Park Colonial condo at Woodleigh by CEL

Park Colonial condo at Woodleigh is your ticket to city fringe living. Located right beside Woodleigh MRT, be at Dhoby Ghaut in 5 MRT stops and City Hall in 6. Don't miss out on your chance to snag this attractively priced and well-designed condo.

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park colonial logo

Park Colonial at Woodleigh is an upcoming condominium slated to be launched by CEL.

Use the following quick navigation content page or contact us immediately to register your interest in Park Colonial.

Those who register early will get a developer discount.

Quick Navigation

  1. Condominium summary
  2. Condominium location
  3. Unit mix
  4. Floor plans
  5. Pricing
  6. Showflat location
  7. Site plan
  8. Gallery
  9. Condominium facilities
  10. Surrounding amenities i.e. Transport, education, healthcare, shopping/entertainment and outdoor/fitness amenities
  11. Government masterplan
  12. Macro-environment: Global and Singapore house prices; supply; vacancy
  13. Micro-market environment: Supply; rents and yields; prices
  14. Interest rates
  15. Other purchase details
  16. Site background
  17. Developer background
  18. Contact us/register interest
  19. Other project information

Condominium summary

Development name Park Colonial
Developer Chip Eng Seng, Heeton Holdings and KSH Holdings
Address 2, 4, 6, 8, 10, 12 Woodleigh Lane
Tenure 99 years starting from 11 Oct 2017
District 13
Site area 210,404 sqft
Gross floor area 631, 212 sqft
No of units 805 apartment units
Car park lots 644 lots (including 5 handicap lots)
Units
1 bed 463 sqft, 153 units, 19%
1 + study 506 sqft, 14 units, 2%
2 bed classic 570 to 635 sqft, 157 units, 20%
2 bed deluxe 635 to 678 sqft, 132 units, 16%
2 + study 667 sqft, 28 units, 4%
2 bed dual key 743 sqft, 15 units, 2%
3 bed classic 915 to 980 sqgt, 146 units, 18%
3 bed deluxe 1,012 to 1,066 sqft, 71 units, 9%
4 bed classic 1,184 to 1,249 sqft, 30 units, 4%
4 bed deulxe 1,367 to 1,410 sqft, 30 units, 4%
5 bed luxury 1,712 sqft, 29 units, 4%
Total 805 units
Appliances Bosch and Whirlpool
Sanitary Ware Roca
Sanitary Fittings Grohe
TOP July 2022
Plot ratio 3.0
Legal completion July 2025

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Condominium location

Park Colonial condominium by CEL is located on the Eastern side of Woodleigh MRT.

Woodleigh MRT is on the North-Eastern purple line.

Park colonial location

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Unit mix

Park Colonial will offer a mix of 1 to 5 bedroom units.

Park colonial unit breakdown

Many of the units will have a view of either Youngberg Terrace, the landed properties and Woodleigh Park to the North.

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Floor plans

Park Colonial will offer units that have a modern and efficient layout for your storage and space needs.

Never worry about running out of space or living in cramped quarters anymore.

Check out Park Colonial’s brochure and floor plans at this link.

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Pricing

Pricing for Park Colonial at Woodleigh is as follows. These are the best buys/cheapest units available for each bedroom type

Type Size Pricing starting from
1BR 463sf S$793K
1+Study 506sf S$932K
2BR Classic 603sf S$1.047M
2BR Deluxe 678sf S$1.183M
2BR Dual Key *hot* 743sf S$1.363M
2+Study 667sf S$1.232M
3BR Classic 915sf S$1.462M
3BR Deluxe 1023sf S$1.649M
4BR Classic 1,184sf S$2.098M
4BR Deluxe 1,367sf S$2.259M
5BR 1,701sf S$2.78M

Contact us to find out more about this great project that is literally at the doorstep of Woodleigh MRT.

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Showflat location

Park Colonial’s showflat is located right beside the actual site, and near Woodleigh MRT station.

park colonial showflat location

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Site plan

Information to be released shortly.

