Project Details

LAST 7 UNITS LEFT IN WESTWOOD RESIDENCE!! 
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Westwood Residences

Sitting within an exclusive private realm, Westwood Residences EC is first unique bike-themed executive condominium in Singapore which is a 99-years leasehold Jurong West EC at Westwood Avenue in District 22.

Just as its theme suggested, all elements that are necessary are available just a bike ride away, thus encouraging a healthier lifestyle by cycling.  

Several buses are available nearby Westwood Residences EC at Jurong West Avenue 5 and Jalan BaharWestwood Residences EC will be accessible with Pioneer and Boon Lay MRT Station. Westwood Residences EC is also near to Boon Lay Shopping Centre and Boon Lay Place Food Village.

Amenities are within easy reach with Gek Poh Shopping Centre and Gek Poh Community Club just about 6 mins walk from Westwood Residences. A short drive will bring you to Jurong Point, IMM, JEM, JCube and Westgate Shopping Malls. Not to mention the many attractions and recreation facilities for families like the Jurong Lake , Safra Clubhouse Jurong, Jurong West Sports Centre and Singapore Science Centre.

Elite schools such as Nanyang Technological University (NTU), Jurong Junior College and Westwood Primary are nearby. On top of that for those who are driving, freed not, as it takes less than 30 minutes to drive to the hip and happening sites like Orchard road and central area via Pan Island Expressway (PIE) and Ayer Rajah Expressway (AYE).

Allow yourself to be pampered and enjoy this unique and lavish lifestyle of the first ever bike-themed development in Singapore.

Come and take a ride with us now!

Westwood Residences Executive Condominium Project Details
Development Type: Executive Condominium
Location: Westwood Avenue
District: 22 (Boon Lay / Jurong / Tuas)
Developer: Koh Bros & Heeton Holdings
Tenure: 99 years lease
Site Area: 186,054 Sqft
No. of Units: 480 (9 Blocks of 14 storeys condominium development with full condominium facilities)
Expected T.O.P: August 2018
PSF ($) From $7xx

Great Design Concept

  • First ever "Bike" themed development in Singapore with first ever "mini-velodrome"
  • The balconies of units feature interplay of walls at alternate floors both as a facades treatment and privacy control between units
  • 3 different categories of (bike, water and condominium theme) facilities, creating the prefect platform for the whole family bonding
  • Nestled in a Landed Enclave, not surrounded by HDB, 90% of the tower block are design with North-South orientation, and with 50% Unblock View

Best Quality finishes

  • Made in Germany Sanitary Fitting from "hansgrohe"
  • European Kitchen appliances from 'Teka' official sponsor of Real Madrid FC (Washer cum Dyer/Fridge/Oven/ Hood/Hob)
  • Motorized Clothes Hanger/ Digital Lock (main door)
  • Balcony screen (for west facing units) and  Acoustic ceiling (for units along PIE)
  • Renowned Developer cum Builder (Koh Bros) with A1 Grading which is the highest grade awarded by BCA. (Marina Barrage/ Bugis MRT/ Punggol waterway)

Location

Westwood Residences is an Executive Condominium located at Westwood Avenue, West Region of the island. This 99 years leasehold development has a total site area of approximately 187,200 square feet. Westwood Residences’s site is bounded by Westwood Avenue and the Pan Island Expressway (PIE). It is right next to Floravale and opposite of the upcoming The Woods. Westwood Residences will comprise of more than 400 units upon its completion.westwoods residenes location mapLocation Map

Westwoods EC Location Map

Westwood Surrondings Map

  • Great Accessibility: Westwood Residences EC is located near the entrance to PIE expressway, which makes commuting to Orchard, CBD and other areas in Singapore a breeze. AYE expressway is another option for residents traveling to CBD. The nearest MRT station is Boon Lay MRT, which is located along the convenient East-West Line.

  • Great Views: Surrounded by mostly low rise landed properties, most units are likely to enjoy serene and unblocked views.
  • Education Haven: Westwood Residences EC is located in the west of Singapore, home to many of the best known educational institutes, bringing great convenience to students, professors and other tertiary workers. Both NTU and NUS are nearby Westwood Residences. Other notable educational institutes nearby include INSEAD, River Valley High, NUS High, Yuhua, etc.
  • High rental potential: Westwood Residences EC is located near the future Jurong Lake District, which is slated to be the second biggest business hub in Singapore after the CBD. There will be a huge tenant base and rental demand.

