Park Colonial

Park Colonial LogoPark Colonial is located right beside Woodleigh MRT station, and is poised to be the next blockbuster project to be launched in the RCR region. Comprising 805 apartment units housed in 6 blocks, Park Colonial stands upon a massive site area of 210,413 sqft. It has a classic colonial design, inspired by the nearby Woodleigh estate.

Park Colonial Location

Park Colonial Woodleigh Location

Residents of Park Colonial will be able to enjoy easy access to Woodleigh MRT station which is only 5 stops away from Dhoby Ghaut interchange. For those who do not drive, there’s no need to walk long distances under the hot sun for daily commute. For those who drive, the Pan Island Expressway is less than 5 mins away.

Across Upper Serangoon Road is an upcoming mixed development which is expected to TOP around the same time as Park Colonial. The mixed development includes Woodleigh Mall, which offers Park Colonial residents additional shopping and dining options. Other malls within 1 MRT stop away include NEX mall, The Poiz Centre and The Venue Shoppes.

For those with school-going children, primary schools within 1km are Cedar Primary Sch, St Andrew’s Jr Sch and Maris Stella High Sch.

Bidadari New Town Rejuvenation

To meet housing demand for a growing population, Bidadari will be developed into a new public housing estate, with its own unique character. Bidadari Estate will be developed to blend with the area’s rich heritage, existing expanse of greenery to create a garden living environment.

Envisioned as “A Community in a Garden”, Bidadari Estate will feature the Bidadari Park, which will capitalise on the existing terrain, retain a cluster of mature trees, and replicate a fondly remembered lake in the former Alkaff Gardens in the area. The Park will be connected to the residential estate through pockets of open spaces, with part of the tree-lined Upper Aljunied Road to 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 healthcare facilities are also being planned for the estate.

Given Bidadari’s good location and URA’s development plans for the area, it has huge potential to transform into highly sought after mature estates such as Bishan. Just like how those who have massively profited from buying properties in Punggol during the infancy of its development, early investors into Bidadari and its surrounding areas are bestowed with substantial pricing upside potential.

Park Colonial Specifications

Project Name: Park Colonial
Address: 2 4 6 8 10 12 Woodleigh Ln, Singapore 357686
Developer: CEL Unique Development Pte Ltd
(Joint Venture by Chip Eng Seng Corporation, Heeton Holdings and KSH Holdings)
District: 13
Tenure: 99 years leasehold
No. of blocks 2 blocks of 14 storey
4 blocks of 15 storey
Total no of Units: 805  inc. 15 Dual Key Units
No. of carpark lots 664 (including 5 handicap lots)
Facilities Drop off Point – Colonial Square, The Grand Venue – Club House 10m Ceiling Height, Cantilevered Lap Pool – 50m, Tranquil Waterway – Hammock Pool, Kids Play House & Water Play, Colonial Boulevard, Boulevard Gourmet House, English Breakfast House, Tea Garden, Fren Graden, Lazy Pool, Spa Pavillion, 150m Garden Turf walkway, Sunset Bar, etc.
Site area: 19,547 sqm / 210,413sqft
Expected TOP: 13th July 2022
Expected Legal Completion 2024
Architect ADDP Architects LLP
Landscape Architect Ecoplan Asia Pte Ltd
Solicitor Dentons Rodyk and Davidson LLP
Main Contractor Dragages Singapore

Site PlanPark Colonial Site Plan

Unique Features

  • Convenience of access to Woodleigh MRT station at door step and 5 stops away from Dhoby Ghaut interchange
  • 5 mins walk to future Woodleigh Mall (28,000sqm of retail gross floor area)
  • Substantial pricing upside potential from first mover advantage of investing into Bidadari estate’s growth
  • Woodleigh Residences (across Upper Serangoon Road) expected to launch at a higher price
  • Within 1km to Cedar Primary Sch, St Andrew’s Jr Sch and Maris Stella High Sch
  • Connected to future mixed development, shopping and bus interchange
  • Massive project with huge common areas and numerous facilities
  • Efficient layout (avoid paying for wasted dead spaces)
  • Branded kitchen appliances (Bosch), sanitary wares (Roca) and fittings (Grohe)
  • Quality finishing – marble flooring for living and dining  for 4BR Premium and above
  • One of a kind high ceiling colonial clubhouse design

Photo Gallery

Park Colonial Floor Plans

Click here for Floor Plans

Unit Mix

Unit Type No.of Units Est. Unit Size(sqft)
1 Bedroom 153 463
1 Bedroom + Study 14 506
2 Bedroom Classic 157 570-635
2 Bedroom Deluxe 132 635-678
2 Bedroom + Study 28 667
2 Bedroom Dual Key 15 743
3 Bedroom Classic 146 915-980
3 Bedroom Deluxe 71 1012-1066
4 Bedroom Classic 30 1184-1249
4 Bedroom Deluxe 30 1367-1410
5 Bedroom Luxury 29 1712
Total 805

As at 8 July 2018:

  • Stack 5, 2D, fully sold
  • Stack 18, 2C, fully sold
  • Stack 40, 1B fully sold except #14-40 PH
  • Stack 41, 2D, fully sold
  • Stack 48, 2C, fully sold
  • Stack 56, 2D, fully sold

Park Colonial Official Pricing

In response to a Government Land Sale tender, there were a total of 15 bidders for the popular site and eventually drew a top bid of S$700.7m from 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. The site was awarded to CEL Unique Development which will build Park Colonial on this site.

