders!