Park Colonial by Chip Eng Seng Corporation & Unique Real Estate
Park Colonial Condo – A major private residential development from a joint venture led by Chip Eng Seng Corp. Conveniently located at Woodleigh Lane (Upper Serangoon Road), it is one of the most talk about area in recent years due to the forthcoming Bidadari New Town as planned by the city state’s Urban Redevelopment Authority of Singapore (URA).
It was the only second plot of land offered via Government Land Sales within the new Bidadari precinct in 2017. The new condo site tender attracted an overwhelming fifteen property developers in submitting their interest for this huge plum land. It has a land area of 210,404 square foot and maximum permissible gross floor area (GFA) of 631,212 square foot in total.
Touted to be the new Bishan by several market watchers, it’s new and yet a mature residential town in Singapore’s Central Region, which falls under the planning area of Toa Payoh. Local real estate developers were determined in securing this highly sought-after site offered by the Government, thus resulting in a mere 3.6 percent margin difference among the top four bidders. With such a rare sight showing the intensely fought bidding behaviour during the open tender, it further escalates the hidden potential within the champion site at Woodleigh.
The winning consortium were formed by CEL Unique Development (CELU), a joint venture from Chip Eng Seng and Unique Real Estate (a JV between Heeton Holdings & KSH Holdings). This highly favoured land parcel is situated right next to Woodleigh MRT Station, an underground railway transport network operating on our North East Line series.
Promising Plans of Park Colonial Condo
Despite the huge land size and the massive monetary pressure coming along with it, the winning joint venture is working alongside an award-winning architecture firm, as well as one of the best main contractor in Singapore for constructing the condo with a full range of smart facilities. Dragages Singapore, the local-based subsidiary of Bouygues Construction where they were listed on Euronext Paris Stock Exchange, will be the exclusively appointed company in building Park Colonial at Woodleigh Lane, a contract worth more than $180 million in return for a high quality home. You might not have heard of them yet but they are the strong brains and muscles behind our iconic Singapore Sports Hub, and with the likes of other famous landmarks in Singapore such as The Fullerton Hotel and The Ritz-Carlton just to name a few.
There will be more than 800 apartment units, spanning across six blocks of 15-storey residential towers within the entire development. By strategically sitting right next to the Woodleigh train station, Park Colonial will be a very notable and prominent landmark in this young and new town for many generations to come. Being a part of a growing new town will certainly bring about a whole suite of benefits to the residents for being the first mover advantage group. The Bidadari story will unfold along with the new residents in this immediate neighbourhood as they age.
Nearby Amenities from Park Colonial
If you’re worried about the day to day convenience by residing in Park Colonial at Woodleigh MRT, we have you covered by having a commercial mall right opposite your residence. The Woodleigh Mall across the street will be able to handle your family’s daily needs such as air-conditioned dining establishments and other retail services.
In addition to the new Woodleigh Mall, you can have a comfortable one station ride to Serangoon, where Nex, one of the largest suburban mall is located if you’re a non-driving individual. It will surely be a vibrant and lively community around this vicinity as time goes by with the growing catchment.
Apart from the daily convenience the locale provides, it is also a short stroll away to Bidadari Greenway, Heritage Walk, Bidadari Park as well as the man-made lake, inspired by the former Alkaff Lake Gardens. A picture-perfect weekend greenery venue for your family usage, or as and when you want it with your loved ones.
Nearby Educational Institutions from Park Colonial
We do feel the anxiety of being a parent, should you be afraid of being “lacking” in the school option segment by residing in a new town, we’re pleased to show you around the nice schools in close-proximity. There are good schools in the precinct, such as Stamford American International School, Saint Andrew’s Junior, Cedar Primary and Maris Stella High School for your picking.
Park Colonial Summary
Developed by: CEL Unique Development (Consortium led by Chip Eng Seng Corp)
Main Contractor: Dragages Singapore (Subsidiary of Bouygues Construction)
Land Usage: Private Condo Development
Address: 309 Upper Serangoon Road
District Code: 13
Site Tenure: 99 years
Land Area: 210,404 sq ft
Max. Gross Floor Area: 631,212 sq ft
No. of Blocks: 06
No. of Storey: 15
No. of Units: 805
Expected Date of Completion: TBA
Now that you’ve probably learnt more of Park Colonial Condo and its surroundings or perhaps having a question or two before any further decisions, please feel free to engage us for a non-obligatory discussion anytime! We would be pleased to assist you further and explore all the possibilities with you along the journey.