PROJECT DETAILS
The Housing and Development Board (HDB) has sold 2 sites, mainly a condo site and a mixed development site in Woodleigh Lane and Upper Serangoon Road, which are opposite of one another, and are walking distance to Woodleigh MRT Station, as part of Government Land Sales (GLS), in 2nd and 3rd quarter of 2017.
This land parcel for Mixed development use, is along Upper Serangoon Road, bounded by Woodleigh Link, a new road, Bidadari Park Drive and Upper Aljunied Road, located at the Rest of Central Region, North- East of Singapore. It is listed under the confirmed list of sites and is to be developed into a Mixed development. It has a site area of 274,479 square feet and will house approximately 825 residential apartments with 161,460 square feet of commercial space.
A consortium which comprises of SPH Holdings and Kajima Development won the top bid of S$1.132 billion,which translates into S$1,181 per square foot per plot ratio (psf ppr).
The other land parcel is bounded by Woodleigh Lane and Youngberg Terrace. It is listed under the confirmed list of sites and is to be developed into a condominium. It has a site area of 210,403 square feet and will house 805 residential apartments.
Chip Eng Seng's unit, CEL Unique Development won the top bid of S$700.7 million, which translates to about S$1,100 per square foot per plot ratio (psf ppr). This works out to a break-even price of between S$1500 and S$1,600 psf. and estimated sales price will be S$1,800 psf.
it is located next to Woodleigh MRT Station.
New and Upcoming condo at Woodleigh Link is located in the new satellite town of Bidadari. It will be next to the upcoming Alkaff Courtview, a HDB estate. Future residents of New Condo in Woodleigh Link will also be able to enjoy great greenery view as it will overlook the future Alkaff Lake.
New condo in Woodleigh Link is nearby to other mixed commercial developments and they include The Venue Residences and Shoppes and Poiz Residences, which are 1 MRT Station away at Potong Pasir MRT Station. Other residential developments in the vicinity inlcude The Quinn, The Maisons, Blossoms @ Woodleigh, 8 @ Woodleigh, Nin Residences, Sant Ritz, Sennett Residences, Woodsville, 18 Woodsville and Woodsville Mansion.
New Developments in Bidadari New Town- Woodleigh- Connectivity
Future residents of New Condo in Woodleigh Link will have great accessibility as it is standing next to Woodleigh MRT Station, operating the North-East Line. It will take 9 minutes’ train ride to the Dhoby Ghaut MRT Interchange and 13 minutes’ train ride to Chinatown MRT Interchange. 1 station away is Serangoon MRT Interchange wherre residents can transit to the Circle Line. Future residents will also be able to transit to Downtown Line at the Little India Station which is just 4 train stations away.
For drivers in Woodleigh, it will take approximately 6 minutes drive to Orchard Shopping Belt and 9 minutes away from the Central Business District (CBD), City Centre via Central Expressway (CTE) which has easy conduit to the Pan Island Expressway (PIE), Kallang Expressway (KPE) and Tampines Expressway (TPE) which makes driving convenience to any parts of the Singapore a breeze.
New Developments in Bidadari New Town- Woodleigh- Amenities
With the convenience of having a commercial space right at the doorsteps of their homes, future residents of New Condo at Woodleigh Link will have ease finding amenities for fulfilling their dining, shopping and also entertainment needs. Besides that, future residents can also take a short train right to Potong Pasir MRT Station when the upcoming The Poiz Centre and the Venue Shoppes is located. Alternatively, they could also travel to Serangoon MRT Station, where one of the biggest shopping centre in the North East Region, The Nex Mall is located.
New Developments in Bidadari New Town- Woodleigh- Education
School that are within New Condo at Woodleigh Link vicinity include Cedar Primary School, Maris Stella High School (Primary), Yangzheng Primary School, St Andrew’s Junior School, St. Gabriel’s Primary School, First Toa Payoh Primary School, Pei Chun Public School, Cedar Girls’ Secondary School, Maris Stella High School (Secondary), St. Gabriel’s Secondary School, St. Andrew’s Secondary School, Zhonghua Secondary School, Bartley Secondary School and CHIJ Katong Convent.
