PARK COLONIAL @ WOODLEIGH MRT
The Park Colonial condominium at Woodleigh Lane, together with The Woodleigh Residences, occupy the two most convenient locations around the very popular new Bidadari estate. Both are right beside Woodleigh MRT station, on either side of it.
But whereas Woodleigh Residences is the residential part of a mixed development that includes Woodleigh Mall, Park Colonial is a pure residential project. Yet it is also directly connected to the mall, via the underpass to the MRT station.
So if you prefer a pure condominium, but want the convenience of direct sheltered access to an MRT station and mall without having to sit on it, then Park Colonial condo is the place for you. It is being launched for sale in the 2nd Quarter of 2018 by a joint venture of CEL Development and Unique Real Estate.
This URA land sale site was keenly contested. 15 bidders took part in the tender, with CEL and Unique’s top bid of S$700.7 million just 0.8% higher than the second placed contender. In fact the top 4 bids were neck-to-neck, within a tight 3.6 per cent range. And the top 5 bids all came in at above SGD$1,000 per square foot per plat ratio (PSF PPR).
The aggressive bidding – with so many offers exceeding expectations – for the Park Colonial parcel was driven by the developers’ determination to secure what is seen as a plum site at the attractive Bidadari estate, in a rising market.
Park Colonial Condo Locational Attributes
Strictly speaking, the Park Colonial condo location is not inside Bidadari Estate itself, but just outside, on its edge. However it will still get to enjoy all the amenities that Bidadari offers, being only a couple of minutes walk across from it.
Bidadari Estate is often referred to as the “future Bishan”. It has the attributes of Bishan – a new estate fairly close to the CBD, with highly regarded schools. HDB flat launches at Bidadari are priced at a premium but still many times over-subscribed.
Bidadari is envisioned as a “community in a garden” with scenic walks, and homes surrounded by landscaping. It is designed around the 10 ha (over 1 million sq ft) Bidadari Park that includes the new Alkaff Lake, named after the Arab family who built Alkaff Lake Gardens there in 1929.
So Park Colonial buyers will be near the city centre, yet live in green surroundings that include a big park and a lake, with good schools nearby for their kids.
About Park Colonial Condominium
The site of the Park Colonial condo is within an established estate. To its north-west is Avon Park condominium. To its south across Woodleigh Lane is the Stamford American International school.
Between the two at certain angles, residents will get unblocked views as the site is adjacent to a landed housing area.
Park Colonial condominium will be 16 storeys high, and comprise around 800 units. It is likely to complete around the second half of 2022.
The Woodleigh Mall across the road will complete around the same time. It will be connected via the MRT underpass and will offer shops, food & beverage choices, and educational and medical services.
PARK COLONIAL · BIDADARI ESTATE
PARK COLONIAL CONDO · FACTSHEET
|Developer||CEL Unique Development Pte Ltd
(JV of Chip Eng Seng Corp, Heeton Holdings and KSH Holdings)
|Status||Condominium (Foreigners eligible to buy)|
|Address||2 Woodleigh Lane, Singapore 347693|
|Site Area||19,546.9 m² (210,403 sq ft)|
|Floor Area||58,641 m² (631,208 sq ft)|
|Tenure||99 years leasehold|
|T.O.P. Date||2nd Half of 2022|
|No. of Units||Approximately 800|
|Description||Private condominium development with full communal facilities, pools and car parking beside Woodleigh MRT station|
PARK COLONIAL FLOOR PLANS
The Park Colonial condo floor plans are not finalised yet. Kindly drop us a note via the Contact Form if you would like the Park Colonial floor plans to be emailed to you once available.
PARK COLONIAL CONDO SITE PLAN
The Park Colonial site is next to Woodleigh MRT station, and adjacent to Bidadari New Town. It occupies a triangular plot of land that has quite a wide frontage.
On its eastern side is Upper Serangoon Road, and the upcoming Woodleigh Mall & Residences. Its longest frontage faces north-west to the Avon Park condominium and surrounding land that is zoned residential. Running along its southern boundary is Woodleigh Lane, a small road. Across is the Stamford American International School, a low to mid-rise complex with fields that provide some open views to Park Colonial condo residents on mid to high floors.
