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View Full Version : THE WOODLEIGH RESIDENCES (D13, 99 years leasehold, SPH/Kajima)



Arcachon
06-09-18, 19:17
THE WOODLEIGH RESIDENCES
Bidadari’s Only Integrated Development

It is TIME! The project that everyone is waiting for! ��

Previewing Soon!
�� Showflat besides NEX (Serangoon MRT)
�� 27 Oct 2018
⏰ 10-8pm

667 units
2-4 bedrooms
Located ON Woodleigh MRT��

Why The Woodleigh Residences?

�� Connectivity and Convenience
- City Fringe ��
- Woodleigh MRT Station ��
- Bus Interchange ��

�� Renowned Schools (within 1km)
- Cedar Primary / Secondary,
- Maris Stella Primary/High
- Stamford American International ��

�� Integrated Community in the Garden
- Mega Shopping Mall ����
- Woodleigh Village Hawker Centre ��
- Bidadari Park ����‍♀��
- Alkaff Lake ����
- Community Club ��������
- Childcare Centre ����
- Police Post����

https://goo.gl/3qZdUR I would like more info about The Woodleigh Residences

Arcachon
06-09-18, 19:21
https://www.straitstimes.com/business/companies-markets/sph-kajima-to-launch-the-woodleigh-residences-in-landmark-bidadari

https://www.straitstimes.com/sites/default/files/styles/article_pictrure_780x520_/public/articles/2018/03/28/asalkaff2803.jpg?itok=K_l0hCkH

https://goo.gl/3qZdUR I would like more info about The Woodleigh Residences

Arcachon
06-09-18, 20:37
Mother of all New Launch.

Condominium units of The Woodleigh Residences, ranging from two- to four-bedroom units, are likely to be priced at above $2,000 per sq ft (psf) when the development is launched, likely in September, sources say. OrangeTee & Tie and Savills Singapore are the marketing agents for The Woodleigh Residences.

sdexxxxd
11-11-18, 05:40
By
Cecilia Chow
/ EdgeProp Singapore
|
November 11, 2018 1:34 PM SGT

Over at The Woodleigh Residences, an integrated development in Bidadari, which was also launched on Nov 10, sources say 28 units were sold on the first day at the close of balloting. The indicative price for the project which previewed a fortnight ago was from $1,873 psf.

The development comprises a range of two- to four-bedroom units. Sizes start from a compact two-bedroom unit of 570 sq ft and priced from $1.088 million ($1,909 psf); from 850 sq ft, three-bedroom unit of $1.664 million ($1,957 psf); and from $2.55 million for a 1,270 sq ft, four-bedroom unit.

The 667-unit The Woodleigh Residences is part of an integrated development with The Woodleigh Mall, the Woodleigh MRT station on the Northeast Line and Singapore’s first underground bus interchange station. The development includes a 64,583 sq ft Community Club and a 23,573 sq ft Neighbourhood Police Centre in collaboration with the People’s Association and the Singapore Police Force respectively. It is jointly developed by Singapore Press Holdings and Kajima Development.

reporter2
12-11-18, 11:13
100 units of The Woodleigh Residences released for sale

About 60% of the first 50 units were snapped up during the preview, prompting the developers to release 50 more

NOV 12, 2018

NISHA RAMCHANDANI


THE Woodleigh Residences sold 60 per cent of the 50 units released for sale during the soft launch, which prompted joint developers Kajima Development and Singapore Press Holdings to release another 50 units.

Units sold over the weekend achieved an average of above S$2,000 per square foot.

Located at the junction of Upper Serangoon and Upper Aljunied roads, The Woodleigh Residences is part of a mixed-use commercial and residential development that will feature 667 premium residential units overlooking Alkaff Lake and Bidadari Park, while The Woodleigh Mall will offer close to 28,000 square metres of retail, dining and commercial space.

The 99-year-leasehold property comprises two-, three-, and four-bedroom units, which start at S$1,873 psf. A two bedroom apartment has a starting price of S$1.088 million, while the four-bedroom units are S$2.55 million onwards.

Kajima-SPH first released 50 units in response to growing interest for The Woodleigh Residences, of which about 60 per cent were booked during the preview. "Given the current challenging property market condition, we were encouraged by the response and released another 50 units," said Kazunori Ichihashi, Kajima Development's project director.

