Park Colonial at Woodleigh Lane is besides Woodleigh Mrt. One of the upcoming projects in Singapore, which will complete together with the new Bidadari Singapore estate. Coming soon.
Launched for sale on 30 May under the confirmed list of the first half 2017 Government Land Sales programme, Park Colonial at 1 Woodleigh Lane is one of upcoming projects in Singapore for 2018. This development will also add an unique look to the new estate of Bidadari Singapore.
It is located just next to Woodleigh MRT station and is jointly developed by CEL Unique Development, which is 60 per cent owned by Chip Eng Seng Corp, and 40 per cent by Unique Real Estate. Unique Real Estate is a joint venture of Heeton Holdings and KSH Holdings units.
Analysts had predicted stiff competition for the 1.9ha site due to its location near Woodleigh MRT station and opposite of Upper Serangoon Road. This is one of the prime area in District 13 which the URA has plans to developed Bidadari Singapore given recent aggressive land bidding behaviour.
The winning margin of 0.8% and the large number of bidders — 15 participants, the second highest YTD to the Toh Tuck land site — indicate that competition for land sites is still strong.
In a Wednesday report by DBS Group Research, lead analyst Rachel Tan noticed three key interesting trends in the bids.
Firstly, local developers are getting more aggressive in their bids; Secondly, there were fewer foreign developers bidding for the site and lastly, JVs were formed to bid for the land with City Developments bidding twice.
Potential of Woodleigh Lane Parcel site
Tan says the Woodleigh Lane land parcel has the potential to ride on the rejuvenation of the neighbourhood.
The land parcel is located opposite to the Upper Serangoon Road land site next to Woodleigh MRT station. A tender for a mixed-use development closed in June at $1,181 psf. The estimated number of residential units for the site is 735.
Another exciting ingredient is the development prospects of the former cemetery site at Bidadari Estate, spearheaded by close to 11,000 new public housing units and a potential new “Junction 8” on the Upper Serangoon Road site.
DBS estimates the breakeven cost of Woodleigh Lane at $1,600 psf, implying that the launch price could be above $1,700 psf. Recent new launches around the area were priced at $1,400 to $1,500 psf.
The land parcel, at Woodleigh Lane, is located adjacent to Bidadari Singapore New Town, besides Woodleigh MRT station, and is also close to NEX shopping mall and various schools including St Andrew’s Secondary School, Maris Stella High School and Stamford American International School.
“As the location of this site is supported by existing amenities and located right on a transport node, and this site also bodes well for the unfolding of the Bidadari growth story as an upcoming private and public residential address,” he said.
Welcome To Park Colonial
To welcome you, we have curated this website to provide you with the most up-to-date information, site plan, floor plans and compiled them into this handy guide. With this, you are ready to explore the many delights awaiting you around the neighbourhood of Park Colonial. Please also browse through why it is important to buy directly from the developer sales team.
- New Condo Sales At District 13
- Singapore Property Cooling Measures
- Additional Buyer Stamp Duty (ABSD)
- Seller Stamp Duty (SSD)
- Singapore Mortgage Loan-to-Value Ratio (LTV)
- Progressive Monthly Mortgage Payments For New Purchase
Project Name : Park Colonial
Developer : Chip Eng Seng Corp, Heeton Holdings and KSH Holdings
Tenure of Land : 99 years
Estimated T.O.P. : T.B.A.
Address : Woodleigh Lane
More Info at Park Colonial
Developer: CEL Unique • Developer’s Licence No: C1252 • Tenure Of Land: Estate in Fee Simple • Mukim/Lot No: MK 3 LOTS 03389X & 05153A • Encumbrances On The Land: Mortgage in favour of Malayan Banking Berhad • Expected Date Of Vacant Possession: 31 December 2023 • Expected Date Of Legal Completion: 31 December 2026