Park Colonial, a new condominium in the Bidadari enclave and following to Woodleigh MRT station, will keep its general public preview from this weekend with income to start on July 14.
Jointly produced by CEL Advancement, Heeton Holdings and KSH Holdings, the estate on a land location of 19,547 sqm will comprise six towers with 805 household units.
The 1-to five-bedroom models will be priced at an average of $1,700 for every sq ft one-bedders will start off at all around $780,000, two-bedders are earlier mentioned $900,000.
The ninety nine-12 months leasehold undertaking, with a British colonial-influenced design and style, is scheduled to be finished in 2022.
It will residence far more than 50 facilities, which includes a 10m-tall clubhouse, a 50m cantilevered lap pool, and an al fresco dining terrace.
Nearby amenities consist of Nex buying centre, the Serangoon bus interchange, Paya Lebar Central, and the forthcoming 10ha Bidadari Park.
The 60:20:20 joint venture amongst CEL, Heeton and KSH respectively clinched the web site last July with a successful bid of $1,110 ten per square foot per plot ratio.
The launch of Park Colonial will appear forward of the start of Singapore Push Holdings’ joint venture with Japanese developer Kajima Development, The Woodleigh Residences and The Woodleigh Shopping mall, which is slated for later on this calendar year. The Woodleigh Residences will attribute Singapore’s 1st air-conditioned basement bus interchange.
Bidadari is shaping up as the new Bishan, consultants say.
Mr. Raymond Chia, government chairman and team chief executive of Chip Eng Seng Corporation, CEL’s operator, is self-confident that Park Colonial will garner “quite robust interest” when its show units open up for general public preview on June 30.
He extra: “In the genuine estate, it’s often about the place. The improvement is right following to Woodleigh MRT station, close to amenities, expressways and adjacent to the up-and-coming Bidadari town.
“With the en bloc fever showing no indications of abating, we also anticipate that a huge variety of homeowners from the recent en bloc projects will be searching for new houses as nicely.”
Touted as “the next Bishan” because of its central location, Bidadari estate is developed as part of Toa Payoh town, bounded by Bartley Street, Sennett Estate, Upper Serangoon Highway and Mount Vernon Street.
Far more than 11,000 residential properties are in the pipeline. The initial batch of Construct-To-Get flats in the neighborhood was rolled out in 2015 and has remained in substantial need each and every 12 months. A few new streets – Bidadari Park Push, Alkaff Crescent, and Woodleigh Link – were partially opened this year to services the area.