Those who had issued blank cheques two weeks ago to indicate their interest turned up for a ballot at 11am on Saturday for a chance to choose their units. The doors were open to the public that same day at 1pm.

The launch attracted buyers such as families, HDB upgraders, as well as parents buying for their children in trust. Buyers, as expected, turned out to be mainly Singaporean.

Mr Ichihashi said: "An integrated development at the city fringe location, The Woodleigh Residences is a good long-term investment home given its limited supply. Along with its good design layout, Japanese craftsmanship, and views of the park and lake, we believe buyers will appreciate the premium attributes of this development."

The Woodleigh Residences sales gallery, located beside NEX Shopping Mall (Serangoon Link), will close from Nov 19, in preparation for the official launch early next year. Soft-launch prices will still be offered to the public keen to make a purchase before Nov 19.

The development, which will be built above Woodleigh MRT station, is slated for completion by end-August 2022.

OrangeTee & Tie and Savills Singapore are the marketing agents for The Woodleigh Residences.

Arcachon
12-11-18, 14:22
Winter comes early.

bargain hunter
12-11-18, 15:04
Winter comes early.

winter for woodleigh is summer for park colonial just across the road.

Arcachon
12-11-18, 15:48
winter for woodleigh is summer for park colonial just across the road.

Look Like SPH pushing the buyer to PC.

reporter2
08-05-19, 22:00
The Woodleigh Residences to launch for sale on May 11

Wed, May 08, 2019


JAPANESE property developer Kajima Development and Singapore Press Holdings (SPH) are launching The Woodleigh Residences for sale on May 11.

The Woodleigh Residences is positioned as a premium integrated development which leverages Japanese design, and is being built above The Woodleigh Mall. It is also connected to Woodleigh MRT Station and an air-conditioned underground bus interchange.

The 99-year leasehold property comprises two, three and four-bedroom units starting from S$1,733 per square foot.

Ng Yat Chung, chief executive officer of SPH, said: “SPH is pleased to work with Kajima to offer The Woodleigh Residences. As Bidadari's only integrated development, and with the new plans announced for the Bidadari estate, this development is the jewel of Bidadari."

A part of the 2014 Urban Redevelopment Authority Master Plan, Bidadari is envisioned to be Singapore’s first "community in a garden", with the 10 hectare Bidadari Park promoting green community spaces, while retaining the heritage of Bidadari.

Keisuke Koshijima, executive vice-president of Kajima Corporation, said: “Over the years when units got smaller in Japan, the industry has developed many Japanese techniques and technologies to make smaller spaces “bigger” – efficient space maximisation. The Singapore real estate market in the recent years, albeit later than Japan, has started to build smaller units, and we believe that with our proven experience from Japan, we can bring these efficient space maximisation technologies to enhance the living experience in Singapore.”

In November last year, 50 units of The Woodleigh Residences were released for sale during the soft launch, of which 30 were sold. This prompted the joint developers to release another 50 units for sale.

The Woodleigh Residences sales gallery is located beside NEX Shopping Mall (Serangoon Link) and is open from 10am to 7pm.

bargain hunter
08-05-19, 22:24
1733psf vs 1873psf is a 7.5% discount it seems.

bargain hunter
09-05-19, 07:49
Spotted on an agent's fb:

"The Woodleigh Residences Developer has created a new attractive price scheme for 50+ units facing Upper Serangoon Road from $1733 psf to $1900+ psf. Prices are much lower than units that have already transacted.

This price range is extremely attractive because they are lower than neighbouring launches and most importantly this development is an integrated development sitting on very high future appreciation.

Phase 2 launch is heard to be released starting from above $2300psf for units facing Alkaff Lake."

so the discount is for units facing the main road only.

Arcachon
09-05-19, 09:54
All the stars ⭐ are aligned!
⭐ PRICE - $1733psf or $980K up

⭐ PRODUCT
- Japanese Design, Japanese Quality
- Only Integrated in Bidadari

⭐ PROMOTION
- Massive Advertising and Promotion Campaign

We are waiting for the last ⭐ - YOU!

