Woodleigh Residences at the Woodleigh and Bidadari area is an upcoming condominium slated to be launched by SPH and Kajima.
It is a proposed mixed commercial and residential development integrated wth a community club, neighbourhood police centre, the Woodleigh MRT station and an underground bus interchange.
This post will give you a review of Woodleigh Residences condominium, pricing, floor plans, site plan, showflat location and information you need to make an informed investment decision.
Use the following quick navigation list to get around or contact us immediately to register your interest in Woodleigh Residences at Bidadari.
- Condominium summary
- Condominium location
- Unit mix
- Floor plans
- Showflat location
- Site plan
- Gallery and views
- Condominium facilities
- Surrounding amenities i.e. Transport, education, healthcare, shopping/entertainment and outdoor/fitness amenities
- Government masterplan
- Micro-market environment: Demand; supply; rents and yields; prices
- Potential capital gains and investment returns
- Interest rates
- Other purchase details
- Site background
- Developer background
- Contact us/register interest
- Other project information
|Project name||Woodleigh Residences|
|Address||Bidadari Park Drive|
|Developer||SPH and Kajima Development|
|Number of units||680|
|Retail space||28,000 sqm of retail|
|Unit mix||2 to 4 bedrooms|
Woodleigh Residences is located at Upper Serangoon and Upper Aljunied Road.
The following illustration from Straits Times shows the location of Woodleigh Residences, near Bidadari Park, Woodleigh Station and in close proximity to the city centre via Central Expressway.
There will be 667 units in Woodleigh Residences spanning 2 to 4 bedrooms, together with 28,000 sqm of retail space.
The first 3 malls would be the Woodleigh Mall. Residences start from 4th floor onwards.
According to the Straits Times, the Woodleigh Residences will be priced from S$2,000 psf.
The showflat for Woodleigh Residences will likely be at the open field next to NEX, at Serangoon MRT. Contact us to register your interest in Woodleigh Residences and skip the queue.
Quick links: 1) Quick navigation 2) Contact us to register your interest in Woodleigh Residences, and be one of the rare few people to stay in a mixed use development managed by home grown brand name companies.
Gallery and views
Located strategically beside Alkaff Lake, the following picture shows an artist impression of Woodleigh Residences that offers views of the lake.
Woodleigh Residences, being a mid sized condominium of 667 units, will have fairly extensive and popular facilities such as swimming pools, sky decks, green areas, tennis courts, gym and reading rooms.
The following will give you an idea of the transport, education, healthcare, shopping/entertainment and fitness/outdoor amenities around the development.
Immediately outside Woodleigh Residences, along Upper Serangoon Road is a bus stop connected to the MRT station.
The bus stop has services 13, 100, 107, 133, 135, 147, 155 and 853 that leads to many parts of the island.
Serangoon bus interchange is also one MRT stop north of Woodleigh, offering even more convenience for residents in the area.
As mentioned, Woodleigh Residences is situated right beside Woodleigh MRT.
The project is 4 MRT stops from Little India interchange, 5 stops from Dhoby Ghaut, 6 stops from City Hall and 7 stops from Orchard and Raffles Place (CBD).
For those who drive, Exit 10 of the Central Expressway and Exit 13 of the Pan Island Expressway is a 3-5 min drive away.
Being right at the doorstep of the city, with connectivity by MRT and expressway to the other parts of the island, Woodleigh Residences offers unparalleled convenience to residents.
There are no lack of good primary, secondary, JC and international schools in the surrounding area given the fairly central location of Woodleigh Residences.
For parents who desire to send their children to an international school, the Stamford American International School is located just across the road from Woodleigh Residences.
Top schools and junior colleges such as Raffles Institution and St Andrew’s are also located nearby.
According to OneMap, there are the following primary schools within a 2km radius of Woodleigh Residences.
- Cedar Primary
- Maris Stella High School
- St Andrew’s Junior School
- Bendemeer Primary School
- Canossa Convent Primary School
- First Toa Payoh Primary
- Kuo Chuan Presbyterian School
- Paya Lebar Methodist Girls’ School
- Pei Chun Public School
- St Gabriel’s Primary School
- Yangzheng Primary School
Other secondary schools, institutes of higher education/learning, private and international schools include (not necessarily within 2 km)
- St Gabriel’s Secondary
- Cedar Girls’ Secondary
- St Andrew’s Secondary
- Paya Lebar Methodist Girls’ Secondary
- Peicai Secondary School
- Beatty Secondary School
- Guangyang Secondary School
- Raffles Institution (Secondary)
- St Andrews JC
- Nanyang JC
- Raffles Institution (Junior College)
Private and international schools:
- Stamford American International School
Woodleigh MRT is only 6 MRT stations from Sengkang where the Sengkang Community Hospital, general hospital and specialist clinic is located.