According to a Straits Times article, Mr Ong Teck Hui, national director of 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.” He noted that about half the bids were above expectations, with the top four within a tight 3.6 per cent margin.Park Colonial GLS bid

Latest Price (based on available units as at 11 Aug 2018)

✅ 1BR
#01-31 463sqft $793000 ($1712psf) 💥
#01-32 463sqft $793000 ($1712psf) 💥
#02-17 463sqft $824000 ($1779psf)
#04-24 463sqft $825000 ($1781psf)
#04-17 463sqft $830000 ($1792psf)

✅ 1+Study
#02-23 506sqft $932000 ($1841psf)
#01-23 506sqft $935000 ($1847psf)
#03-23 506sqft $935000 ($1847psf)
#04-23 506sqft $938000 ($1853psf)

✅ 2BR C
#04-09 603sqft $1055000 ($1750psf)
#04-16 603sqft $1055000 ($1750psf)
#01-27 624sqft $1056000 ($1691psf) 💥
#03-27 624sqft $1056000 ($1691psf) 💥
#06-09 603sqft $1063000 ($1750psf)
#03-44 635sqft $1082000 ($1704psf) 💥

✅ 2BR D
#02-04 678sqft $1183000 ($1744psf) 💥
#01-04 678sqft $1187000 ($1750psf) 💥
#02-01 678sqft $1212000 ($1787psf)
#01-01 678sqft $1229000 ($1812psf)
#03-01 678sqft $1229000 ($1812psf)
#02-13 678sqft $1236000 ($1823psf)

✅ 2BR DK
#01-08 743sqft $1363000 ($1834psf)
#04-08 743sqft $1393000 ($1876psf)
#05-08 743sqft $1397000 ($1881psf)
#07-08 743sqft $1405000 ($1892psf)

✅ 3BR C
#02-23 936sqft $1511000 ($1614psf)
#01-23 936sqft $1516000 ($1619psf)
#04-23 936sqft $1521000 ($1625psf)
#02-42 980sqft $1542000 ($1573psf) 💥
#01-42 980sqft $1547000 ($1579psf) 💥
#09-23 936sqft $1551000 ($1657psf)

✅ 3BR D
#03-06 1023sqft $1649000 ($1613psf) 💥
#04-06 1023sqft $1654000 ($1617psf) 💥
#05-06 1023sqft $1659000 ($1622psf)
#02-43 1066sqft $1705000 ($1599psf) 💥
#02-07 1012sqft $1763000 ($1742psf)
#01-07 1012sqft $1776000 ($1755psf)

✅ 4BR C
#02-22 1184sqft $2098000 ($1771psf)
#02-02 1249sqft $2099000 ($1681psf) 💥
#01-22 1184sqft $2104000 ($1777psf)
#03-22 1184sqft $2104000 ($1777psf)
#04-22 1184sqft $2110000 ($1782psf)

✅ 4BR D
#02-19 1367sqft $2259000 ($1652psf) 💥
#02-55 1410sqft $2356000 ($1671psf) 💥
#01-55 1410sqft $2362000 ($1675psf)
#03-55 1410sqft $2362000 ($1675psf)
#04-55 1410sqft $2391000 (1696psf)

✅ 5BR L
#01-50 1701sqft $2780000 ($1635psf) 💥
#02-50 1711sqft $2791000 ($1631psf) 💥
#03-50 1711sqft $2798000 ($1635psf) 💥
#04-50 1711sqft $2805000 ($1639psf)
#05-50 1711sqft $2890000 ($1689psf)

💥 denotes starbuy units with lowest psf

This is considered a steal as the neighbouring Woodleigh residences is expected to be priced above $2,000psf.

Register now to obtain more information on the availability of your choice units!

About the Developer

CEL Development Pte Ltd is a wholly owned subsidiary of Chip Eng Seng Corporation Ltd, a public listed company in Singapore since 1999.

CEL’s Vision: “To be a leading multi-discipline property development company of choice, one is synonymous with creating quality homes with outstanding build quality and investment value, thereby creating sustainable value to its shareholders and customers and being a socially responsible corporate organization”.