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| Project | Woodleigh Lane New Condo- One |
| Developer | CEL Unique Development |
| Location | Woodleigh Lane, Bidadari New Estate |
| District | 13 |
| Tenure | 99 years lease |
| Site Area | 19,547 square metres/ 210,403 square feet |
| GFA: | 58,641 square metres/ 631,211 square feet |
| Plot Ratio | 3.5 |
| Expected TOP: | |
| Total Units | Approximately 735 residential apartments |
| Total Carpark | |
| Development | Condo comprising of communal facilities |
| Unit Type: | |
| Architect | |
| Eligibility | SC/ SC, SC/SPR and Foreigner can buy |
| Project | Condo in Mixed-Use Development in Upper Serangoon Road- Two |
| Developer | Elara 1 and Callisto 1 (SPH Holdings and Kajima Development) |
| Location | Upper Serangoon Road, Bidadari New Estate |
| District | 13 |
| Tenure | 99 years lease |
| Site Area | 10,097.1 square metres/ 108,685.1 square feet |
| GFA: | 30,292 square metres/ 326,063 square feet |
| Plot Ratio | 3.5 |
| Expected TOP: | |
| Total Units | Approximately 825 residential apartments |
| Total Carpark | |
| Development | Residential apartments with Commercial at 1st storey |
| Unit Type: | |
| Architect | |
| Eligibility | SC/ SC, SC/SPR and Foreigner can buy |
LOCATION MAP and AMENITIES
Amenities Near New Developments at Woodleigh
| Category | Important Amenities Near New Developments in Woodleigh | Approximate Distance |
| Train Stations | Woodleigh (NE11) | 0.1km |
| Bus Stop | Woodleigh Stn (Bus: 147, 107, 107M, 133, 13, 853, 853C, NR6) Woodleigh Stn (Bus: 13, 853, 853C, 133, 107, 107M, 147) |
0.1km 0.1km |
| Supermarkets | Fairprice (Potong Pasir Community Centre) Prime (Joo Seng) Cold Storage (NEX) Giant (Kim Keat Ave) |
0.9km 0.9km 1.2km 1.8km |
| Shopping Malls | The Poiz Centre (U/C) Nex Macpherson Mall (M2) The Venue Shoppes |
1.0km 1.2km 1.2km 1.2km |
| Education Institutions | Preschool | |
| Calvary Baptist Kindergarten Lumiere Montessori House PCF Geylang Serai Blk 14 PCF Potong Pasir Blk 143 Ramakrishna Mission Sarada Kindergarten The Ascension Kindergarten Bethany Kindergarten Bethesda (Bukit Arang) Kindergartens PCF Braddell Heights Blk 417 CS Montessori Kindergarten @ Serangoon |
0.8km 0.9km 1.0km 1.0km 1.0km 1.2km 1.2km 1.2km 1.2km 1.2km |
|
| Primary | ||
| Cedar Primary School Maris Stella High School (Primary) Yangzheng Primary School St Andrew’s Junior School St. Gabriel’s Primary School First Toa Payoh Primary School Pei Chun Public School |
0.6km 0.7km 1.1km 1.2km 1.5km 1.8km 1.8km |
|
| Secondary | ||
| Cedar Girls’ Secondary School Maris Stella High School (Secondary) St. Gabriel’s Secondary School St. Andrew’s Secondary School Zhonghua Secondary School Bartley Secondary School CHIJ Katong Convent |
0.6km 0.7km 0.9km 1.1km 1.1km 1.2km 1.6km |
|
| Junior College | ||
| St. Andrew’s Junior College Nanyang Junior College |
1.1km 1.2km |
|
| Tertiary | ||
| Curtin University Singapore | 2.4km | |
| International | ||
| Stamford American International School Australian International School |
0.4km 1.9km |
|
| Food Centre | Joo Seng Food Place Kim Keat Palm Market & Food Centre Kim Keat Palm Market & Food Centre Geylang Bahru Block 69 Market And Food Centre Lorong 8 Toa Payoh Block 210 Market And Food Centre |
1.1km 1.5km 1.7km 2.0km 2.0km |
| Lifestyle | Pub Recreation Club Volkswagen Golf Range |
0.6km 1.5km |
FACILITIES SITE PLAN and FLOOR PLANS E-BROCHURE
Both the Facilities and Site Plan of New Condo in Woodleigh and New Mixed-use Development are currently seeking approval from relevant authorities.
