Developed by Baywind Properties, a consortium comprising construction group Lim Wen Heng (LWH) Holdings and mainboard-listed ABR Holdings, the 5-storey development comprises a total of 24 units.
However, analysts also highlighted that not many buyers purchase properties under a trust - as it has to be paid for fully in cash - and as a result, the impact on the broader residential market is seen to be insignificant.