Mix Development with Commercial Shops at The Woodleigh Residences
The Woodleigh Residences is a new 99 years leasehold development located right next to Woodleigh MRT Station by Singapore Press Holdings as well as Kajima Development. The top bid for the plot of land was submitted by Elara 1 and Callisto 1 whose parent company is Singapore Press Holdings as well as Kajima Development. The top bid of $1,132 million was received for the prime piece of residential and commercial units. The mix development is located at Upper Serangoon Road right next to Serangoon MRT Station.
It is noted that there were many bids submitted for the plot of land for The Woodleigh Residences which suggested that developers are confident about the real estate market in Singapore. Moreover, The Woodleigh Residences is a mix development right next to an MRT Station making it an ideal investment. The bids received also suggested that many developers are confident about the plot of land. For example, Far East Civil Engineering submitted $1,117,777,777 for the site which is just a shade under compared to the bid submitted by SPH.
The Woodleigh Residences Singapore Press Holdings
The Woodleigh Residences has full and unique facilities, which includes a guard house, clubhouse, function room, indoor gym, tennis court, 50m swimming pool, sun deck, BBQ pits & children’s playground. The condo’s facilities provide full family entertainment needs for your family and loved ones. Indulge in a serene and tranquil lifestyle right in the heart of Woodleigh.
The site details indicate that The Woodleigh Residences is sitting on a plot of land measuring 273,403 sqft that has a gross plot ratio of 3.5. There might also be plans to build a 65,000 square feet community club as well as a commercial bridge towards Bidadari Park. There will also be plans to build an underpass which will be directly integrated with the bus interchange in Woodleigh Village. This will provide seamlessly integrated connection for the residents of The Woodleigh Residences.
Singapore Press Holdings added that The Woodleigh Residences will be a wonderful addition to the Government’s master plan for Bidadari and that many other developers are optimistic about the plot of land as well as 4 out of the 12 bidders submitted more than $1.0 billion for the plot of land. There were other bidders for the plot of land which include GuocoLand, Kingsford, Sim Lian, Nanshan Group Singapore, Blossom Commercial Development and Chip Eng Seng. Many of the bids were above the $1.0 Billion mark which is a rare tender price under the Government Land Sales Programme.
The Woodleigh Residences Woodleigh MRT Station
The Woodleigh Residences Condo is also strategically located with many shopping centres located around in the vicinity. For example, the development is located near to the future Poiz Centre as well as The Venue Shoppes. The site is also just 1 MRT stop away to Serangoon MRT Station Interchange where residents can hope onto The Circle Line making access to areas such as Lorong Chuan, Bishan, Bartley as well as Paya Lebar easily accessible. The integrated development will be the first major project to take place in the highly sought after Bidadari Estate.