PARK COLONIAL SHOWFLAT · VIEWING
The Park Colonial showflat is not open for viewing yet. Please let us know via the Contact Form if you wish to be kept posted on when the Park Colonial condo showflat opens.
PARK COLONIAL PRICES · UNIT TYPES
UNIT TYPES . SIZES
|Unit Description||Type||No. of Units||Strata Area
|Total Number of Units||Approx. 800|
Floor areas stated includes any Voids, Patios, Balconies, Terraces, A/C Ledges.
PARK COLONIAL PRICE RANGES
Status as at 25 April 2018 – prices not finalised yet. Please drop us a note below if you wish to be kept posted on indicative pricing.
As with other new launches, exact Park Colonial condo prices will only be announced on the Preview sales day. But indicative pricing will usually be released earlier.
CEL & Unique Development was awarded the tender for the Park Colonial site at a winning bid of $700.7 million. This translates to $11,948.99 per sq m, or roughly $1,110 per sq ft per plot ratio (PSF PPR).
The top 4 bids were very close, all coming in within a tight 3.6% range. This implies a fair bit of consensus among developers as to the value of this site, and what it should sell at.
At this tender price, the break even cost is likely to be around $1,650 to $1,700 PSF, which could lead to an eventual average sale price of above $1,800 PSF.
This seems fairly in line with the current market, that is seeing $1,350 PSF at the outskirts of Tampines, and strong sales too at Park Place Residences, Paya Lebar MRT at $2,000 PSF recently.
Note that when an average PSF pricing is mentioned for project, it usually refers to the 3 bedroom units. Smaller units, like the one and 2 bedders, would typically command a higher PSF pricing than the average for a project.
PARK COLONIAL SINGAPORE · DEVELOPER
Chip Eng Seng Corporation (CES)
CES is a mainboard listed public company on the Stock Exchange of Singapore, with over 30 years experience in the construction industry. Over the years, it has built a reputation and track record as a specialist in high-value contracts, and in “Design & Build” turnkey projects.
CES places a strong emphasis on solid ethical practices and building quality homes. With its experience and expertise, it has mostly completed its projects on or ahead of schedule without compromising quality.
CEL Development PL (CEL) is a wholly owned subsidiary of CES, spearheading the Group’s property development and investment business since 2000. The current portfolio of CEL ranges from residential to commercial and industrial properties, and includes mid-market and high-end prime properties.
With projects and investment interests in Singapore, Australia and Vietnam, CEL has chalked up impressive growth in recent years. Completed projects include Grange Infinite, Fulcrum @ Fort Road, Ventuno Balmoral, Alexandra Central, My Manhattan, and CityVista Residences, amongst several others.
Heeton Holdings Limited (Heeton)
Heeton was established in 1976, and has been listed on the Singapore Exchange since 2003. It is engaged in property development and property investment in Singapore and overseas.
The Group has a niche focus of developing high quality homes in Singapore’s prime districts. Completed properties include The Element@Stevens at Steven Road, DLV at Dalvey Road, and semi-detached and detached houses along Holland Road.
Heeton also undertakes property development both locally and in the region, in partnership with other established developers. Such joint-venture projects include The Lumos at Leonie Hill, The Boutiq at Killiney Road, Lincoln Suites off Newton Road, and Twins at Damansara Heights, KL.
The Group prides itself on building unique homes of international standard. In testament to this, Heeton brought in YOO Inspired by Starck, a world-renowned design company co-founded by designer Philippe Starck, to design the interior and gardens of iLiv@Grange.
KSH Holdings Limited (KSH)
KSH is an established construction and property investment and development company set up in 1979, and listed on the Mainboard of the SGX-ST in 2007.
It is an A1-graded contractor, able to tender for public sector construction projects of unlimited value, with an established record of handling projects across a wide spectrum of industries. KSH has won several BCA Construction Excellence Awards such as for Madison Residences in 2014, NUS University Town’s Education Resource Centre in 2013, and Fullerton Bay Hotel.
