Singapore Property | This development, which is a first of its kind, is starting to take shape in the new Bidadari estate. It will provide around 680 residential units and over 20,000sqm of retail gross floor area.
The project which is being developed by Kajima Development a Japanese developer and SPH or Singapore Press Holdings will also be linked to the first air-conditioned bus interchange in Singapore.
Woodleigh Residences Condominium units which range from bedroom units of two-four. These units have the possibility of being priced over $2,000 for every square feet. When the development kick starts, possibly in September, sources state that Savills Singapore and OrangeTee and Tie would be the Woodleigh Residences marketing agents.
For consistent income, the developers will keep the Woodleigh Mall, which is the retail component. This multiple use project by Kajima Development and SPH ticked its ground-breaking on Wednesday, 28th of March.
Lee Boom Yang during the groundbreaking of the project stated that they aimed to change this land into one, which would be sought after by homeowners to live in proximity to parkland environments while enjoying the comfort of a vibrant and well-provisioned mall.
A $1.13 billion bid was labeled by Kajima development and SPH in the month of June last year for the highly sought after residential and commercial site, which is the initial Government land sale site the new Bidadari Estate provides.
The bid, which won, reached a land rate of $1,181 per square feet (psf), which were based on the peak gross floor area, which was allowed for the leasehold site of 99 years. Broadly called the "future Bishan” as a result of its location which is central, the Bidadari estate which has a span of 93ha is developed as an aspect of Toa Payoh town, bounded by Sennett Estate, Bartley Road, Mount Vernon Road and Upper Serangoon Road.
Built above what used to be the largest gravesite in Singapore, it is predicted to be a community situated in a garden, with new HDB flats initiated in the area being over-subscribed so far.
It was also stated by Dr Lee that the development will enjoy benefits and complement the Bidadari Park adjacent to it and residents will be able to enjoy views over the Bidadari Heritage Walk and Alkaff Lake. Mall visitors will equally enjoy the park amenities around.
For more new launches, you may like to visit Belgravia Villas Phase 2, a Freehold strata landed development, Parkwood Residences, a residential development in District 28 or The Garden Residences, a residential development along Serangoon North Avenue 1.