  • First bicycle-themed development: Equipped with a velodrome and traffic garden to cater to all your cycling needs.

Jurong Masterplan with Callouts

Surrounding Area of Westwood Residences

Ammeneties

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The amenities within short walking distance is something buyers should take into account. Lucky for residences such matter are not of cocern. Amenities are within easy reach with Gek Poh Shopping Centre and Gek Poh Community Club just about 6 mins walk from Westwood Residences. This also include Jurong Point, IMM, JEM, JCube and Westgate Shopping Malls.

Attractions and recreation facilities

jurong lakJurong Lake

jurong club house

Sembawang Safra Club House

singapore sciencecenter

Singapore Science Centre

Many attractions and recreation facilities for families like the Jurong Lake , Safra Clubhouse Jurong, Jurong West Sports Centre and Singapore Science Centre. Your days of not having any plans with the family is over!

nearby busstop shoppingmalls atms childcarecentre

Site Plan

Westwood Residences site plan

E-Brochure & Floorplan

 E-Brochure

Please download e-brochure below

westwoods-download

Interested to view show flat?

Call us now +65 9048 0660 to arrange an appointment 


 Westwood Residences EC Floor Plans

 2 Bedroom 

Westwood Residences Floor Plan

3 Bedroom

Westwood Residences EC Floor Plan Westwood Residences Floor Plan

3 Bedroom Preminium

Westwood Residences Floor Plan Westwood Residences Floor Plan Westwood Residences Floor Plan

4 Bedroom

Westwood Residences Floor Plan

4 Bedroom PremiumWestwood Residences Floor Plan

5 Bedroom Westwood Residences Floor Plan    

Please Download E-Brochure to view more Floor Plans

 

Eligibility & Financing

Bellewaters EC Official – Eligibility

You must meet the following conditions to buy an Executive Condominium (EC):

Citizenship
  • You must be a Singapore Citizen
  • Your family nucleus must comprise at least another Singapore Citizen or Singapore Permanent Resident
Age
  • You must be at least 21 years old at the time of application
  • If you are buying an EC under the Joint Singles Scheme, you must be at least 35 years old

 

Family Nucleus
You must form a proper family nucleus under one of the following schemes:
Type of Scheme Family Nucleus Requirement
Public You, the applicant and;
  • Your spouse, and children (if any)
  • Your parents, and siblings (if any)
  • Your children under your legal custody, care and control (for widowed / divorced)
Fiancé / Fiancée You, the applicant and your fiancé / fiancée
Orphan You, the applicant and;
  • Your unmarried siblings, or
  • Another single unrelated orphan
Joint Singles You, the applicant and another single person

You may buy a dual-key EC units offered by the developer if you form a multi-generation family as follows:

(i) Married couple with parents / grandparents
(ii) Fiancé and fiancée couple with parents / grandparents
(iii) Widowed / divorced with children and parents / grandparents

Income Ceiling
Your gross monthly household income must not exceed $14,000.

 Special Requirement for Undischarged Bankrupts

Undischarged bankrupts need to seek the Official Assignee (OA)’s consent if they are applying for an EC.
However, they do not need to seek the OA’s approval to be listed as an occupier.
 
Ownership in Private Property
You, your spouse, any occupiers listed in the Application Form or their spouses must not
own or dispose or have an estate or interest in any other flat, house, building or land*
  • Within 30 months before the date of application, and
  • Between the application date and the date of taking possession of the EC

* includes but not limited to:

  • HUDC flats (Privatised and Non-Privatised)
  • Properties acquired by gift
  • Properties inherited as beneficiaries under a will or as a result of the Intestate Succession Act
  • Private properties
  • Properties owned / acquired / disposed through nominees regardless of properties location
Owners / Ex-owners of HDB Flats / DBSS Flats / EC units
Each eligible Singaporean household can buy the following housing unit only twice:
  • a flat from the HDB;
  • a resale flat with the CPF Housing Grant*;
  • a DBSS flat from developer;
  • an EC unit from developer.

*Only applicable for first-timer applicants

If you have already bought two housing units, you will not be eligible

to apply or be listed as an essential occupier in an application.

First-timer Applicants
You and the essential family members listed in the application for purchase of the EC must not:
  • Be the owners of a flat bought direct from HDB, a DBSS flat or an Executive Condominium bought from the developer
  • Have sold a flat bought direct from HDB, a DBSS flat or an Executive Condominium bought from the developer
  • Have received the CPF Housing Grant for the purchase of an HDB resale flat
  • Have taken other forms of housing subsidy (for example, benefitted under the Selective En bloc Redevelopment Scheme, privatisation of HUDC estate etc)
Higher Quota of the EC Supply for First-time Applicants during Initial Launch Period
From 2 March 2012, the developers will set aside 70% of the supply for first-timers during the initial launch period.
 