The Hougang and Toa Payoh Polyclinic is also located not far from Woodleigh Residences.
The Serangoon town centre will have many amenities that caters for those who need healthcare, be they young or elderly.
Shopping, entertainment, food, drinks etc.
There is no lack of shopping and entertainment amenities around Woodleigh Residences such as the following.
- Nex Shopping Mall (Woodleigh Residences is located on top of this mall
- Nex (at Serangoon)
- Heartland mall at Kovan
- Junction 8 at Bishan
- Paya Lebar Quarter at Paya Lebar
- Connexion at Farrer Park
These shopping malls and entertainment areas provide convenience and meet the daily needs of residents at Woodleigh.
With most of these shopping malls being of a large size, one can find most of their daily needs in these areas without having to travel to a larger town centre such as Bedok, Woodland, Yishun or even town.
Quick links: 1) Quick navigation 2) Contact us to register your interest in Woodleigh Residences to get the best of city fringe living coupled with the convenience of many shopping malls in the vicinity.
For those who are active and regularly exercise, there are various parks, stadiums and gyms in the area.
The Bidadari Park will be the newest green area in the location and situated beside Alkaff Lake.
The Kallang Park Connector will also link residents in the area to the Sports Hub and Marina Barrage in the south. The Park Connector is about 10 min walk or 5 min cycle from Woodleigh Residences.
Toa Payoh Town Park is also a short distance to the West of Woodleigh Residences. Housed together with Toa Payoh Swimming Complex, Toa Payoh Sports Hall, Singapore Table Tennis Association and Toa Payoh Stadium, there is no lack of fitness and exercise amenities for those who are looking for it.
Further North is Hougang which has the Swimming Complex, Stadium and Sports Hall.
If you’ve stayed in Singapore the last year or so, you would possibly have of the big plans the government has for the Bidadari and Woodleigh area.
Envisioned as “A community in a garden”, Bidadari estate will feature the centrally located 10ha Bidadari Park, which will connect to a central green spine.
One innovative method that planners have used to mitigate flooding in the area is the sprucing up of the former Alkaff Gardens which has a retention pond.
The existing Bidadari memorial garden will also be integrated within Bidadari park.
MKPL architects together with Urban Strategists Inc as the planning consultant were initially selected by HDB to provide master planning and architectural design consultancy services.
Their work has resulted in the present day Bidadari and Woodleigh area that is set to be a jewel in the Central North Eastern part of Singapore.
The following sections will provide a snapshot of the micro-market health where the Woodleigh Residences condo is situated.
For investors thinking of renting out Woodleigh Residences, demand will come from a few key areas.
The Tai Seng industrial area has a number of factories and light industrial buildings that employ a number of white and blue collar professionals. This will be one source of renters.
Another source of demand would be those in working in the Novena area since the area is separated only by the Central Expressway and linked also by MRT which is 5 stations away.
Generally, Woodleigh Residences is likely to be well received by those working in the city.
The project is not right in the middle of the city where rents are likely to be much higher, neither is it too far off in the suburbs that a long time will be required travelling.
Quick links: 1) Quick navigation 2) Contact us to register your interest in Woodleigh Residences and take advantage of the government’s plan to develop the Bidadari and Woodleigh area into a hive of activity.
There is only one upcoming private condominium project which is Park Colonial located across Upper Serangoon Road.
For private investors, there is likely to be no difficulty in renting out units due to its location at Woodleigh MRT and little competition.
The surrounding BTO flats will not be a competitor for investors renting out a unit at Woodleigh Residences because the BTO flats need to be occupied by buyers in the first 5 years after purchase.
Rents and yields
According to Squarefoot and using projects surrounding Woodleigh Residences, rental yields using transactions over the last 12 months are in the range of 2.3% to 3.3%.
The developments in the immediate area include the following
|Project name||Rental yield|
|8 @ Woodleigh||3.3%|
|Blossoms @ Woodleigh||2.6%|
Squarefoot also provides the average rental per square feet per month which is approximately $3.
This means that a 1,000 sqft unit which is very likely a 3 bedroom unit, can fetch rents at approximately S$3,000 per month.
