By KK Tong (guest contributor)
Woodlands – an estate north of Singapore, close to the Singapore-Malaysia causeway. According to statistics, Woodlands has a whopping population of 250,000! Within this area, there are quite a number of condos, so if you are looking at buying one for your own stay, in this article I will suss out some possibilities for your consideration.
What’s in Woodlands?
Woodlands is pretty much self-contained, similar to any other town in Singapore. Shops, eateries, and educational institutes such as Innova Junior College, Singapore Sports School, Republic Polytechnic and the Singapore American School are all located within this estate.
Transport is provided by three MRT Stations – Woodlands, Marsiling, and Admiralty, as well as a regional bus interchange at Woodlands Square. Major expressways leading into Woodlands include the BKE and the SLE.
Woodlands Stadium and Woodlands Swimming Complex offer recreational activities. Woodlands Regional Library, spread over four floors, is located in the Civic Centre near Causeway Point. Shopaholics can indulge themselves at Causeway Point Shopping Mall, and foodies will find plenty of eating outlets there as well.
Our criteria for selecting a condo is simple – We will feature those condos that are comparatively nearer to the MRT stations. What we will exclude are developments which are in progress and have not obtained T.O.P.
We have short listed 3 condos, one each from the vicinities of the 3 MRT stations.
Condo #1 – Rosewood
First up is Rosewood, a project completed in 2003 by Centrepoint Homes.
Figure 1: Rosewood
Condo #2 – Woodsvale
Next up is Woodsvale, completed in 2000 by Capitaland.
Figure 2: Woodsvale
Condo #3 – The Woodgrove
Finally, we have The Woodgrove, completed in 1998 by Heeton Development.
Figure 3: The Woodgrove
Condos in Woodlands won’t burn such a big hole in your pocket as the transacted units featured are less than a million.
So which condo is the most attractive?
Of the three condos, Rosewood is nearest the major facilities in Woodlands. But the average PSF price is $795, which is higher than that of Woodsvale and The Woodgrove by $176 and $31 respectively. Moreover, it is about 660 metres from Woodlands MRT Station, which is walkable, but not exactly near.
The Woodgrove, although the nearest of the three condos to the Singapore American School (SAS), is 900 metres from Marsiling MRT Station, which is a good distance away if one has to walk. This condo may suit investors better as it is near to the SAS, but is not as convenient for own stay.
In terms of value for money, Woodsvale offers the lowest PSF price and is relatively near to the MRT (550 metres). Although there is a lack of amenities around the area, the major facilities at Causeway Point are only one train station away. If buying for your own stay, this project can certainly be considered. After all, one will probably need to visit the shopping, banking and library facilities once a week at most. Paying $790 thousand for a comfortably-sized 1313 sf unit (based on the latest transaction) makes sense when compared to paying $816K for a 1012 sf unit at Rosewood. (based on the latest transaction).