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Gallery

Park colonial Park colonialPark colonial gallery photos (2) Park colonial gallery photos (3) Park colonial gallery photos (1)

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Condominium facilities

Park Colonial will offer full condominium facilities such as swimming pools, tennis courts, fitness corners, reading rooms and more.

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Surrounding amenities

The following section will give you an idea of the transport, education, healthcare, shopping/entertainment and fitness/outdoor amenities around Park Colonial at Woodleigh.

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Transport

Directly outside Park Colonial is the Woodleigh MRT station.

You can easily access Punggol at the Northern end of the line or Harbourfront MRT at the southern end.

In the middle, the line cuts through Dhoby Ghaut MRT staion, offering you unparalled convenience to the Circle (Orange) and North South (Red) lines.

Should you decide to take the bus, there is a bus stop at the MRT station.

Bus services here include 13, 100, 107, 107M, 133, 135, 147, 155, 853 and NR6.

For drivers, the PIE and CTE exits are about 5 mins drive away, offering you immediate driving access to central Singapore and various parts of the island.

park colonial expressway connectivity

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Education

According to OneMap, these are the following primary schools within a 2km radius.

Within 1km

  • Cedar Primary
  • Maris Stella High School
  • St Andrews Junior School

Within 2km

  • Bendemeer Primary School
  • Canossa Convent Primary School
  • First Toa Payoh Primary School
  • Kuo Chuan Presbyterian Primary School
  • Paya Lebar Methodist Girls’ School
  • Pei Chun public school
  • St Gabriel’s Primary School
  • Yangzhen Primary School

There will be no lack of educational institutions available for investors and residents of Park Colonial.

Other secondary schools, institutes of higher education/learning, private and international schools include the following

Secondary schools:

  • Cedar Secondary School
  • St Andrew’s Secondary
  • Maris Stella High School
  • St Gabriel’s Secondary School
  • Zhonghua Secondary School

Higher education:

  • St Andrew’s JC
  • Nanyang JC

Private and international schools:

  • Stamford American International School
  • James Cook University

Other educational facilities nearby include:

  • Toa Payoh public library
  • Serangoon public library

park colonial schools within 1 or 2km

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Healthcare

There is no lack of healthcare options for residents of Park Colonial with the upcoming Biddadari neighbourhood.

In any case, the established town centres of Serangoon and Toa Payoh are nearby.

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Shopping/entertainment

Popular shopping malls near Park Colonial at Woodleigh include:

  • Upcoming Nex Shopping mall just across the street
  • Nex at Serangoon
  • Heartland Mall at Kovan
  • HDB Hub at Toa Payoh
  • In just a few MRT stops, the Dhoby Ghaut, Somerset and Orchard area is reachable from Park Colonial

Other popular entertainment places include

  • Playgolf Game Centre Golf Range

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Outdoor/fitness amenities

For fitness buffs, there is no lack of fitness and exercise areas around Park Colonial at Woodleigh (by CEL).

Some of them include

  • Toa Payoh Stadium, sports hall and swimming complex
  • Toa Payoh Town Park
  • Upcoming Biddadari Park (integrated with memorial garden)
  • Serangoon stadium
  • Kallang Riverside park leading all the way south to Marina Bay and the sports hub

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Government masterplan

According to various news sources, Biddadari is shaping up to be a popular district in Singapore’s future property landscape.

Once known for its cemetry grounds, Biddadari is being transformed into a new HDB town that will be fully completed by 2019 or 2020.

Since the launch of the first batch of flats, subsequent launches in 2016 attracted many potential buyers.

Biddadari 1
Green lung complemented by a lake is centrally located

Biddadari is close to good schools such as St. Andrews Secondary and Maris Stella High School are nearby as well. Other education institutions include Stamford American International School, and James Cook University.

Mention very big scale masterplans e.g. Punggol digital district, Jurong second CBD, Kallang Riverside, Woodlands development, Paya Lebar area etc.