Second-timer Applicants
You or the essential family members listed in your application have owned / sold or are currently owners of:
  • Any HDB flat that was bought from HDB, or
  • Any resale flat that was bought under the CPF Housing Grant Scheme, or
  • A DBSS flat or an EC bought from the developer, or
  • Have enjoyed other forms of housing subsidy (for example, enjoyed benefits under the Selective En bloc Redevelopment Scheme, privatisation of HUDC estate etc.)
Payment of Resale Levy
Second-timers who apply for new EC projects where the land sale was launched on or after 9 Dec 2013, are required to pay the resale levy.

However, second-timers are not required to pay the resale levy if they apply to buy EC units in projects where their land sale was launched before 9 Dec 2013

 

Those who have previously bought a flat from the HDB or taken a CPF Housing Grant, will have to pay a resale levy when they next buy a flat from the HDB.

The resale levy is meant to reduce the subsidy on the second subsidised flat so as to maintain a fair allocation of public housing subsidies between first- and second-timer citizen families.

Existing Owner or Ex-Owner
Are you, your spouse or any of the essential occupiers listed in the application an existing owner or ex-owner of a:
  • Flat bought directly from HDB
  • DBSS flat bought from the developers
  • Resale flat bought under the CPF Housing Grant Scheme

 

If you belong to any of the above categories, you may apply to buy an EC on condition that a 5-year period (excluding any period of subletting of the whole flat) has lapsed from the *date of taking possession of the flat to the date of application for a new EC.

* The date of taking possession refers to following dates (whichever is applicable):

  • Date of key collection, for flats that are bought direct from HDB
  • Date of resale completion, for purchase of resale flats from the open market bought with the CPF Housing Grant
  • Date of transfer at market value of the flat bought with CPF Housing Grant
  • Date of key collection for EC / DBSS flats bought from the developer
Ex-owners of an EC
Are you, your spouse or any of the essential occupiers listed in the application an ex-owner of an EC bought directly from the developer?

If yes, you would need to meet a 5-year period from the date of taking possession of the earlier EC.

 30-Month Period

In addition, you need to wait out a 30-month period from the effective date of disposal

(i.e., date of legal completion of the sale of their EC, evidenced by the

Notice of Transfer or such other documentary evidence as HDB may require)

of the EC before you can apply to buy another EC directly from the developer.

Essential Occupiers
You or any person listed the application must not be currently listed as an essential occupier of:
  • An existing HDB flat bought directly from HDB,
  • A DBSS flat bought under the CPF Housing Grant Scheme, or,
  • A resale flat bought under the CPF Housing Grant Scheme

However, an essential occupier may apply or be included in an application only if he has stayed in the existing flat

for 5 years from the *date of taking possession of the existing flat to the date of application for an EC.

* The date of taking possession refers to:

  • The date of key collection, for flats that are bought directly from HDB
  • The date of resale completion, for purchase of resale flats from the open market bought with the CPF Housing Grant
  • The date of transfer at market value of the flat bought with CPF Housing Grant
  • The date of key collection for EC / DBSS flats bought from the developer, whichever is applicable.
Cancellation of Application After Booking a Flat
If you book a flat from the March 2012 Build-To-Order and Sale of Balance Flats Exercises onwards and subsequently cancel the flat booking,
you will have to meet a 1-year period from the date of cancellation before you can apply or included as an essential occupier in an application for a:
  • new HDB flat
  • DBSS flat from developers
  • Executive Condominium unit from the developers
  • resale flat with CPF Housing Grant
  • resale flat that has been announced for SERS
Divorcees
Within three years from the date of the divorce, only one party in the divorce can own one of the following housing units:
  • a flat bought directly from the HDB
  • a DBSS flat / EC bought directly from a private developer
  • a resale flat bought from open market under the CPF Housing Grant Scheme


If you have an existing matrimonial home, which is one of the above, and that home is retained by your ex-spouse, you may apply to buy or be listed as an essential occupier in any of the above housing unit only three years after your date of divorce.

However, this three-year wait out period will not apply if you are buying any of the above homes with:
 your parents or a new spouse, or if you are buying a resale flat from the open market without the CPF Housing Grant.

