Westwood Residences is an upcoming Executive Condominium that will be launching for sale in May 2015. Developers rode on the wave of EC demand after the implementation of Total Debt Servicing Ratio (TDSR) in June 2013, as the Housing and Development Board upgrader’s existing monthly mortgage payment was not factored into the new framework’s calculations for EC units bought directly from a developer.
Singapore Budget 2016 (Transforming Through Innovation) – Listen to what Minister, Heng Swee Keat (Minister For Finance) have to say about Jurong Innovation District (JID), that will just be a few minutes walking distance away from Westwood Residences EC. JID will be the next generation Industrial District that hold great promises.
Another quality residential development brought to you by Koh Brothers and Heeton Holdings, Westwood Residences EC is a bicycled themed development with its own velodrome and traffic garden for the cycling enthusiast and comes with condominium facilities like club house, security, function room, 50m pool, indoor gym and BBQ area dining.
As Jurong is a relatively mature estate, expect to enjoy lots of amenities nearby Westwood Residences EC. The enormous Jurong Point mall is within walking distance away, and new exciting malls like JEM, Westgate and JCube just a short train ride away.
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.