Singaporeans cannot touch anything below $1 mil RM valuation. This project is meant for locals. $400k+ is probably breakeven price. Demand for this launch is very high.
But the site is still an old plantation waiting to be cleared and levelled and the scheduled completion date is 2021, at least 5 to 6 years later if no delay (but expect the usual delay).
Construction of terrace houses usually takes only about 18 months, I guess the long time frame is due to land clearance, planning and construction of essential amenities like roads system, sewerage, electric supply etc. which normally takes forever to complete.
But 5, 6 years is a very long time to wait.