 If there is no matrimonial home or the matrimonial home was bought from the open market without any CPF Housing Grant, you may apply for any of the above housing units after you get your ex-spouse’s consent not to own or be listed as an essential occupier in any of the above housing units within the three-year period from the date of divorce.

The requirement for ex-spouse’s consent is waived if you are buying any of the above housing units with:

your parents or a new spouse or if you are buying a resale flat from the open market without the CPF Housing Grant.

The requirement to seek ex-spouse’s consent during the three-year period from the date of divorce is also waived if you meet the following conditions:

  • All your children are below 18 years old at the date of divorce; and
  • You have the legal custody of all your children and are also the only parent with the care and control of all your children.
Person Who Has Bought an EC / DBSS Flat with CPF Housing Grant
A person who bought an EC or DBSS flat with CPF Housing Grant and terminated the Sale and Purchase Agreement may apply to buy an EC.

However, this is allowed on the condition that a 5-year period has lapsed from the termination date of the

Sale & Purchase Agreement of their earlier EC or DBSS flat purchase, to the date of application date for an EC.

unsureCall us for a friendly discussion +65 9048 0660


Financing

 Financing An Executive Condominium

Buying an Executive Condominium (EC) is a long term financial commitment.  Moving past the issue of 'Should I Buy an EC Now?', the next logical step for potential homebuyer is to check whether it is within their means to buy an EC unit. 

1. Consider What is Needed

Besides the need to know an estimate of how much monies is needed in totalilty, homebuyers should be familar with the payment timeline.  In addition, what other cost will be involved such as stamp, legal fees and applicable regulatory measures.

Unlike buying a BTO unit from HDB, there is no HDB housing loan for the purchase of EC unit.  Applicants are advised to check on their loan eligibility from banks or financial institutions licensed by the Monetary Authority of Singapore before committing to a purchase of an EC unit.    

In general, following would be required for the purchase an EC unit under construction. For specific details, please check with the bank or solicitor regarding financing matter.

 

EC Payment Schedule


 

2.  Next, Consider Your Available Resources 


a. Monies in CPF Ordinary Account -  The saving in the CPF Ordinary Account (including Housing Grant, if any) can be used to pay for remaining 15% downpayment.

Only the applicant and co-applicants can use their CPF monies for the purchase of the EC unit, occupiers listed in the aplication are not allowed to use their monies for this purpose.

Login here with your Singpass to check the CPF Ordinary Account balance
(CPF website –> My Statement -> Section A)
 CPF Logo

 b.  Cash -  The minimum cash amount needed is the Option Fee of 5% of purchase price.  This is based on the assumption that applicant(s) can secure the maximum 80% loan from bank and there are enough  CPF monies in the applicant(s) account to pay the balance downpayment of 15%, the legal and stamp fees.  If not, any of these shortfall would need to be paid in cash.

For applicant(s) with bank loan less than 80%, and who plan to use part cash and part CPF to pay for the total required amount, the payment system is "Cash first, CPF later" and not "CPF first, cash later".   So, do the sum correctly, the minimum cash amount could be substantially higher if your CPF cannot be used for the balance downpayment and stamp duty as it has been reserved for later stage payment.   

c. Bank Loan.   It is advisable to get an In Principle Approval (IPA) done with at least one bank before you do a booking.  IPA is an amount that bank is potentially prepared to lend based on the borrower's income, credit history and prevailing regulatory control measures.  IPA is not a guarantee, but it does give the applicants an indication how much they can stretch to find a unit that best meet their needs.

Different banks may offer different interest rates packages and IPA limit.  However, with the 60% Total Debt Servicing Ratio (TDSR) framework (MAS Notice 43 29 June 2103) and the 30% Mortgage Servicing Ratio (MSR) public housing alignment, bank is taking longer to process and are now more stringent in offering mortgage loan. Ideally, the IPA should be done with at least one bank before you visit the showflat.  

About Home Loans - Key Questions to Ask the Bank Before Taking a Home Loan

d. Existing Flat. This is an useful asset that can be used to finance the purchase of an EC unit. For 2nd timer applicant, there is no resale levy to be paid for the purchase on an EC whose land was bought before 9 Dec 2013. As EC unit are meant for owners' occupation, buyers and essential occupiers listed in the application must sell their exisiting flat within 6 months from the date of Temporary Occupation Permit (TOP).

When Should the existing flat be sold?

If you need the sales proceed from the existing flat to pay for the downpayment, as a minimum, your existing flat OTP should have been exercised and you are waiting for the 1st appointment or thereafter. 