Arcachon
09-05-19, 09:56
Tonight, WhatsApp or message 87821025

reporter2
09-05-19, 21:59
Woodleigh Residences set for May 11 sales launch

Prices from S$1,733 psf; sizes range from 570 sq ft 2-bedder to 1,475 sq ft 4-bedder

Thu, May 09, 2019


CO-DEVELOPERS Japan-based Kajima Development and Singapore Press Holdings (SPH) are launching The Woodleigh Residences for sale on May 11.

Part of an integrated development that leverages on Japanese design, The Woodleigh Residences is being built above a shopping mall. It is linked to Woodleigh MRT Station and an air-conditioned underground bus interchange.

The 99-year leasehold, 667-unit property in District 13 comprises two, three and four-bedroom units, starting from S$1,733 per square foot (psf). Units range in size from 570 square feet for a two-bedroom unit to 1,475 sq ft for a four-bedroom unit. The developers did not say how many units would be released for sale during the launch.

In November last year, 50 units of The Woodleigh Residences were released for sale during a soft launch, of which around 30 were sold, achieving an average price of above S$2,000 per sq ft.

Another upcoming development in the vicinity is Parc Colonial, which has sold 580 of its 805 units as at March this year, according to industry data. During its launch month of July last year, Park Colonial sold units at a median price of S$1,756 psf.

Amenities at the residential development include an indoor Japanese style hot spring, a community club and a childcare centre.

SPH chief executive Ng Yat Chung said: "SPH is pleased to work with Kajima to offer The Woodleigh Residences. As Bidadari's only integrated development, and with the new plans announced for the Bidadari estate, this development is the jewel of Bidadari."

Located at the junction of Upper Serangoon Road and Upper Aljunied Road, The Woodleigh Residences is adjacent to a 700-metre heritage walk and will overlook the 10-hectare Bidari Park as well as Alkaff Lake. The Bidadari estate, which is part of the 2014 Urban Redevelopment Authority Master Plan, offers walking, cycling and running trails, in addition to the first underground service reservoir.

Keisuke Koshijima, executive vice-president of Kajima Corporation, said: "Over the years when units got smaller in Japan, the industry has developed many Japanese techniques and technologies to make smaller spaces "bigger" - efficient space maximisation. The Singapore real estate market in the recent years, albeit later than Japan, has started to build smaller units, and we believe that with our proven experience from Japan, we can bring these efficient space maximisation technologies to enhance the living experience in Singapore."

For example, the flushed flooring between the living room and balcony in units at The Woodleigh Residences helps to extend the living space.

The project's sales gallery is adjacent to NEX Shopping Mall (Serangoon Link) and is open from 10am to 7pm.

Shares in SPH closed at S$2.40, down four cents, on Wednesday.

annetyu
11-05-19, 10:53
Whole bunch of mad agents here... No ethics and simply hungry for sales. Buyers well know whether to contact them or not.

bargain hunter
11-05-19, 14:34
heard 30 sold in an hour? that already exceeds the flopped launch of november last year which sold 27 units haha.

Khng8
11-05-19, 15:54
So this shows right pricing besides a good product & location is needed to move units in this environment.

bargain hunter
11-05-19, 21:09
So this shows right pricing besides a good product & location is needed to move units in this environment.

but the < 2000psf units mostly face upper serangoon road. the rest of the units still > 2000psf.

sginvestor
11-05-19, 22:09
Whole bunch of mad agents here... No ethics and simply hungry for sales. Buyers well know whether to contact them or not.


are you the great annetyu from hardwarezone forum?
nice to have you here...

very prescient view that woodleigh residences would cut prices to move units!
park colonial agents have been insisting that WLR would sell units at 2,xxx psf, the latest launch prices show that park colonial buyers can't enjoy the easy 10% paper gains

annetyu
11-05-19, 22:39
are you the great annetyu from hardwarezone forum?
nice to have you here...

very prescient view that woodleigh residences would cut prices to move units!
park colonial agents have been insisting that WLR would sell units at 2,xxx psf, the latest launch prices show that park colonial buyers can't enjoy the easy 10% paper gains

Yes I am but it was just a passing comment. Was totally disgusted with agent A's posts around this forum and on his facebook page, all bulls and "guaranteed capital appreciation" for all projects. I am really worried for vulnerable buyers who unfortunately engage with him. Wonder how is he going to face the buyers who paid high prices during first launch...