Biddadari

The locational attributes, along with the government’s push toward a car-lite society will benefit many future residents of the town.

According to the 2014 Urban Redevelopment Authority (URA) Masterplan, the Bidadari estate will be designed with a garden-like setting where a 10-ha Bidadari Park will be built in the estate to promote green, community spaces.

There are also plans to convert part of Upper Aljunied Road (from Upper Serangoon Road to Vernon Park) into a heritage walk for pedestrians.

As for development of amenities near Bidadari, the government plans to make Bidadari estate into a cycling and pedestrian-friendly town.

The estate will also be equipped with a new commercial development next to Woodleigh MRT station, a bus interchange, a neighborhood police centre and other community facilities located nearby.

The estate will also have various places of worship, health, and medical facilities located within reach of each other to cater to the residents’ needs.

Source: Propertyguru

Connectivity in the area is also likely to improve, with the Today reporting that 3 new roads in Biddadari have been opened since 14 Jan 2018.

Here is a video (2 mins 40 sec) from Today showing a fly through of Biddadari.

Spaces for the community

A vibrant Market Square, located next to Woodleigh MRT Station, will include a housing development integrated with a bus interchange and community facilities, as well as a mixed-use development.

Bidadari Park with Alkaff Lake and Heritage Walk
Bidadari Park with Alkaff Lake and Heritage Walk

Bidadari residents can enjoy a green environment, and the convenience of more facilities and better connectivity. Park and connect to other public spaces within Bidadari, keeping its present park-like ambience

biddadari green fingers
Biddadari green fingers

The Bidadari Greenway will traverse the full length of the estate from Bartley Road to Upper Serangoon Road.

A cycling and pedestrian network has been mapped out, much of which would run through the green corridors, the Bidadari Greenway and the Bidadari Park, enabling the residents to safely cycle and walk around the estate.

Precinct shops and communal facilities will also be strategically located along the Bidadari Greenway to serve the residents and to inject greater vibrancy to the estate.

Biddadari greenway
Biddadari greenway

Future development

A future development, comprising public housing, integrated with a bus interchange, food centre, and social community facilities, will be located at the centre of Bidadari estate.

The development will connect to Woodleigh MRT Station

biddadari future developmentSources: HDB

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Macro-environment

The following sections will provide a snapshot on the global and Singapore’s property market health.

Global house prices

According to The Economist, Singapore’s house price is relatively lower compared to major economies around the world.

Singapore economist house price

 

According to IMF’s quarterly report, Singapore’s house prices also registered negative year on year changes.

This is lower than many other countries around the world.

IMF Singapore

On a relative basis therefore, Singapore property is actually affordable.

Investors looking for value in their property and real estate investments are unlikely to go wrong to consider Singapore, seeing as the run up in prices isn’t as drastic as neighbouring economies such as Hong Kong.

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Singapore house prices

According to URA’s property price index, the residential property market saw a price decline of 15 quarters since 2013.

Prices have started to turn up since the middle of 2017.

URA ppi singapore house price

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Islandwide supply

Based on URA’s statistics, the amount of future property supply is peaking in 2018 and then falling thereafter.

What this means for prices is that there will be support going forward since supply will be depressed.

Home buyers would do well to consider a property investment right now in the light of possible price increases in the next 2 to 3 years.

URA low property supply

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Islandwide vacancy

Supporting the anticipated increase in prices, the Outside Central Region is seeing one of the lowest vacancy levels over the last 4 years.

At a level of 5.9%, vacancy is far below the peak of 9.6% recorded in 2Q2016.

What this means for investors or purchasers is that it will be easier to find tenants in such a landlord’s market, and there may be opportunities to increase the rental in a well renovated house.

URA vacancy

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Micro-market environment

The following sections will provide a snapshot of the micro-market health where the Park Colonial at Woodleigh is situated.

Supply

In terms of future completions, there is not much in district 13 and this is likely to lend support to landlords when they rent out an investment unit at Park Colonial.

