Uncover The Park Colonial, Singapore
Singapore is fast becoming a dominant powerhouse in the global housing market.
Currently going through an economic boom, they are leading the way in building design and innovation.
We take a look at one of the newest developments - Park Colonial.
Singapore is a thriving first-world island-country located in Southeast Asia.
Despite being a small island (177th out of 196 countries by measurement of land mass), Singapore boasts numerous world bests:
- The most "technology-ready" nation
- Top international-meetings city
- Country with the best investment potential
- World's safest country
- Third-most competitive country
- Third-largest foreign exchange market
- Third-largest financial centre
- Third-largest oil refining
- Second-busiest container port
On top of that, the country has been identified as a tax haven.
This is why global businesses, property developers and members of the rich list are turning to Singapore for investment.
Park Colonial is a great example of this.
What Is It?
Part of the proposed Bidadari Estate, its location within the heart of Singapore - the town of Toa Payoh - is what the Singaporean Government are calling a “planning area” or DGP zone. Urban areas where significant development is planned.
This includes new governmental buildings, residential housing estates, commercial properties and leisure facilities.
Costing over $700 million USD in total, Park Colonial is a 16-storey high rise offering 800 exclusive residential units, although there are also some designated commercial units.
Competition for the land was intense, with a difference of just 0.8% between the top two bidders.
Award-winning architectural firm, ADDP Architects, and landscaping experts, Ecoplan Asia were the brains behind the ultra-modern condos.
Their vision? Vintage colonial architecture intertwined with sleek modernist design.
Industry-leading property developers CEL Unique Development Pte Ltd, a consortium of Chip Eng Seng Corp, Heeton Holdings and KSH Holdings, were responsible for bringing the 200,000 square foot dream to life.
These world-renowned developers are responsible for many luxury buildings in Singapore, as well as several developments in Thailand, Malaysia and the United Kingdom.
The premium condos come in different sizes, from 1 to 5 bedrooms. The cost of a single unit ranges between $793k USD and $3.183 million USD. As of August 2018, around 50% of units are still available.
Where Is it?
The secluded Park Colonial Estate is located on Woodleigh Lane, Upper Serangoon Road. Eventually merging with the upcoming Bidadari Estate, the condominium is right in the heart of Singapore, the town of Toa Payoh.
As expected, Park Colonial has a range of 5* star amenities available to residents. These include: English breakfast house, spa, swimming pool, restaurants, tennis court, sun deck, gym and much more.
For residents’ protection and security, there is also a private car park and guard house.
Conveniently located (and within walking distance) are a number of shopping malls and entertainment/leisure facilities. Nex Shopping Mall in particular, is amongst the largest and the most iconic shopping centre in all Singapore.
Also, nearby are the newly-built Woodleigh metro station and
Bidadari bus interchange, running the North East Line.
These provide great links to Serangoon, Singapore’s Botanic Gardens, Farrer Road, Buona Vista, Harbour Front and Marina Bay.
Several schools, including the American International School and Cedar Primary School, are located in the vicinity, as are a hospital, several grocery stores and other stores that provide basic provisions.
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