Buyers of any recent new launch should not expect any easy paper gain since they are already paying future prices. From what others are saying, seems like only very limited number of $1,7XXpsf units. Have to wait for the news report coming Monday to understand SPH's strategy better. After all, they spent 6 long months to choreograph this relaunch...

bargain hunter
12-05-19, 12:31
are you the great annetyu from hardwarezone forum?
nice to have you here...

very prescient view that woodleigh residences would cut prices to move units!
park colonial agents have been insisting that WLR would sell units at 2,xxx psf, the latest launch prices show that park colonial buyers can't enjoy the easy 10% paper gains

Park Colonial buyers can't enjoy the immediate 10% gain but buyers are still buying there. Most of WLR units are sill being sold at > 2000psf.

bargain hunter
12-05-19, 12:32
Yes I am but it was just a passing comment. Was totally disgusted with agent A's posts around this forum and on his facebook page, all bulls and "guaranteed capital appreciation" for all projects. I am really worried for vulnerable buyers who unfortunately engage with him. Wonder how is he going to face the buyers who paid high prices during first launch...

Buyers of any recent new launch should not expect any easy paper gain since they are already paying future prices. From what others are saying, seems like only very limited number of $1,7XXpsf units. Have to wait for the news report coming Monday to understand SPH's strategy better. After all, they spent 6 long months to choreograph this relaunch...

the news report on monday will still be written by SPH lol.

bargain hunter
12-05-19, 14:03
saw this on FB, interestingly 2 bedders from 1733psf while 3 bedders are from 2052psf:

*The Woodleigh Residences - Japanese Quality, Japanese Design

Almost 40 units snapped up!

LOWEST QUANTUM UNITS

2BR 570sf from $993K

2BR 592sf from $1.026Mil

2BR Dlx 667sf from $1.156Mil

2BR DLX 689sf from $1.244Mil

2BR Prem 700sf from $1.213Mil

2BR Flx 721sf from $1.341Mil

3BR Comp 850sf from $1.745Mil

3BR 958sf from $1.966Mil

3BR Deluxe 1076sf from $2.249Mil

bargain hunter
12-05-19, 18:57
*‼️LAST 4 UNITS BELOW $1M‼️*

*2BR STD*
#04-22: $993k /1,741psf
#04-29: $993k/1,741psf
#05-21: $998k/$1,749psf
~#05-22: $998k/$1749psf~ SOLD
#05-29: $998k/$1,749psf

*‼️BEST BUY (BY UNIT TYPE)‼️*

*2BR DELUXE*
#03-14: $1,156,000/$1,733psf
~#03-28: $1,156,000/$1,733psf~ SOLD
#03-36: $1,156,000/$1,733psf

#04-14: $1,161,000/$1,740psf
#04-28: $1,161,000/$1,740psf
#04-36: $1,161,000/$1,740psf

*2BR FLEXI*
#03-49: $1,341,000/$1,859psf
#04-49: $1,346,000/$1,866psf
#06-49: $1,356,000/$1,879psf

*3BR STD*
#03-04: $1,745,000/$2,052psf
#04-04: $1,750,000/$2,058psf
#05-04: $1,755,000/$2,064psf

*3BR DELUXE*
#03-50: $2,249,000/$2,090psf
#03-51: $2,249,000/$2,090psf
#04-50: $2,254,000/$2,095psf
#04-51: $2,254,000/$2,095psf

*4BR*
#03-03: $2,899,000/$2,282psf

bargain hunter
12-05-19, 19:01
vs Park Colonial:

Starting lowest price available :-

1 bedroom-463sqft, $865000,$1869psf

2 bedroom-635sqft, $1116000,$1757psf

3 bedroom-936sqft,$1547000,$1652sqft

4 bedroom-1184sqft,$2098000,$1772psf

5 bedroom-1701sqft,$2780000,$1635psf

Khng8
12-05-19, 22:20
Sold 69 over the weekend. Plus the earlier 30 units sold would means about 15% sold. Phew!
https://www.edgeprop.sg/property-news/sixty-nine-units-sold-woodleigh-residences

bargain hunter
12-05-19, 23:10
Sold 69 over the weekend. Plus the earlier 30 units sold would means about 15% sold. Phew!
https://www.edgeprop.sg/property-news/sixty-nine-units-sold-woodleigh-residences

i think the 69 units already includes the earlier 27 units. hee.