Some of CEL’s projects include Grandeur Park Residences, High Park Residences, Onze @ Tanjong Pagar, Sky Green@Macpherson, KAP Residences and Park Colonial.

Register Interest Now

Park Colonial is expected to launch in mid July 2018. REGISTER NOW for an appointment at our showflat and enjoy VIP pricing direct from the Developer! No agent commission required!

Registration Form
* indicates required field




Great Location!
  • Location
  • Value for money
5

Summary

Park Colonial boasts a great location, and its price point is attractive compared to that of other recent launches. The pricing upside potential is huge, as Bidadari estate is at its infancy stage and has huge potential to be developed into the next Bishan.

 


Property News and Updates

Follow our Facebook page to receive regular property updates in your Facebook feed

Powerhaus
Powerhaus
CAN HDB PRICES INCREASE OVER TIME?

Some time back, a good friend of mine told me that despite the looming HDB oversupply and slow increase in number of Singapore Citizens, prices of "well-located" HDB flats are not expected to drop. Instinctively, I felt that there could be some bias, because he owns a centrally located HDB, and obviously, everyone feels that their own property can make money. But who am I to make a sweeping assumption that prices will definitely drop across the board?

So I decided to put this assumption to the test using actual numbers, and compared the price movements of HDB flats in 3 different areas. To control the variables as much as possible, I shortlisted HDB flats below 15 years old and compared the prices of units within the same floor range over time.

Conclusion? My friend is partly right! Have a look at my analysis in the link below.

https://powerhaus.pro/hdb-increase-value/
Powerhaus
Powerhaus
Here's a refresh of the top selling projects in Oct 19!

Top 3 are now Parc Esta, Treasure at Tampines and Neu at Novena. For a few consecutive months, Parc Esta and Treasure at Tampines have retained the top 3 spots. Neu at Novena, which launched in Oct displaced Stirling from the top 3 will likely be a one-off event.

Parc Esta remains a top choice and it is now 66% within 1 year of launch despite housing 1400 units. At an average price of $1,600psf with Paya Lebar transformation at its doorstep, it suddenly looks cheap compared to Sengkang Grand Residences which sold 30% of all units on launch day despite an eye-opening price of $1,700psf!

Treasure at Tampines is also a hot favourite because of its low entry price of around $1300psf despite its walking distance to Simei MRT station.

Which project do you think will enjoy greater capital appreciation?
Powerhaus
Powerhaus
“The bulls are back…global recession concerns vanish and ‘Fear of Missing Out’ prompts wave of optimism and jump in exposure to equities,” BofA writes.

https://www.cnbc.com/2019/11/12/fear-of-missing-out-has-replaced-recession-concerns-bofa-survey-finds.html
Powerhaus
Powerhaus
Some buyers believe that they should wait for prices to drop because there is an oversupply now and developers will cut prices to clear stock. Perhaps you are one of them, which is nothing wrong. It is reasonable to feel that way, because indeed, there is a huge supply of new launches now as a result of the enbloc fever between 2017-mid 2018. But as always, let's rely on stats rather than assumptions to make important investments. From the looks of the good take up rates according to the Straits Times article, if you are the developer, will you be holding a lelong sale anytime soon?

The following is a reality. As a result of the harsh cooling measures, developers have almost completely stopped buying enbloc. They are trying to clear existing stock, and also fear getting hit by 30% ABSD if they fail to sell all their units within 5 years.

If you, as a buyer who is fearful of buying 1 unit, will you as a developer be willing to buy 500 units at one go? Highly unlikely! So if all developers hold back from buying land now, what's going to happen in 1-2 years' time? In 2020-2021, will we suddenly see a shortage of new launches? Will developers increase or reduce prices then? I'll leave that to your imagination.

Real estate always goes in a cycle. To accurately predict where we are in the cycle, you have a choice. You can either rely on data, or you can rely on your own assumptions 😄
Powerhaus
Powerhaus
Do you wonder what is the hype about the Greater Southern Waterfront all about? What are the anticipated changes? How will that impact property prices in the vicinity? Find out more from our free property seminar with keynote speaker Kelvin Fong, who is Propnex's Executive Director and multiple property investor.

As previous sessions are always full, registration is required on first come first served basis. Please RSVP with me if you are interested.
Powerhaus
Powerhaus
Sengkang Grand had a higher than expected take up rate despite high average selling price of $1700psf for a mixed development at Buangkok. Do you know a lesser known fact that Hougang will soon become the next Serangoon? Can you imagine how much money you would have made if you bought a condo near Serangoon before it became an MRT interchange and before NEX was built on 2008?

What if you can own a brand new condo in Hougang for much lesser than $1700psf? Question is... what's going to happen in Hougang? Let's chat over coffee and you'll be wowed! 😄