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PRICE TRENDS FOR DEVELOPMENTS
MODERN LOOK FOR NEW BIDADARI ESTATE
NEW BIDADARI HOMES TO SIT AMID LUSH GARDENS
Bidadari Estate is planned as a tranquil urban oasis, where residents can relax and connect with family and friends in a garden-like setting. Envisioned as “A Community in a Garden”, Bidadari Estate will feature a centrally-located 10ha Bidadari Park, which will connect to a Central Green Spine. Bidadari Park is well-connected to the residential estates through pockets of open spaces. Part of the tree-lined Upper Aljunied Road (from Upper Serangoon Road to Vernon Park) will be converted into a heritage walk for pedestrians.
Bidadari Estate will be pedestrian and cyclist friendly, with seamless connections between transport nodes, the park and commercial developments. To provide for the needs of new and existing residents, Bidadari Estate will feature a wide range of amenities including a new commercial development next to Woodleigh MRT station. A bus interchange, neighbourhood police centre and other community facilities will be located nearby. Other amenities such as places of worship and health and medical care facilities are also planned for the estate.
The upcoming housing estate will feature lush greenery and social spaces, in line with the area's vision of being "a community in a garden".
Residents in the area will be able to visit a nearby market square and walk around a scenic park and lake.
The 10ha Bidadari Park will house the new Alkaff Lake, named after the Arab family that built the Alkaff Lake Gardens in the area in 1929.
BIDADARI HOUSING ESTATE TO HAVE FIRST BUS INTERCHANGE UNDERGROUND
The new Bidadari housing estate will be home to Singapore's first underground air-conditioned bus interchange below Housing Board flats.
The new interchange next to Woodleigh MRT station, expected to be ready by 2019, will cater to five bus services.
It will be "tucked away and hidden from the street view", sitting below a carpark and neighbourhood garden flanked by blocks of flats, according to the HDB's plans seen by The Straits Times.
Other plans to modernise Bidadari have been announced in the past couple of years for the area that was once Singapore's largest grave site. These include an underground service reservoir, a 10ha park and a lake within the park.
The future Bidadari estate will lay claim to a unique feature - Singapore's first underground service reservoir built on low, instead of high, ground.
Holding enough water to fill three Olympic-size pools, the tank will be built beneath the town's planned park to save on surface space and keep the surroundings unmarred.
The land above it will be "integrated with the surrounding park amenities, hence optimising land", PUB has said, adding that high ground available for service reservoirs is "limited".
LAKE ALKAFF
SPH AND KAJIMA DEVELOPMENTS WON TOP BID FOR GLS MIXED USE LAND SITE IN UPPER SERANGOON ROAD BIDADARI NEW TOWN
1) First mixed commercial and residential Bidadari site awarded to SPH and Kajima Developments
Mixed-use Development launching in Bidadari New Town- Click HERE for More Information
SINGAPORE - The 2.54 hectare land parcel next to Woodleigh MRT was hotly contested, as the site is slated o be a landmark project in the popular Bidadari estate.The first private land parcel in Bidadari was awarded today to entities linked to Singapore Press Holdings and Kajima Development.
The partners had put in a top bid of $1.132 billion for the 99-year leasehold site, beating a competitive field of 12 bids.
SPH announced that it will build more than 600 private residential units on the first mixed commercial and residential land site in the new township in Bidadari, touted to be the next Bishan.
Retail opportunities are presently limited along the North-East Line, which runs through Woodleigh. The Poiz Residences, another mixed-use project, is coming up next to Potong Pasir MRT station, while Nex at Serangoon is the biggest draw currently.
"There are not many retail offerings around the Bendemeer area. With so many HDB flats coming into Bidadari in the future, this mall could be the next Junction 8," said CBRE research head for Singapore and South-east Asia Desmond Sim.
On top of the retail portion, another 8,200 sqm at the site is meant for integrated community and institution uses, which could be a community club, childcare centre or library, among other options.
An SPH spokeswoman said that other than the residential units, there will be a 65,000 sq ft community club and a 20,000 sq ft neighbourhood police centre, which were requirements of the tender, as well as a 310,000 sq ft retail and commercial component.
Mr Alan Chan, chief executive of SPH, highlighted the company's experience in developing upmarket residential condominium Sky@Eleven, as well as three malls - Paragon, The Clementi Mall and The Seletar Mall.
