“Will the Woodlands Regional Centre be a huge success?
Some weeks ago, developers were extremely interested in a particular prime commercial development site. The highest bid of 634 million Singapore dollars or 907 dollars per square foot PPR camefrom a consortium composed of Sekuski House, the Far East Organization and the Far East Orchard. The site was the first commercial site to be offered for public tender since the regional centre was named as the Northern Gateway for Singapore for Wandervale.
There was strong demand for the site, eight bids,in all,were received, including some from large developers. The top bid for this site was substantially more than that which won the first development site, at the Jurong Regional Centre, in June 2010, designated for mixed commercial/resident/hotel use, on which six developers bid and the top bid was 749 million (650 dollars psf ppr).
Wandervale in Choa Chu Kang
The strong interest in the current site is evidence of confidence in the forthcoming Woodlands Regional Centre, which lies conveniently close to Iskandar, Malaysia’s special economic region. Growth in Iskandar was further enhanced by the announcements made by the Singapore and Malaysian Prime Ministers after their annual conference meetings.
The three possible sites for the planned Singapore KL High Speed Railway station have been announced and the new Woodlands Johor Rahru RTS Rapid Transit System is on schedule for completion before 2018. Does this mean that the transformation of the area will be as successful as those in the Jurong and Tampines regional centres near Choa Chu Kang Wandervale