The visit to The Terrace Executive Condo was a great experience and we are greeted by the salesperson at the showflat. The Terrace EC is actually the last EC that is without resale levy which definitely is a plus point as the recent EC, the buyers would have to pay for this extra resale levy that dampen the buying mood. And not forgetting this EC is the only EC that has waterway view. Usually such sight will only be available for higher tiered private condo.
Developer for this EC is Kheng Leong Co that is reputable as they have track records in Double Bay Residences and Principle Garden. Both are great projects that launched with successful sale transactions too.
Below is some fast facts about the EC.
The Terrace is a 747-unit Executive Condominium (EC) at the junction of Punggol Drive and Edgedale Plains, right next to Kadaloor LRT. At time of writing (Nov 2015), all unit types are still available.
The Terrace is poised to be part of the wave of revitalization encompassing the Punggol district. The project offers residents convenient access to major expressways and is also right next to Kadaloor LRT. Residents are going to have the mega Waterway Point as a nearby mall, with basically every facility you’ll be able to imagine.
The future Seletar Regional Centre and Seletar Aerospace Flyover are within a 10-minute drive from this and The Terrace is going to have an effect on residential costs in the future. The forthcoming Sengkang Hospital will be a 5-minute drive away and combined, these developments will develop a job market in the area also.
A possible drawback however, is the lack of a range of educational institutions within short space. Secondary and primary schools are tons, which suits Punggol’s profile as a new estate, however there is a lack of tertiary institutes nearby.
Overall, units at The Terrace are adequate-sized and the price tags are fairly affordable. The project could be perfect for new couples or young families seeking a fresh start in keeping with Punggol’s increase narrative. Taking a look at The Terrace could possibly be the first step, in the event you intend to be a part of and later love the transformation of the neighbourhood.