"This strategic move shows our commitment in expanding and enhancing our property portfolio," he said, adding that the company's past experience and expertise, strong partnership with Kajima and the site's potential are "winning factors that will contribute to the success of this project in Woodleigh"
Source: Straits Times
CEL DEVELOPMENTS WON TOP BID FOR GLS NEW CONDO LAND SITE IN WOODLEIGH LANE NEW BIDADARI ESTATE
2) Woodleigh Lane site exceeds expectations with S$700.7m top bid
New Condo launching in Woodleigh Lane- Click HERE for More Information
Top bid of S$1,110 psf ppr expected to lead to sale price of about S$1,800 psf
A RESIDENTIAL site at Woodleigh Lane near Bidadari housing estate is the latest to draw aggressive bidding.
This time, 15 bidders took part, with CEL Unique Development, a joint venture between Chip Eng Seng, Heeton and KSH, putting in the highest bid of S$700.7 million, which translates to about S$1,110 per square foot per plot ratio (psf ppr).
Keen competition was evident, with a tight margin of 0.8 per cent between the first and second bids. The top four bids were also all neck-and-neck with a tight 3.6 per cent margin. A total of five bids came in at above S$1,000 psf ppr.
Analysts say the tender price works out to a breakeven price of S$1,500-1,600 psf, and an eventual sale price of about S$1,800 psf.
Currently, units at nearby new developments are selling at far below that. Poiz Residences and Forest Woods were both transacting at a median price of just under S$1,400 psf in May this year.
A year ago, a psf ppr price figure of above S$1,000 would have caused jaws to drop, but this is gradually becoming a norm in recent tenders.
In June, Singapore Press Holdings and Kajima Development put in a top bid that translated to S$1,181 psf ppr for a mixed-use Bidadari site.
In May, Hong Kong's Logan Property and Chinese developer Nanshan Group put in a bid that works out to S$1,050 psf ppr for a Stirling Road plot. Both this and SPH's bid carried a total quantum above S$1 billion.
Listed Chip Eng Seng and KSH said in disclosures that they plan to build a condominium comprising 16-storey residential blocks on the Woodleigh site, with a total of over 800 units.
Corson and Wingjoy Investment, units of Keppel Land and Wing Tai respectively, put in the second highest bid of S$695 million, or about S$1,101 psf ppr.
City Developments' Verwood Holdings paired up with Logan Property to put in the third highest bid of S$688.1 million, or about S$1,090 psf ppr.
Desmond Sim, head of CBRE Research, Singapore and South East Asia, called the results "unsurprising", as the site had been identified as a high-profile one from the start, being located right beside Woodleigh MRT station and within the up-and-coming Bidadari precinct.
Besides, market sentiment has been picking up for some time now, and developers have been keen to restock their land bank with key development sites in order to keep their businesses running, he said.
Ong Teck Hui, national director for research and consultancy at JLL, said: "The bidding war for residential sites has escalated further in this tender, driven by bidders' determination to secure this attractive site in a market that is potentially recovering."
Indeed, many analysts are anticipating a bottoming-out of the market at the end of this year, and for residential prices to appreciate again starting 2018.
Christine Li, director of research at Cushman & Wakefield added that the tender results show that when a choice city-fringe site is up for sale, there will be no shortage of interest.
Asked if the current land bidding behaviour will undo the effects of property cooling measures, Mr Sim from CBRE said it is difficult for the government to gauge the amount of state land to release for sale, because if it were to attempt to do so, it could easily tip the balance over and create an oversupply situation - a repeat of what happened in 2012.
"One factor that could keeps the property market in check is the resale market. If the resale market finds it hard to match its prices with those in the new home sale market, this could attract some demand going to the resale market instead in the future."
Meanwhile, aggressive bidding in land tenders has already pushed some developers into the private en bloc market.
"With the imbalance between demand for land and the number of development sites available in the government land sales programme, we will likely see more collective sales committees being formed in older estates. More developers will probably seek this avenue as an option for replenishing land banks," Mr Sim said.
At last week's Real Estate Developers' Association seminar, some industry players described the compounding effect of aggressive land bidding, saying that since there can only be one winner for a site, each tender exercise leaves a large amount of capital on the sidelines waiting to be deployed into the next land parcel, thus feeding an upward spiral.
Source: Straits Times 2017
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