"Many units sold were two- and three-bedroom units along with three four-bedroom apartments that achieved $2,331 psf."

that's impressive though.

annetyu
13-05-19, 10:59
i think the 69 units already includes the earlier 27 units. hee.

"Many units sold were two- and three-bedroom units along with three four-bedroom apartments that achieved $2,331 psf."

that's impressive though.

70 units at The Woodleigh Residences sold to date
https://www.businesstimes.com.sg/real-estate/70-units-at-the-woodleigh-residences-sold-to-date

Yes, it is including the earlier 27 units. Not that impressive sales after all.

Very unconventional to see PSF rise as unit sizes increase, usually it is the other way round. Seems like they are targeting 2 different groups of buyers. 2 bedders for less well off, 3 and 4 bedders for the wealthy owners of landed ppty nearby. Looks like they need 2 doors like the poor door in Manhattan to separate the 2 class of buyers with this kind of pricing. HAHA.

bargain hunter
13-05-19, 15:23
70 units at The Woodleigh Residences sold to date
https://www.businesstimes.com.sg/real-estate/70-units-at-the-woodleigh-residences-sold-to-date

Yes, it is including the earlier 27 units. Not that impressive sales after all.

Very unconventional to see PSF rise as unit sizes increase, usually it is the other way round. Seems like they are targeting 2 different groups of buyers. 2 bedders for less well off, 3 and 4 bedders for the wealthy owners of landed ppty nearby. Looks like they need 2 doors like the poor door in Manhattan to separate the 2 class of buyers with this kind of pricing. HAHA.

think the low psf units face upper serangoon road. the 4 bedders sold prob all face the "lake/park". gahmen did all they could to help them with the announcement of the park. naturally they r greedy and want to sell those units at 2300psf.

annetyu
13-05-19, 21:32
think the low psf units face upper serangoon road. the 4 bedders sold prob all face the "lake/park". gahmen did all they could to help them with the announcement of the park. naturally they r greedy and want to sell those units at 2300psf.

Yeah all the stacks facing main road are 2 bedders. But face main road also not so bad la, at most close window and on air-con, still got pretty good view. $1,733psf is already park colonial price actually, for smaller 2 bedder even. They should seriously lower the prices for 3/4 bedder while they can before market conditions worsen. All the supply oncoming and the recession that no one can predict.

reporter2
17-05-19, 21:53
70 units at The Woodleigh Residences sold to date

Mon, May 13, 2019


THE Woodleigh Residences has sold a total of 70 units following its launch weekend, said co-developers Japan-based Kajima Development and Singapore Press Holdings (SPH) on Sunday.

Many of the condominium units sold were two- and three-bedroom units, with prices starting at S$1,733 per square foot (psf). Three of the units were four-bedroom residences, which achieved a high of S$2,331 psf.

"We are very pleased with the enthusiastic response received," said Kazunori Ichihashi, project director of Kajima. "The sales gallery opened to an invite-only event on the evenings of Wednesday and Thursday, an industry first, and saw many guests vying for their preferred units in the ballot held on Saturday morning."

The majority of the buyers are Singaporeans, which Kajima and SPH said attested to the draw of the Bidadari Estate Master Plan in attracting astute buyers who recognised the district's potential.

Many of the two-bedroom residences were bought by young couples and smaller families, and the larger units were purchased by multi-generational families. The developers did not say how many units were released for sale during the launch.

In November last year, 50 units of The Woodleigh Residences were released for sale during a soft launch, of which around 30 were sold, achieving an average price of above S$2,000 psf.

Part of an integrated development that leverages on Japanese design, The Woodleigh Residences is being built above a shopping mall. It is linked to Woodleigh MRT Station and an air-conditioned underground bus interchange.

The 99-year leasehold, 667-unit property in District 13 comprises two-, three- and four-bedroom units, ranging in size from 570 square feet for a two-bedroom unit to 1,475 sq ft for a four-bedroom unit.

