CDL's Norwood Grand sells 84% of units at $2,067 psf at launch

Woodlands residential project Norwood Grand sold 292 units, or 84 per cent of its 348 units, over its launch weekend, at an average selling price of $2,067 per sq ft (psf).

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Almost all the home buyers, at 99.7 per cent, are Singaporeans or permanent residents, project developer City Developments Limited (CDL) said on Oct 20.

This is the best-performing private residential project launch so far in 2024, CDL said.

All unit types were sold, with only four-bedroom premium plus study units remaining. The units were priced from $988,000 for a one-bedder plus study (about 495 sq ft in size), $1.24 million for a two-bedder (624 sq ft), $1.7 million for a three-bedder deluxe (883 sq ft), and $2.24 million for a four-bedder deluxe plus study (1,173 sq ft).

Norwood Grand is also the best-selling project since November 2023's J'den, said Mr Mark Yip, chief executive of Huttons Asia. "Most of these units are priced $2 million and below, a sweet spot price for buyers," he said. "The prices for the units are competitive and hard to beat."