Parkwood residences condominium at Yio Chu Kang by Oxley

Parkwood Residences is an upcoming new condominium at Yio Chu Kang. Developed by Oxley, Parkwood Residences will feature 18 exclusive units and be located near brand name schools such as Rosyth and many others.

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Parkwood Residences is an upcoming condominium slated to be launched at Yio Chu Kang by Oxley.

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

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: Demand; supply; rents and yields; prices
  14. Interest rates
  15. Site background
  16. Developer background
  17. Contact us/register interest

Condominium summary

Project name Parkwood Residences
Developer Oxley Holdings
Tenure Freehold
Address 208 Yio Chu Kang Road
District 19
Unit mix 3 bedroom
4 bedroom
4 bedroom penthouse
5 bedroom penthouse
Total number of units 18
No of blocks 2
No of levels 4
Car park lots 18 (1 for each unit)
TOP TBA
Site area 14,136 sqft

Condominium location

Parkwood Residences sits on the former site of Toho Green at 208 Yio Chu Kang Road.

Nestled in between Serangoon and Hougang, with easy access to major roads Ang Mo Kio Ave 3 and Hougang Ave 2, Parkwood residences is highly accessible by key forms of transport.

Unit mix

Information will be out shortly. Contact us to stay updated.

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Floor plans

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Pricing

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Showflat location

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Site plan

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Gallery

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Condominium facilities

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Surrounding amenities

The following sections will provide an idea of the transport, education, healthcare, shopping/entertainment and fitness/outdoor amenities around Parkwood Residences.

Transport

Immediately outside Parkwood Residences is a bus stop that has bus services 43, 43M, 70, 73, 76, 103, 109, 116, 147, 156 and 534.

The nearest MRT station is Kovan to the East of Parkwood Residences.

For drivers, Exit 12A of the CTE is about a 3-5min drive from Parkwood Residences.

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Education

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

Within 1km:

  • Rosyth School
  • Xinmin Primary School
  • Zhonghua Primary School

Between 1-2km:

  • CHIJ Our Lady of Good Counsel
  • Holy Innocents Primary School
  • Hougang Primary School
  • Montfort Junior School
  • Xinghua Primary School
  • Yio Chu Kang Primary School

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

Secondary schools:

  • Serangoon Garden Secondary School
  • Bowen Secondary School
  • Xinmin Secondary School
  • Peicai Secondary School

Higher education:

  • Serangoon Junior College
  • Nanyang Junior College
  • ITE College Central and ITE Headquarters

Private and international schools:

  • Australian International School
  • Dimensions International College

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Healthcare

The town centres of Kovan, Hougang and Serangoon provides healthcare facilities such as clinics, dentists and pharmacies.

Shopping/entertainment

There are a few nearby shopping malls from Parkwood Residences which are Heartland Mall at Kovan, Nex at Serangoon, Hougang Mall and Ang Mo Kio Hub.

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Outdoor/fitness amenities

For fitness lovers, Serangoon Stadium and Hougang Stadium/Swimming Complex are nearby.

Punggol Park and Bishan Ang Mo Kio Park River Plains are slightly further away but within reach.

Government masterplan

Kovan MRT station, which is the nearest station to Parkwood Residences, is only 5 stops from Punggol, which is slated to be developed over the next 10 years into the Punggol Digital District.

The government has plans for the Punggol Digital District to bookend the North Coast Innovation Corridor, housing technology firms involved in key growth fields such as cyber-security, as well as fostering industry-academia collaboration at the new Singapore Institute of Technology Campus.

The Digital District will be created by extending the existing Punggol Town Centre towards the waterfront, and developed as a mixed-use district comprising residential, commercial and business park uses, alongside the new Singapore Institute of Technology (SIT) campus.

The district will be geared towards the digital and cyber-security industries cluster, and will be used to drive Singapore’s Smart Nation push through the incorporation of innovative technologies and ideas.

The district will create 28,000 jobs and open gradually from 2023.

This will be good news for those who own a property in the area considering the rental demand and wealth that will be created in the district.

