This site is already 62% sold with 495 of its 797 units were sold by the end of August. The project excel was released by the UOL Group only this April. Other analysts predict that the site will only fetch between 5 and 9 bids and the high will run somewhere between $590 – $630 PSF PPR. This would make the Woodlands Ave 12 Hao Yuan EC breakeven cost for the new site to be around $1100 PSF and with an expected selling price of $1300 – $1350 PSF. One analyst further estimates the average selling price for the new project at the site will be S$1250 – $1300 PSF.
Woodlands Ave 12 Hao Yuan EC
Northpoint City will also feature roughly 1,000 carpark spaces as well as 300 parking spaces for bicycles in an effort to enhance the lively lifestyle of Nee Soon Residents. If you take into account how close, the site is to the Serangoon MRT Station, as this is an interchange station and Nex. So given this, this analyst predicts bids to be as high as $700 – $800 PSF PPR. The Woodlands Avenue 12 EC mega project will incorporate the largest shopping mall within northern the city state, a new residential project North Park Residences, the very first Community Club to be located within a mall, a roof-top local community back garden, as well as a brand new township plaza.
Market analysts expect a good response to the site being offered. Given its proximity to the many amenities that the Serangoon area offers along with its closeness to an MRT station and also will allow for further expansion of the ULO Groups Botanique at Bartley condominium development, which is only one MRT stop away, based on the URA’s monthly development sales data. However, ERA agent Zola Tan noted desire is constantly hold up in fully developed estates together with those near MRT stations for Woodlands EC Causeway Point.
Woodlands EC Causeway Point
Analysts predict that there will be 6 to 12 bids for this new area, the top bid is likely to be somewhere in the neighborhood of $630 – $680 per square foot per plot ratio (PSF PPR). North Point City will likely involve the building of new pedestrian bridges designed to offer direct access to the entire development. Northpoint City, an upcoming integrated development together with 1000 residential units by Frasers Centrepoint, will breathe a brand new lease of life into the region together with other integrated new projects in Singapore Gambas EC.
Hao Yuan Gambas EC
A 3rd consultant is going out on a limb and believes the new condominium units could go even higher to $1400 PSF. The surplus properties for rent also provides tenants with increased choices to decide upon. The worst-hit zones are the ones without easy-access to services, like public transport. Communters in Yishun will certainly get to experience unchallenged public transportation services as well as a air-conditioned bus interchange as well as an underpass linking Yishun MRT Station to Woodlands Ave 12 Hao Yuan EC. Meanwhile, levels of competition are most likely to further expand as more suburban private homes are predicted to be ready next year, said Ong.