If you are risk adverse, follow the guidelines to sell your unit within 6 months from TOP. Your unit can be marketed a couple of months just before the TOP. 

If you predict prices will head south, you can consider selling your unit anytime after your applicaton to purchase of EC been approved. If your prediction is wrong, your uncompleted EC unit would similarly have appreciated in value. If you are right, the opportunity cost and price differential between selling earlier and TOP time may be more than enough to offset your rental cost. 

You may also consider selling your existing flat early if you need an address to be within a km of the desired school for your children. 

(So when is the best time to sell? What is the estimated valuation? How much estimated sales proceeds will you get and how much to use for loan redemption? These are the typical questions my clients ask, Do contact me if you like me to share my opinion to any of the above matters) 

e. Monthly CPF contribution. Buyer can use their savings and monthly CPF contribution to the Ordinary Account to service their mortgage loan. Under the CPF Board's requirements (since 1 January 2008), the CPF withdrawing limit for a housing loan obtained from a bank or financial institution is set at the lower of 120% of the Valuation Limit or the Available Housing Withdrawal Limit (AHWL). Once the CPF withdrawal limit is reached, mortgagors will have to pay their monthly instalments in cash

Also, do take note that besides the cap on $5000 salary, the CPF contribution rate decreases with the age of 35, with marked reduction in rate at 50 years of age.  With effect from 1Jan 2016, the salary cap on CPF is raised from $5000 to $6000.


CPF Contribution and Allocation Rates 

3. Finally, put the financial numbers together. 

The outcome here is obvious. Applicants can go ahead with the booking if they have the financial resources to cover all the required payments before bank disbursement of loan and am comfortable with the monthly payment to service the loan.  

It can be a daunting task for some to get the calculation and numbers work out. Imagine the effort if numerous tweaks and/or 'what if' scenarios for different loan quantum and tenure need to be work out in order to determine the best comfort zone.  This is where the value of a competent agent is appreciated. 

News Media

Genting Hotel Jurong

Warm reception expected for Westwood EC site

PROPERTY consultants agree that the executive condominium (EC) site in Westwood Avenue will be warmly received, but getting them to agree on their pricing expectations is another matter.

That site was one of two released for tender yesterday by the government, the other being a 99-year leasehold residential site in Lorong Lew Lian.

With the Westwood site, the cost per square foot per plot ratio (psf ppr) cited as likely by consultants ranged from $285 to $380.

On the lower end of the range was SLP International's executive director Nicholas Mak, who said he expects a top bid of between $285 and $313 psf ppr.

Taking the middle ground is Alice Tan, an associate director for consultancy and research at Knight Frank, who expects the winning bid to come in at between $330 and $360 psf ppr; DTZ's head of research Lee Lay Keng gave a range in the same ballpark - between $325 and $365 psf ppr.

Ms Tan said that she expected "moderately healthy interest" in the site, although there were four other confirmed EC sites on the Government Land Sales Programme in the second half of this year, and one potential site on the reserve list. "The upcoming sites could see stronger interest, given their proximity to train stations."

The Westwood site spans 186,052 sq ft and has a maximum permissible gross floor area of 520,945 sq ft, based on a gross plot ratio of 2.8.

That the area has not seen the launch of many EC sites for more than a decade - other than a recent sale of a site in Yuan Ching Road - supports some consultants' thesis of pent-up demand. The last two ECs in the area, Summerdale and The Floravale, were launched in 1997.

Pent-up demand underpins the bullish expectations of consultants who cited psf ppr prices on the higher end: Orange Tee's head of research Christine Li and Ong Kah Seng, the director at R'ST Research, gave a range of $360 to $380 psf ppr.

Ms Li also said that the tightening of the mortgage-servicing ratio, the lowering of loan tenure and the implementation of the Total Debt Servicing Ratio (TDSR) framework were measures working in favour of the EC market.

Mr Ong noted that 11,329 EC units were sold between Q4 2010 - when ECs were introduced as a housing class - and Q3 this year. This translates to a yearly average of 3,770 EC units sold each year.

Assuming that previously sold EC sites in Yuan Ching Road, Punggol Drive, and Punggol Central are launched by the end of next year, a maximum of 3,110 EC units will become available next year.

