Japanese property developer, Kajima Development and Singapore Press Holdings sold 70 units at The Woodleigh Residences as at 10pm on Sunday, May 12.
“We are very pleased with the enthusiastic response received,” says Kazunori Ichihashi, project director of Kajima Development. “The sales gallery opened to an invite-only event on the evenings of Wednesday (May 8) and Thursday (May 9), an industry first, and saw many guests vying for their preferred units in the ballot held on Saturday (May 11) morning.”
Many units sold were two- and three-bedroom units along with three four-bedroom apartments that achieved $2,331 psf. The majority of the buyers are locals who live across various parts of Singapore.
Prices at the project start at $1,733 psf, a revision from its starting price of $1,909 psf cited at its preview last October.
“The lower psf starting price for this launch, coupled with visible marketing and publicity helped to attract crowds to the showflat with more sales, despite the prevailing cooling measures,” says Alice Tan, director of residential project marketing at Knight Frank.
Even so, average psf prices achieved were at around $1,950 psf, according to Ken Low, managing partner of SRI.
Many of the two-bedroom apartments were purchased by young couples and smaller families while the larger units were bought by multi-generational families who were attracted to the convenience of living in an integrated development.
Units at The Woodleigh Residences range from 570 sq ft two-bedroom units to 1,475 sq ft four-bedroom units. The project’s design is synonymous with the Japanese design and quality that one can expect from Kajima’s projects in Tokyo.
A key draw of the project is the Bidadari Estate Master Plan. When completed, The Woodleigh Residences will be flanked by the Heritage Walk and the Bidadari Park with the Alkaff Lake. The project is also within 1km of schools such as Maris Stella High School, Cedar Primary School and Stamord American International School.
Slated for completion in 2022, the integrated development comprises 667 units spread across 11 blocks of 11 storeys each. The 99-year leasehold project is built above The Woodleigh Mall and is connected directly to Woodleigh MRT Station and Singapore’s first air-conditioned underground bus interchange.
The integrated project will also include a 64,583 sq ft Community Club and a 23,573 sq ft Neighbourhood Police Centre, in collaboration with the People’s Association and the Singapore Police Force, respectively.