The project's sales gallery is adjacent to NEX Shopping Mall (Serangoon Link) and is open from 10am to 7pm.

sgnich
11-06-19, 12:48
Japanese property developer, Kajima Development and Singapore Press Holdings sold 70 units at The Woodleigh Residences (https://newlaunch101.com/the-woodleigh-residences/) as at 10pm on Sunday, May 12.

“We are very pleased with the enthusiastic response received,” says Kazunori Ichihashi, project director of Kajima Development. “The sales gallery opened to an invite-only event on the evenings of Wednesday (May 8) and Thursday (May 9), an industry first, and saw many guests vying for their preferred units in the ballot held on Saturday (May 11) morning.”

Many units sold were two- and three-bedroom units along with three four-bedroom apartments that achieved $2,331 psf. The majority of the buyers are locals who live across various parts of Singapore.

annetyu
11-06-19, 13:47
Japanese property developer, Kajima Development and Singapore Press Holdings sold 70 units at The Woodleigh Residences (https://newlaunch101.com/the-woodleigh-residences/) as at 10pm on Sunday, May 12.

“We are very pleased with the enthusiastic response received,” says Kazunori Ichihashi, project director of Kajima Development. “The sales gallery opened to an invite-only event on the evenings of Wednesday (May 8) and Thursday (May 9), an industry first, and saw many guests vying for their preferred units in the ballot held on Saturday (May 11) morning.”

Many units sold were two- and three-bedroom units along with three four-bedroom apartments that achieved $2,331 psf. The majority of the buyers are locals who live across various parts of Singapore.

Another agent trying to mislead buyers with "fake news".

70 units was cumulative, meaning WLR sold way lesser than 70 during second launch.

Since relaunch, only 3 outlier units went above $2,300psf, majority of units sold after 2nd launch was $1,7XXpsf-1,8XXpsf.

Based on actual data, avg psf after relaunch was $1,846psf. Excluding the 3 outliers, avg psf is $1,827psf. Compared to avg $2,024psf on first launch. Pity all the buyers whom you and your fellow agents ripped off during first launch.

PropVestor
11-06-19, 18:20
Willing buyer, willing seller. End of the day, its owners who sign the dotted line.

I always think we need to educate ourselves for all kinds of financial decisions starting from Savings/GI. When my kids grow up, its an AI powered app or virtual advisor that will integrate all their financial investments and purchases into one platform.

There are platforms today that will bypass all kinds of middlemen/agents but the person who clicks it need to be an informed one. It's a start....

Agents also need to bring their bacon home. Listening to them or not is again up to us. There is no need to shame or blame them unless its criminal.

reporter2
30-06-22, 09:51
Insight into The Woodleigh Residences

June 27, 2022

Demand given a boost by Bidadari Plan

The 99-year leasehold integrated development, The Woodleigh Residences, has 667 units spread over 11 blocks. There are no one-bedroom units, which is very much in line with its family-centric concept.

At the time of writing, the development has a take-up rate of 96.6%, based on URA data for new sales. Demand is given a boost by the government’s plans for Bidadari, which is envisioned to be an urban oasis in a garden setting. Existing greenery and transport connections will also be utilised to sustain a high-quality living environment.

https://i.imgur.com/IPOaZai.jpg

The developer has just launched the last batch of units for sale, which represents the final opportunity for buyers to ride on the growth of the up-and-coming Bidadari area.

Map 1: Future Bidadari Estate

https://i.imgur.com/ZiTrVYw.jpg

Analysis of transacted prices

Transacted prices range from $988,000 each for three 570-sq ft two-bedders on the third level transacted in mid-2019, to $3.448 million for a 1,475-sq ft four-bedder on the top level transacted in May 2022.

