Centerpoint Aquiring Woodleigh Site is Good News
http://www.channelnewsasia.com/stori...356113/1/.html
Frasers Centrepoint Trust puts in top bid of S$88m for Woodleigh site
By Channel NewsAsia | Posted: 24 June 2008 2042 hrs
SINGAPORE: Frasers Centrepoint Trust has put in the top bid of nearly S$88 million for a residential site at Woodleigh Close. The price works out to S$270 per square foot per plot ratio.
The next highest bid came from Hoi Hup Realty at about S$83 million. The lowest at S$74 million was put in by Sim Lian Land.
The Urban Redevelopment Authority received six bids in total when the tender closed on Tuesday.
The site at Woodleigh Close was launched for public tender on April 29.
The 99-year leasehold parcel spans nearly 10,800 square metres, with a maximum gross floor area of some 30,200 square metres.
Property consultants CB Richard Ellis says based on the top bid of S$270 per square foot plot ratio, the estimated breakeven cost of the new project is around S$650 to S$700 per square foot.
It expects the units to be sold between S$800 and S$850 per square foot. - CNA/ac
Please keep good things for ourselves
Hi,
Is scary to see that this place getting the hype. I am been staying next to Parc Mondrian for more than 3 years now ( Since is 3 years, it is obviously not Blossom).
For those who have make a choice in Woodleigh, you must like the following to appreciate the place.
-Fresh air. Believe it or not, go there late at night or early in the morning. You will not believe such places exist in the fringe of town.
-Walking/Running. Be it the stroll to Potong Pasir MRT for a 5 mins, or cross over to big park (Aka cemetery) and jog alongside with the Nepali police.
-Nature. There are squirrels, birds and the occasional iguana, i also need to mention there is a 3ft hornbill flying around. Yes, the probably 30ft trees along the road are those that bear the little red love seedlings.
-Serenity. We are not talking about property advertisment here, it is really quiet at night, so much so that i have to get used to lowering my voice when chating over dinner.
-Traffic. As in anywhere in Singapore, peak hour is hell along Bendemeer road, yes, is getting worse with the digging of the tunnel for the junction. Hope things will get better when is complete, in 4Q'2011!. No problem at other timing, 10~15 mins drive to cityhall. 5 mins to Mostafa for 24 hours groceries.
If you are one of those that like such lifestyle, keep it to ourselve though i know it is difficult with all the new development going on now. So if you are new moving in, leave the nature as it is while we still can. Afterall, we are not paying for Bukit Timah prices.