New BTO Fernvale Crest invites healthy demand

Share this article:

Fernvale Crest, the Housing Development Board’s latest BTO (Build-To-Order) launch located at Jalan Kayu, is expected to be well received.

Firstly, the project introduces 2- and 3-room flats to the area, starting at just $74,000 and $116,000 respectively. Fernvale Crest’s 4-room flats, with a starting price tag of just $203,000, should also go down very well with other 4-room flats in the area fetching between $330,000 and $360,000 recently.

“We expect the demand for Fernvale Crest to be hugely popular,” says Adam Tan, Corporate Communications Manager of PropNex, “based on the introduction of new flat types and the low prices of the units. The 4-room flats on offer are cheaper by 35–45% than others in the vicinity.”

He also observes that, for the last few quarters, the median resale prices for the 2- and 3-room flats across the island have all been above even the starting 3-room price tag for Fernvale Crest.

Given the ongoing economic uncertainty, Mr Tan feels it is an exercise of prudence on HDB’s part to price the units so affordably.

“We must also consider the fact,” he points out, “that the area is seeing quite a fair bit of development, with more in the pipelines. There are schools, an LRT station, sports centre, swimming pool and a shopping mall, not to mention various eateries, all within walking distance. And these are balanced by the nearby Sengkang Riverside Park, for those who crave a quiet suburban lifestyle.”

Building on the continued demand for public housing, noting the introduction of new flat types and considering its pricing of 35–45% lower than resale flats in the area, Adam Tan expects Fernvale Crest to be at least five times over-subscribed.

Explore Your Options, Contact Us to Find Out More!

Selling your home can be a stressful and challenging process, which is why it's essential to have a team of professionals on your side to help guide you through the journey. Our team is dedicated to helping you achieve the best possible outcome when selling your home.

We have years of experience and a proven track record of successfully selling homes in a timely and efficient manner.

Find Your Ideal Property: Take the First Step and Indicate Your Interest!

Name

Mobile

Message

I hereby agree and consent to the collection, use, and disclosure of my personal data by the company, its related companies, and business partners, in relation to their products and services, including notifications of events, promotions, and the future delivery of marketing information.

By proceeding, I confirm that I have read and agreed to the Privacy Policy.

Property News

Press Release

New BTO Fernvale Crest invites healthy demand

Find Your Ideal Property: Take the First Step and Indicate Your Interest!

More Property News

Private Home Prices Dipped In Q3 2024 But Skies Are Clearing For New Home Sales; Hdb Resale Market Continued To Strengthen

Renewed Buying Interest And A Fresh City Fringe Project Launch Helped To Rev Up Developers' Sales In September

Freehold Bungalow In Caldecott Hill Estate Good Class Bungalow (Gcb) Area Put Up For Sale Via Private Treaty For An Indicative Price Of $21.8 Million

Q3 2024 Flash Data: Private Home Prices Fell On Weaker Sales, HDB Resale Flat Prices Gained Strength

Developers' Sales Surged In October 2024 Amid New Projects Being Launched And A Bounce In Market Confidence

Private Home Prices Dipped In Q3 2024 But Skies Are Clearing For New Home Sales; Hdb Resale Market Continued To Strengthen

Renewed Buying Interest And A Fresh City Fringe Project Launch Helped To Rev Up Developers' Sales In September

Freehold Bungalow In Caldecott Hill Estate Good Class Bungalow (Gcb) Area Put Up For Sale Via Private Treaty For An Indicative Price Of $21.8 Million

Q3 2024 Flash Data: Private Home Prices Fell On Weaker Sales, HDB Resale Flat Prices Gained Strength

Developers' Sales Surged In October 2024 Amid New Projects Being Launched And A Bounce In Market Confidence

Private Home Prices Dipped In Q3 2024 But Skies Are Clearing For New Home Sales; Hdb Resale Market Continued To Strengthen

Renewed Buying Interest And A Fresh City Fringe Project Launch Helped To Rev Up Developers' Sales In September

Freehold Bungalow In Caldecott Hill Estate Good Class Bungalow (Gcb) Area Put Up For Sale Via Private Treaty For An Indicative Price Of $21.8 Million

Discover New Launch Projects

Appointed Marketing Agency:

Quick Links