{"id":56452,"date":"2017-05-31T10:45:30","date_gmt":"2017-05-31T03:45:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/woodleigh-lane-site-expected-to-attract-stiff-competition\/"},"modified":"2017-05-31T10:48:45","modified_gmt":"2017-05-31T03:48:45","slug":"woodleigh-lane-site-expected-to-attract-stiff-competition","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/woodleigh-lane-site-expected-to-attract-stiff-competition\/","title":{"rendered":"Woodleigh Lane site expected to attract stiff competition"},"content":{"rendered":"


\nAerial view of the plum site at Woodleigh Lane, which is expected to attract bullish bidding. Image source: URA
\nOut of the three 99-year leasehold sites launched for sale yesterday under the first half 2017 Government Land Sales programme, the 1.9ha plot at Woodleigh Lane is the most attractive, said Dr Lee Nai Jia, Head of Research at property consultancy Edmund Tie & Co.
\n\u201cThere should be at least 12 bids for the site,\u201d he said. \u201cWhile the indicative land price varies from $750 to $850 psf per plot ratio (psf\/pr), we anticipate the winning bid to be in the range of $950 to $1,100 psf\/pr given recent aggressive land bidding behaviour.\u201d
\nThe site is close to Woodleigh MRT station, while the other two land parcels at Serangoon North Avenue 1 and Yishun Avenue 9 are not near MRT stations. The future project will also offer unblocked views on one side as it faces low-rise landed homes.
\n\u201cNew projects in the area include The Poiz Residences, averaging at about $1,505 psf based on the April Developers Survey,\u201d said Lee.
\nDespite the lack of an MRT station near the 1.7ha Serangoon North Avenue 1 site, Lee still thinks it is an \u201cinteresting site\u201d. Formerly a school, the site also offers unblocked views.
\nHe reckons it will attract different types of buyers, including young families whose parents live in Serangoon Gardens, mature families seeking to downsize from landed homes, and HDB upgraders living nearby.
\nAlthough the 2.1ha Yishun Avenue 9 site is relatively far from Yishun MRT station, Lee feels that potential upgraders may be attracted to the future project given its affordability compared to other more accessible projects.
\n\u201cThe winning bid is likely to range from $480 to $540 psf\/pr,\u201d he said.
\nTogether, these three sites are expected to yield an estimated 1,955 homes, said the Urban Redevelopment Authority.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Woodleigh Lane site expected to attract stiff competition<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Aerial view of the plum site at Woodleigh Lane, which is expected to attract bullish...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-56452","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-eGw","jetpack-related-posts":[{"id":60430,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chip-eng-seng-unit-submits-700-7m-top-bid-for-woodleigh-lane-site\/","url_meta":{"origin":56452,"position":0},"title":"Chip Eng Seng unit submits $700.7m top bid for Woodleigh Lane site","date":"July 11, 2017","format":false,"excerpt":"\r Aerial view of the plum site at Woodleigh Lane. Image source: URA A plum residential site at Woodleigh Lane just next to Woodleigh MRT station attracted 15 bids at the close of its tender exercise on Tuesday (11 July), said the Urban Redevelopment Authority (URA). CEL Unique Development, a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60894,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/woodleigh-lane-residential-site-awarded\/","url_meta":{"origin":56452,"position":1},"title":"Woodleigh Lane residential site awarded","date":"July 17, 2017","format":false,"excerpt":"\r \u00a0 A 1.9ha residential site at Woodleigh Lane has been awarded to CEL Unique Development, after the Chip Eng Seng unit submitted the highest bid of S$700.7 million, revealed the Urban Redevelopment Authority on Friday (14 July). The tender for the plum site attracted 15 bids, with the winning\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106967,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-woodleigh-residences-to-launch-this-weekend-from-1733-psf\/","url_meta":{"origin":56452,"position":2},"title":"The Woodleigh Residences To Launch This Weekend From $1,733 psf","date":"May 9, 2019","format":false,"excerpt":"\r Boasting Japanese designs, the 99-year leasehold project will sit atop The Woodleigh Mall and enjoy connectivity to Woodleigh MRT Station as well as an air-conditioned underground bus interchange. The Woodleigh Residences, a premium integrated development project by Japanese real estate developer Kajima Development and Singapore Press Holdings (SPH), will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92536,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/park-colonial-open-for-preview-this-weekend\/","url_meta":{"origin":56452,"position":3},"title":"Park Colonial open for preview this weekend","date":"June 26, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Park Colonial, a new condominium close to Woodleigh MRT station and the future Bidadari enclave. (Photo: CEL Development) Park Colonial, an 805-unit private residential project along Woodleigh Lane in District 13, is set to open its showflat for preview this Saturday (30 June). The 99-year leasehold\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56324,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-3-residential-sites-could-yield-1955-homes\/","url_meta":{"origin":56452,"position":4},"title":"URA launches 3 residential sites, could yield 1,955 homes","date":"May 30, 2017","format":false,"excerpt":"\r Location plan for the site at Woodleigh Lane. Source: URA Three 99-year leasehold residential sites at Woodleigh Lane, Serangoon North Avenue 1 and Yishun Avenue 9 were released for sale on Tuesday (30 May) under the first half 2017 Government Land Sales (GLS) Programme, said the Urban Redevelopment Authority\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55353,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/geylang-bidadari-flats-most-popular-among-buyers\/","url_meta":{"origin":56452,"position":5},"title":"Geylang, Bidadari flats most popular among buyers","date":"May 19, 2017","format":false,"excerpt":"\r It has been three years since new flats were introduced within the Geylang area where Dakota Breeze and Pine Vista, two of this year\u2019s BTO project,\u00a0will be built in. (Image: HDB) Housing Board flats in Geylang and Bidadari attracted keen interest from buyers, with bigger units in Geylang\u2019s Dakota\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/56452"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=56452"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/56452\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=56452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=56452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=56452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}