Source: URA, Today

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Macro-environment

The following sections will provide a snapshot on the global and islandwide property market health.

Global house prices

Compared to other countries in the region and globally, Singapore’s house prices as measured by The Economist is still on the lower end.

Parkwood Residences

As measured by the IMF, Singapore’s real house price growth on a yearly basis is on the lower end compared to the other countries tracked.

IMF Parkwood ResidencesThis shows that on a relative scale, Singapore house prices are still fairly affordable.

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Singapore house prices

On a micro level, the property price index as measured by URA show that there has been a turn in property prices.

URA PPIQuick links: 1) Quick navigation 2) Contact us to register your interest in Parkwood Residences at Yio Chu Kang by Oxley.

Islandwide supply

While prices start their gradual recovery, the number of units expected to be completed over the next 5 years continue to remain low.

The following chart from URA shows a peaking of units to be completed in 2018 followed by a sharp drop all the way till after 2021.

URA pipeline supply 3Q2017

Islandwide vacancy

While the number of units that are expected to be completed over the next few years are declining, the vacancy of private residential units in the Outside Central Region (OCR) has been on the decline as measured by URA.

Falling from a high of 9.6% in 2Q 2016, the OCR vacancy rate now stands at 7.3% as of 3Q 2017.

URA OCR vacancyQuick links: 1) Quick navigation 2) Contact us to register your interest in Parkwood Residences at Yio Chu Kang by Oxley.

Micro-market environment

The following sections will provide a snapshot of the micro-market health where the development condominium is situated.

Demand

According to URA and SLA, Parkwood Residences which is located in the Hougang Planning Area has a total Singapore Resident population of 224,390 people.

Out of this total, about 171,470 are living in HDB with the remaining in condominiums and landed properties.

Hougang planning area total residentSource: Singstat

With a large number of HDB residents, there is a potential pool of upgraders that may be likely to purchase should you decide to sell Parkwood Residences.

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Supply

Supply location scan 1) future completions 2) present rental competitors 3) Mention why condo can overcome supply

Rents and yields

Immediately around Parkwood Residences are the following projects with their respective rental yields based on transactions in the last 12 months.

On average, the developments in the area are commanding a rental yield of about 3 to 3.5%.

Project name Rental yield (%)
The Waterline 3.1
Nouvelle Park 2.7
Serangoon Ville 1.4
Terrasse 3.1
3@Phillips
Rosyth Lodge
Rosyth Ville 4.2
One Rosyth 4.0
Fontaine Parry 2.9

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Prices

Parkwood Residences is located in District 19 and according to Squarefoot, prices have risen from S$781 psf to S$1,130 psf from Mar 2010 to Feb 2018.

This represents an increase of 45% on an absolute basis or about 5% on an annualized basis.

If an investor had rented out the unit and taken leverage, the annualized returns would be much greater than 5%.

District 19 prices

According to Squarefoot, the table shows the condominiums and apartments around Parkwood Residences and their average transacted prices

Project name Avg $ psf
The Waterline 1,020
Nouvelle Park 849
Serangoon Ville 1,232
Terrasse 1,082
3@Phillips 826
Rosyth Lodge 769
Rosyth Ville 757
One Rosyth 924
Fontaine Parry 1,057

Interest rates

For more information on interest rates, please visit this page to check what the banks are offering.

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Site background

Previously known as Toho Green, the purchase of the development was made by Oxley.

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Developer background

Oxley Holdings Limited (“Oxley” or “the Group”) is a home-grown Singaporean property developer.

Oxley is principally engaged in the business of property development and property investment.

Since its inception, the Group’s accelerated growth has resulted in a burgeoning presence both locally and overseas. It now has a presence across twelve geographical markets.

The Group has a diversified portfolio comprising development and investment projects in Singapore, the United Kingdom, Ireland, Cyprus, Cambodia, Malaysia, Indonesia, China, Myanmar, Australia, Japan and Vietnam.

Oxley’s expertise does not lie solely in property development; the Group also renders project management and consultancy expertise in Myanmar.

Source: Oxley

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