Based on Squarefoot data, only The Poiz Residences is expected to TOP in 2019. Thereafter, there will be no more new developments for the year.

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Rents and yields

Rental yields for properties surrounding Park Colonial at Woodleigh are about 2.4 to 3.4%.

New projects in the area such as Park Colonial could expect higher rental yields given the new-ness factor and the better location (right beside Woodleigh MRT).

Project Rental yield %
Avon Park 2.4
8 @ Woodleigh 3.4
Blossoms @ Woodleigh 2.6
Euro-Asia Park 2.7
Parc Mondrian 2.8

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Prices

In district 13 where Park Colonial is located, latest transacted prices stand at S$1,339 psf.

This is a 47% increase since Mar 2010.

We can expect that prices could continue to rise as the Woodleigh and Biddadari area begins to be heavily developed.

District 13 non landed price trend

District 13 non landed prices
District 13 non landed prices

For projects around Park Colonial, resale prices over the last 12 months have registered between S$1,000 to S$1,283 psf.

Some of the projects include:

Project Price psf S$
Avon Park 1,186
8 @ Woodleigh 1,283
Blossoms @ Woodleigh 1,218
Euro-Asia Park 1,001
Parc Mondrian 1,196

How condo prices surrounding the development has moved – to show that prices are continuing to go upwards

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Interest rates

Interest rates continue to remain low. At 1.7% for the 12 month SIBOR, rates are in line with the level over the last 1-2 years.

This means that investors can lock in a relatively cheap loan if a purchase is made today.

Interest rates are not expected to fall much further in the future given its already low levels.

It may also not be likely to rise unless the Fed in the US sees much stronger growth that warrants a monetary policy response.

SIBOR rates

 

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Other purchase details

Usual restrictions such as LTV and ABSD remains for buyers. Speak to us to find out more and for us to help you plan on getting the condominium of your dreams.

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Site background

A unit of Chip Eng Seng Corp and Unique Real Estate has put in the top bid for a plum site in Woodleigh Lane.

The Government land sales site tender attracted 15 bidders – close to what analysts had predicted – with offer amounts exceeding expectations.

The 99-year leasehold site launched on May 30 under the confirmed list for the first half of this year drew a top bid of $700.7 million 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 land is next to Woodleigh MRT station, adjacent to Bidadari New Town and near amenities such as Nex shopping mall.

The 19,547 sq m site has a maximum gross floor area of 58,641 sq m.

Woodleigh GLS bid

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.

Mr Nicholas Mak, head of research and consultancy at ZACD Group, said many bids were aggressive, “despite the large size of the site and the heavy financial commitment required”.

About one-third of the 15 bids were above $1,000 per sq ft per plot ratio (psf ppr). Dr Lee Nai Jia, head of research at consultancy Edmund Tie & Company, was not surprised, given that the parcel is in a highly attractive location.

“Depending on how the development orientates itself, residents will enjoy unblocked views as the site is adjacent to the landed housing area,” he added.

Based on the land bid, he expects the selling price of the proposed development to range from $1,720 psf to $1,800 psf.

However, Ms Christine Li, director of research at Cushman & Wakefield, noted that such selling prices are not supported in the vicinity, and the plot could face some competition from the mixed-use site in Bidadari estate secured by entities linked to Singapore Press Holdings and Kajima Development.

Source: Straits Times

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Developer background

Since 2000, CEL has been actively acquiring sites for property development and investment.

These developments include residential, commercial and industrial properties. The current portfolio of CEL includes mid-market and high-end prime properties. CEL believes in growth through partnerships.

It has established joint ventures with reputable foreign funds such as Lehman Brothers Real Estate Partner II and Citadel Equity Fund Ltd.

CEL has also teamed with local partners like NTUC Choice Homes Co-operative Ltd and Keppel Land Limited on several highly successful property projects.

Going beyond local boundaries, CEL has launched an expansion into the emerging regional economies, beginning with Vietnam, where it is actively seeking property development opportunities. It is also exploring other markets in South East Asia.

Source: CEL

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