Park Colonial

Park Colonial Condo

Park Colonial Condo is a new leasehold condominium development by CEL Unique Development that is located beside Woodleigh MRT Station and adjacent to the Bidadari New Town. The Urban Redevelopment Authority (URA) stated that the 99 year leasehold site sits on 210,402 sqf, with a gross floor area of 631,206 sqf that can offer around 800 residential units.

Park Colonial and GLS

This 99 years plot of GLS (Government Land Sales) program land drew strong interests from developers and attracted 15 bidders with offers exceeding expectations, with about one-third of the bids above $1,000 per sq ft per plot ratio (psf ppr). The tender which closed on Tuesday 11 July 2017, attracted established developers such as Chip Eng Seng, Corson and Wingjoy Investment, and Verwood Holdings and Logan Property. It was narrowly won and awarded at S$700.7 million to CEL Unique Development, a 60% owned by Chip Eng Seng Corp and 40% by Unique Real Estate. Unique Real Estate is a joint venture of Heetons Holdings and KSH Holding.