Through joint ventures, KSH’s investments and property development covers a whole range of residential, hospitality, commercial, and mixed-use developments. Besides executing projects, it jointly acquires property including Grade A offices in Singapore, and other countries like China, Malaysia, Australia, the United Kingdom, and Japan.
PARK COLONIAL LOCATION · FEATURES
Location. The Park Colonial location is adjacent to the new Bidadari estate that is part of Toa Payoh town. Bidadari spans 93ha, just over 10 million sq ft, in the area bounded by Sennett Estate, Upper Serangoon Road, Bartley Road, and Mount Vernon Road.
Shops, Banks, F&B, Supermarkets. Park Colonial is directly linked via the MRT underpass to The Woodleigh Mall, a 28,000 sq ft retail development that will provide residents here with a well-provisioned and vibrant mall in park-like surroundings. Close to that is Bidadari market square that will house a food court and basement bus interchange.
In addition, being beside the Woodleigh MRT station means easy access to other shopping centres on the North-East line. Such as the huge Nex mall one stop up the line at Serangoon station, or Orchard Road 5 stops down the line at Doby Ghaut station.
Lifestyle Amenities. A 5 minute walk will bring Park Colonial condo residents to Alkaff Lake, and the greenery of Bidadari Park.
Another highlight will be the Bidadari Heritage Walk, that will be created to preserve the rich memories and heritage of the estate. Beautifully lined by a canopy of mature trees, the 700m long Heritage Walk will recall the history of Bidadari’s heritage and of prominent historical personalities in Singapore.
Schools. The Park Colonial location will appeal to parents looking for good primary schools within the important 1 to 2 km radius. It is within 1km of Cedar Girl’s Primary School, and parts of it are within 1km of Maris Stella and St Andrews Junior schools (and their respective secondary schools).
It is also within 2km of Kuo Chuan Presbyterian Primary, YangZheng Primary, and Pei Chun Public School.
“Green” Features. “Green” features have been incorporated into the planning of Bidadari. It will be “car-light” and designed to be safe and convenient for cyclists, to encourage cycling or walking rather than driving.
A 1.8km park connector will cut through the estate, part of a cycling route that will run from Punggol to Kallang. This Bidadari Greenway will act as a green spine fringing Bidadari Park Drive Road.
Nearest MRT Station. The Park Colonial condo location adjacent to Woodleigh MRT station is a key advantage of this place. While there are many condos within 5 minutes walk of an MRT station, the number that are right beside one with direct links to it, are obviously limited. Many buyers and tenants are prepared to pay a premium for the sheer convenience of it.
Accessibility. The Park Colonial location is pretty central, and in fact considered a Rest of Central Region (RCR) location. It is 5 to 10 minutes drive to the Pan Island Expressway, that provides access to the other expressways around the island.
- 1 to 3 Mins Walk to MRT
- 10 to 12 Mins Walk to MRT
- 13 to 15 Mins Walk to MRT
- 16 to 18 Mins Walk to MRT
- 19 to 21 Mins Walk to MRT
- 22 to 24 Mins Walk to MRT
- 25 to 27 Mins Walk to MRT
- 28 to 30 Mins Walk to MRT
- 4 to 6 Mins Walk to MRT
- 7 to 9 Mins Walk to MRT
- Deferred Payment Scheme
- Luxury High-End Project
- Near Park / Nature Reserve
- Near Reservoir
- Near Shopping Mall
- Near Sports Complex
- Payment Scheme
- Prime District
- Progressive Payment Scheme
- Proximity to Primary School
- Sea / Water Views
- Special Discounts
- Special Features
- Star Buys
- Walk to MRT
- Within 1KM of Ai Tong Primary School
- Within 1KM of Catholic High
- Within 1KM of Cedar Girls Primary School
- Within 1KM of Holy Innocents Primary School
- Within 1KM of Maris Stella
- Within 1KM of Nan Chiau Primary School
- Within 1KM of Nan Hua Primary School
- Within 1KM of Ngee Ann Primary School
- Within 1KM of Raffles Girls Primary School
- Within 1KM of River Valley Primary School
- Within 1KM of Rosyth Primary School
- Within 1KM of St Andrews Primary School
- Within 1KM of Tao Nan Primary School
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