"The supply in 2014 may be insufficient to cater to EC buyers, based on an average yearly demand of 3,770 units," said Mr Ong, who noted that this figure does not take into account buyers who applied but failed to land a unit. "Given that the TDSR will encourage prudent buying, and more EC-eligible buyers will opt for ECs over private condominium units, the recent historical annual demand for ECs should be sustained or grow even stronger going into 2014," he said.

The tender for the Westwood site closes at noon on Jan 7.

The site in Lorong Lew Lian, measuring 150,762 sq ft and with a maximum permissible gross floor area of 452,288 sq ft, was released on the reserve list.

But DTZ's Ms Lee said that the site is unlikely to be triggered in the near term.

Mr Ong, agreeing, said that developers might not trigger the site for sale till the second quarter of next year, given the existing cautious sentiment.

Assuming the site is triggered next year, Mr Ong said that he expects about five bids for the site, with an expected top land bid of between $430 and $490 psf ppr.

SLP International's Mr Mak said that he expects the site to achieve a land price of $620-720 psf ppr, assuming the site was launched for sale today.

The two residential sites are expected to yield 980 housing units.

Source: iProperty


Bullish bids for Jurong EC site

SINGAPORE — Developers remain confident about the prospects of the executive condominium (EC) market, placing bullish bids for a site for the hybrid private-public homes yesterday, even though demand could be curbed after rules governing the housing scheme were tightened last month.

The tender for the 186,052 sq ft site at Westwood Avenue in Jurong West, the first to close after last month’s changes, was closely watched as a litmus test for the EC market. It attracted 12 bids, with the top bid of S$198.9 million placed jointly by Changi Properties and Heeton Homes, the Housing and Development Board (HDB) said.

With a plot ratio of 2.8 and a maximum permissible gross floor area of 520,945 sq ft, the top bid translates to S$381.81 per sq ft per plot ratio.

The second-highest bid, put in by Verwood Holdings and TID Residential, trailed the top bid by only 0.5 per cent, at S$198 million.

Ms Chia Siew Chuin, Colliers International Director of Research and Advisory, said: “The strong participation rate, as well as the close competition among the top bids, signifies that developers still believe the EC market is undersupplied, notwithstanding the recent change in the mortgage servicing ratio (MSR) policy.”

Analysts had expected the MSR to hit demand, but some said the overwhelming response to the Westwood Avenue site could be due to pent-up demand for ECs in Jurong due to the lack of such developments there in recent years.

“A possible reason this tender attracted a bullish top bid is that the top bidder is very confident this EC project will face minimal competition when it is launched in 2015, as there is limited supply of new EC developments in this location,” said Mr Nicholas Mak, Executive Director of Research and Consultancy at SLP International Property Consultants.

The only other EC land parcel under development in the area is the Yuan Ching Road site that was sold at a record of S$418.53 psf ppr in July.

The last EC launch there has been fully privatised after fulfilling the 10-year occupation period, according to Ms Christine Li, OrangeTee’s Head of Research and Consultancy.

She estimated the selling price of the Westwood Avenue EC at S$820 psf, considering a breakeven of around S$750 psf.

Souce: STProperty


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Westwood Residences News


Westwood Residences named among top cycling-friendly projects

Property developers and cities are developing more cycling-friendly projects to cater to the rising number of people who are choosing biking over driving, according to a new Urban Land Institute (ULI) report entitledActive Transportation and Real Estate: The Next Frontier.

The report, which seeks to improve the health of people and communities, studied the impact of active transportation on economic development, public health, air quality, community design and real estate design and investment.

“At its core, the bicycle boom is about people choosing a lifestyle that gives them more options and requires less dependence on motor vehicles.

“Through supporting bike infrastructure, real estate professionals can play a significant role in creating healthier, more sustainable communities. They can also help position their projects and communities in a marketplace that increasingly values active transportation,” stated the report.

One of projects profiled was the 480-unit Westwood Residences in Jurong. Considered the first ever bike-themed development in Singapore, it is due for completion in 2017. Developed by Koh Brothers and Heeton Holdings, the 99-year leasehold project will feature a mini velodrome and a bicycle garage that can house 500 bicycles, secured by a biometrics system.

This kind of project shows that “leading development practitioners are recognising the competitive advantage of investing in active transportation amenities”, the report added.

Meanwhile, nine other real estate developments were profiled in the report; eight in the United States and one in London.

Credits: Propertyguru

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Westwood Residences Rating: 5.0 out of 5 | Review By: Launch Property Singapore | ERA REALTY NETWORK PTE LTD | CEA Reg. No. L3002382K / R027596H | Connect with Launch Property Singapore @