Quick links: 1) Quick navigation 2) Contact us to register your interest in Woodleigh Residences which offers great investment potential if you’re renting it out, or a high quality of life if you’re staying in it.
Prices (new, resale and subsale) in district 13 have been on an uptrend, rising from approximately S$800 psf in mid 2010 to S$1,220 psf in early 2018.
This represents an increase of about 50% over the last 8 years.
Given the government’s focus on the Bidadari area which is where Woodleigh Residences is, there is likely to be capital appreciation potential for new projects as the area gradually becomes developed.
While prices have been stable over the least 4 to 5 years, the rising land prices suggest a resurgence in final selling prices to consumers. Therefore, the opportunity to buy Woodleigh Residences, a mixed development, at a price which is competitive is a very good opportunity to ride on the government’s plans.
Potential capital gains and investment returns
Assuming prices increase by 7% per annum which is the historical long term rate for property as an asset class, the returns for a potential investor who takes on leverage and rents out a unit would be in the mid teens to low 20% range.
Considering how bond yields are so low right now and the stock market continuing to make historical peaks, the inflation hedge characteristic of property does present compelling opportunities for investors.
1 month SIBOR rates are approximately at the 1.3% range and has been fairly stable over the last 2 years.
Given the spread on top of SIBOR, borrowing rates are presently in the range of 1.7 to 2.0%.
Do check out the quick reference page we have on SIBOR and SOR rate
Quick links: 1) Quick navigation 2) Contact us to register your interest in Woodleigh Residences and take the chance to make an astute investment and purchase decision while interest rates are still low.
Other purchase details
Prevailing restrictions imposed by the government such as minimum downpayment, total debt servicing ratios, buyer and additional buyer stamp duty and seller stamp duties all apply.
Quick links: 1) Quick navigation 2) Contact us to register your interest in Woodleigh Residences. We can help you structure your investment to ensure you get the most out of your savings and investment.
Consortium partners Singapore Press Holdings (SPH) and Kajima Development plan to develop over 600 residential units with a retail/commercial component of roughly 310,000 sf gross floor area at the Bidadari site they recently won.
The 50:50 joint venture submitted the highest bid of $1.132 billion for the 99-year leasehold land located next to Woodleigh MRT Station.
Based on the site’s maximum gross floor area (GFA) of 958,450 sf, the bid translates into $1,181 ppr. As stated in the tender conditions, the successful bidder will also have to build a 6,000 sqm Community Club (CC), a 2,190 sqm Neighbourhood Police Centre (NPC), a commercial bridge towards Bidadari Park and an underpass to connect to the bus interchange as part of the development.
The consortium believes that the residents in the vicinity and the students from the schools nearby will provide a ready catchment for the upcoming retail/commercial development.
The consortium will also bring in new ideas from Japan for this development.
The mixed commercial and residential site comes with an air space for a commercial bridge across Bidadari Park Drive towards Bidadari Park and a subterranean space for an underpass to the bus interchange in Woodleigh Village BTO.
The Bidadari estate will also encompass a green environment with a garden setting and the site overlooks the Alkaff Lake, Bidadari Park and Bidadari Heritage Walk.
Alan Chan, CEO of SPH, says: “SPH developed an upmarket residential condominium, [email protected], at Thomson Road, as well as 3 malls – Paragon, The Clementi Mall and The Seletar Mall.
This strategic move shows our commitment in expanding and enhancing our property portfolio.”
Source: The Edge Singapore
Singapore Press Holdings
Incorporated in 1984, main board-listed Singapore Press Holdings Ltd (SPH) is Asia’s leading media organisation, engaging minds and enriching lives across multiple languages and platforms.
Kajima Corporation has built a history of almost 180 years since it first commenced operations in 1840.
Over that long history, our management philosophy has always been: “As a group of individuals working together as one, we pursue creative progress and development founded on both rational, scientific principles and a humanitarian outlook, through which we strive to continually advance our business operations and contribute to society.”
At Kajima, it is our “enterprising spirit” that drives us to take on the big challenges.
We have worked on pioneering projects across the generations, including the country’s first skyscraper and many different national development projects in areas such as infrastructure and railways. We are proud of the contributions we have made to the industrial and economic development of Japan.
Outside Japan, Kajima has been working together with its group companies to expand operations in major countries and regions of the world.
This includes the United States, where we have a strong track record stretching back more than half a century, as well as Europe and the Asia-Pacific region.
As a network of companies that offers services globally, the Kajima Group will aim for further growth by diversifying its project portfolio and leveraging its special strengths in construction projects and development projects.