The lowest price paid was $1,732 psf. At this price level, there were four transactions for 570-sq ft two-bedders in mid-2019, two transactions for 667-sq ft two-bedders in June 2019 and a transaction in May 2020 for another 667-sq ft two-bedder. All seven transactions were for units on the third level. A 646-sq ft, two-bedroom unit on the top floor attracted the highest price of $2,468 psf when sold in April 2021.

https://i.imgur.com/Pdolj90.jpg

In 2022, The Woodleigh Residences has an overall average price of $2,180 psf, which is slightly above the average price for new sales in Singapore ($2,121 psf) and the east region ($2,047 psf). This is not unusual because integrated projects tend to be more costly because of their highly desired convenience and connectivity.

https://i.imgur.com/rokaSAH.jpg

Convenience and connectivity

The integrated nature of The Woodleigh Residences, coupled with its proximity to Alkaff Lake and Bidadari Park, gave a boost to its sales performance. Buyers like the convenience of having everything under one roof, while the nearby Alkaff Lake and Bidadari Park offers a natural reprieve from city living.

When the development receives temporary occupation permit (TOP) in mid-2023, it will be directly connected to The Woodleigh Mall, Woodleigh MRT Station, Singapore’s first air-conditioned underground bus interchange, a community centre and a neighbourhood police station. The Pan Island Expressway and Central Expressway are also a short drive away.

https://i.imgur.com/p6GhCHL.jpg

The Woodleigh Mall will have a FairPrice Finest supermarket, clinics, educational centres and F&B outlets. There will also be a bridge connecting the development to Bidadari Park and Alkaff Lake.

In addition, there are four schools within a one-km radius and 19 schools within a two-km radius, including Paya Lebar Methodist Girls’ School (Primary), St Andrew’s Village, and St Margaret’s Primary School.

https://i.imgur.com/i5SsjAg.jpg

The Woodleigh Residences is developed by Singapore Press Holdings and Kajima Development, which are committed to incorporating exceptional Japanese craftsmanship and attention to details to the project.

Size more important than number of bedrooms

Stacks 33 and 34 are two-bedroom units in block 23 with views of the lap pool. Units at stack 33 are larger (743 sq ft) compared to units at stack 34 (646 sq ft). Despite the difference in size, both stacks have very similar floor layouts.

All units in both stacks are sold, but stack 33 fetched a higher average of $2,333 psf while stack 34 averaged $2,311 psf. The smaller size and lower unit price for units in stack 34 means a lower average price of $1.493 million, compared to the average total price of $1.733 million for units in stack 33.

It is notable that units in stack 33 cost about $240,000 more than their smaller counterparts in stack 34, which indicates that buyers are willing to pay more for a larger unit even if it has the same layout and number of bedrooms as a smaller unit in the same block. It was wise of the developer to focus on spacious units for young couples and families in view of the suburban location and numerous nearby schools.

Willing to pay for view

Block 29 comprises stacks 50 to 53, which are all 1,076 sq ft, three-bedroom units with the same layout. All units in the block are sold save for a low-floor unit in stack 52.

Among the four stacks, only stacks 52 and 53 have views of the lap pool. Hence it is not surprising that stacks 52 and 53 attracted higher prices of $2,143 psf and $2,214 psf respectively, while stacks 50 and 51 were transacted at $2,011 psf and $1,999 psf respectively.

https://i.imgur.com/72sk3ws.jpg

From the above analysis, we can deduce that buyers are willing to pay for views. As such, orientating the majority of the units to face Alkaff Lake or water features in the development is certainly a good strategy.

View more important than privacy

Among the different three-bedroom floor layouts, type E2 units making up stacks 24, 27 and 32 are the only three-bedders in blocks with more than four units per level. Stacks 24 and 27 are in block 21 which has nine units per level, while stack 32 is in block 23 with eight units per level. All three stacks have views of pools and Alkaff Lake in the distance.

Stacks 47 and 48 are three-bedroom units in block 27 with two other stacks of two-bedroom units. Units in the two stacks will not have views of the lake.

https://i.imgur.com/7bkRIlR.jpg

Stack 24, which will have the best view of Alkaff Lake, has the highest average price of $2,297 psf, while stack 47 with a less ideal view has the lowest average price of $1,985 psf. This indicates that buyers are willing to compromise on privacy for views.

https://i.imgur.com/QpWB970.jpg

Lessons to be learnt

- A development offering convenience and connectivity would be in demand.

- Buyers are willing to pay for a larger unit even if it has the same layout and number of bedrooms as a smaller unit.

- Buyers are not only willing to pay for views of nature, but also value that more than privacy.

https://www.edgeprop.sg/property-news/commentary-insight-woodleigh-residences